Hamrick Family Foundation Inc A Supporting Organization
Hamrick Family Foundation experiences drastic asset decline and volatile revenue, raising sustainability concerns.
EIN: 201129596 · Las Vegas, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $577 |
| Total Expenses | $1K |
| Net Assets | $49K |
| Transparency Score | 10/100 |
Is Hamrick Family Foundation Inc A Supporting Organization Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hamrick Family Foundation Inc A Supporting Organization
Hamrick Family Foundation Inc A Supporting Organization (EIN: 201129596) is a nonprofit organization based in Las Vegas, NV. The organization reported total revenue of $577 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamrick Family Foundation Inc A Supporting Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hamrick Family Foundation Inc A Supporting Organization is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -155.7% | -11.9% | -6.3% |
| 2020 | -120.6% | +180.2% | +1.2% |
| 2015 | -191.6% | -52.0% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hamrick Family Foundation Inc A Supporting Organization with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Hamrick Family Foundation Inc A Supporting Organization allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the organization. This is a positive aspect, especially for an organization with such limited and volatile financial resources.
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 Hamrick Family Foundation Inc A Supporting Organization's IRS 990 filings:
- Highly volatile and frequently negative revenue reported across multiple years, indicating financial instability.
- Drastic decline in assets from $54,116 in 2022 to $2,895 currently, raising questions about financial health and sustainability.
- Lack of clear program spending, as expenses often exceed revenue and the organization's purpose as a 'supporting organization' is not detailed.
- Very low current assets and revenue, suggesting limited operational capacity.
Strengths
The following positive indicators were identified for Hamrick Family Foundation Inc A Supporting Organization:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are paid.
Frequently Asked Questions about Hamrick Family Foundation Inc A Supporting Organization
Is Hamrick Family Foundation Inc A Supporting Organization a legitimate charity?
Hamrick Family Foundation Inc A Supporting Organization (EIN: 201129596) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 10/100. It has 9 years of IRS 990 filings on record. Total revenue: $577. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Hamrick Family Foundation Inc A Supporting Organization spend its money?
Hamrick Family Foundation Inc A Supporting Organization reported $577 in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hamrick Family Foundation Inc A Supporting Organization tax-deductible?
Hamrick Family Foundation Inc A Supporting Organization is registered as a tax-exempt nonprofit (EIN: 201129596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hamrick Family Foundation Inc A Supporting Organization located?
Hamrick Family Foundation Inc A Supporting Organization is headquartered in Las Vegas, Nevada and files with the IRS under EIN 201129596.
How many years of IRS 990 filings does Hamrick Family Foundation Inc A Supporting Organization have?
Hamrick Family Foundation Inc A Supporting Organization has 9 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 $577 in total revenue.
Why has the organization's revenue been negative in multiple years?
The IRS 990 filings show negative revenue in 2022 ($-2,548), 2020 ($-1,074), 2015 ($-3,234), and 2011 ($-1,693). This could indicate significant investment losses, returns of contributions, or accounting adjustments that result in a net outflow of funds rather than income.
What caused the significant drop in assets from $54,116 in 2022 to $2,895 currently?
The latest reported assets of $2,895 are a dramatic decrease from the $54,116 reported in 2022. This suggests a substantial liquidation of assets, significant losses, or a major distribution of funds, which is not immediately clear from the provided data.
As a 'supporting organization,' what specific activities or grants does the Hamrick Family Foundation Inc support?
The provided data does not detail the specific program activities or grants made by the foundation. Given its highly volatile revenue and recent asset decline, its capacity to provide meaningful support is questionable.
With current revenue of $577 and assets of $2,895, how does the organization cover its expenses?
The organization's current financial state, with minimal revenue and assets, suggests it would struggle to cover even modest operational expenses. Historically, expenses have ranged from $1,082 (2022) to $7,176 (2014), far exceeding its current financial capacity.
Filing History
IRS 990 filing history for Hamrick Family Foundation Inc A Supporting Organization showing financial trends over 9 years of public records:
Total assets decreased by 0.2% over the same period, from $54K to $54K. Total functional expenses fell by 81.1%, from $6K to $1K. The organization holds $5K in liabilities against $54K in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $49K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-2,548 | $1K | $54K | $5K | — | View 990 |
| 2021 | $5K | $1K | $58K | $5K | — | — |
| 2020 | $-1,074 | $3K | $54K | $5K | — | View 990 |
| 2019 | $5K | $1K | $54K | $1 | — | View 990 |
| 2015 | $-3,234 | $3K | $48K | $1 | — | View 990 |
| 2014 | $4K | $7K | $55K | $1 | — | View 990 |
| 2013 | $2K | $2K | $59K | $1 | — | View 990 |
| 2012 | $7K | $2K | $59K | $1 | — | View 990 |
| 2011 | $-1,693 | $6K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-2,548, expenses of $1K, and assets of $54K (revenue -155.7% year-over-year).
- 2021: Revenue of $5K, expenses of $1K, and assets of $58K.
- 2020: Revenue of $-1,074, expenses of $3K, and assets of $54K (revenue -120.6% year-over-year).
- 2019: Revenue of $5K, expenses of $1K, and assets of $54K.
- 2015: Revenue of $-3,234, expenses of $3K, and assets of $48K (revenue -191.6% year-over-year).
- 2014: Revenue of $4K, expenses of $7K, and assets of $55K (revenue +79.2% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $59K (revenue -72.0% year-over-year).
- 2012: Revenue of $7K, expenses of $2K, and assets of $59K.
- 2011: Revenue of $-1,693, expenses of $6K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hamrick Family Foundation Inc A Supporting Organization:
Data Sources and Methodology
This transparency report for Hamrick Family Foundation Inc A Supporting Organization 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.