Halbert Harmon Foundation Inc
Halbert Harmon Foundation shows consistent asset growth with minimal liabilities and zero officer compensation, though 2023 expenses exceeded revenue.
EIN: 200214688 · Colleyville, TX · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $575K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7.17 |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
Is Halbert Harmon Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Halbert Harmon Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Halbert Harmon Foundation Inc
Halbert Harmon Foundation Inc (EIN: 200214688) is a nonprofit organization based in Colleyville, TX, classified under NTEE code T22. The organization reported total revenue of $5.3M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Halbert Harmon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Halbert Harmon Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $449K |
| Total Expenses | $575K |
| Surplus / Deficit | $-126,108 |
| Total Assets | $7.2M |
| Total Liabilities | $1 |
| Net Assets | $7.2M |
| Operating Margin | -28.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.8 months |
Financial Health Grade: B
In 2023, Halbert Harmon Foundation Inc reported a deficit of $126K with expenses exceeding revenue, holds 149.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Halbert Harmon Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.4% | -11.7% | -1.7% |
| 2022 | -58.9% | +51.2% | +2.0% |
| 2021 | +147.0% | +1.5% | +26.4% |
| 2020 | +916.7% | +3.6% | +6.7% |
| 2019 | -86.7% | +198.7% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Halbert Harmon Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Halbert Harmon Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not categorized as officer compensation, which is highly favorable for an organization of its asset size ($7.17 million in 2023).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Halbert Harmon Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown makes full spending efficiency assessment difficult.
- Expenses exceeded revenue in the most recent 2023 filing period ($574,646 vs $448,538).
Strengths
The following positive indicators were identified for Halbert Harmon Foundation Inc:
- Consistent asset growth from $3.27 million in 2011 to $7.17 million in 2023.
- Minimal liabilities ($0 or $1) across all reported periods, indicating strong financial health.
- Zero officer compensation reported in all filings, suggesting efficient use of funds for leadership.
- Long history of IRS 990 filings (10 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Halbert Harmon Foundation Inc
Is Halbert Harmon Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Halbert Harmon Foundation Inc (EIN: 200214688) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Halbert Harmon Foundation Inc spend its money?
Halbert Harmon Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Halbert Harmon Foundation Inc tax-deductible?
Halbert Harmon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200214688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Halbert Harmon Foundation Inc CEO make?
Halbert Harmon Foundation Inc's highest-compensated officer earns $7.17 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Halbert Harmon Foundation Inc's spending goes to programs?
Halbert Harmon Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Halbert Harmon Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Halbert Harmon Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Halbert Harmon Foundation Inc located?
Halbert Harmon Foundation Inc is headquartered in Colleyville, Texas and files with the IRS under EIN 200214688. It is classified under NTEE code T22.
How many years of IRS 990 filings does Halbert Harmon Foundation Inc have?
Halbert Harmon Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.3M in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a more precise assessment of spending efficiency.
How does the Halbert Harmon Foundation ensure its grantmaking is effective?
As a private grantmaking foundation (NTEE T22), its effectiveness hinges on its grant selection and monitoring processes. The provided financial data does not detail these operational aspects, but the consistent asset growth suggests a stable base for grantmaking activities.
Why did expenses exceed revenue in the 2023 fiscal period?
In 2023, the foundation reported expenses of $574,646 against revenues of $448,538. This could be due to increased grant disbursements, investment losses, or a temporary dip in contributions. Without further detail, the exact reason is unclear, but it's a notable deviation from previous years where revenue generally exceeded expenses.
Filing History
IRS 990 filing history for Halbert Harmon Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Halbert Harmon Foundation Inc's revenue has grown by 17.8%, moving from $381K to $449K. Total assets increased by 119.5% over the same period, from $3.3M to $7.2M. Total functional expenses rose by 783.2%, from $65K to $575K. In its most recent filing year (2023), Halbert Harmon Foundation Inc reported a deficit of $126K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $449K | $575K | $7.2M | $1 | — | — |
| 2022 | $793K | $651K | $7.3M | $1 | — | View 990 |
| 2021 | $1.9M | $430K | $7.2M | $1 | — | View 990 |
| 2020 | $780K | $424K | $5.7M | $1 | — | View 990 |
| 2019 | $77K | $409K | $5.3M | $0 | — | View 990 |
| 2015 | $575K | $137K | $4.8M | $1 | — | View 990 |
| 2014 | $516K | $108K | $4.4M | $1 | — | View 990 |
| 2013 | $483K | $64K | $4.0M | $1 | — | View 990 |
| 2012 | $489K | $70K | $3.6M | $1 | — | View 990 |
| 2011 | $381K | $65K | $3.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $449K, expenses of $575K, and assets of $7.2M (revenue -43.4% year-over-year).
- 2022: Revenue of $793K, expenses of $651K, and assets of $7.3M (revenue -58.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $430K, and assets of $7.2M (revenue +147.0% year-over-year).
- 2020: Revenue of $780K, expenses of $424K, and assets of $5.7M (revenue +916.7% year-over-year).
- 2019: Revenue of $77K, expenses of $409K, and assets of $5.3M (revenue -86.7% year-over-year).
- 2015: Revenue of $575K, expenses of $137K, and assets of $4.8M (revenue +11.5% year-over-year).
- 2014: Revenue of $516K, expenses of $108K, and assets of $4.4M (revenue +6.8% year-over-year).
- 2013: Revenue of $483K, expenses of $64K, and assets of $4.0M (revenue -1.3% year-over-year).
- 2012: Revenue of $489K, expenses of $70K, and assets of $3.6M (revenue +28.6% year-over-year).
- 2011: Revenue of $381K, expenses of $65K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Halbert Harmon Foundation Inc:
Data Sources and Methodology
This transparency report for Halbert Harmon Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.