Hardesty Family Foundation Inc

Hardesty Family Foundation maintains substantial assets and low liabilities, with recent revenue surge.

EIN: 204094088 · Tulsa, OK · NTEE: Z99 · Updated: 2026-03-28

$85.3MRevenue
$142.2MAssets
85/100Mission Score (Excellent)
Z99

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Hardesty Family Foundation Inc Financial Summary
MetricValue
Total Revenue$85.3M
Total Expenses$6.7M
Program Spending90%
Net Assets$136.2M
Transparency Score85/100

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Hardesty Family Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hardesty Family Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hardesty Family Foundation Inc in one place.

Form 990 Filing Summary

10 filing years are available, with latest revenue of $10.0M and expenses of $6.7M.

Revenue and Expenses

Hardesty Family Foundation Inc reported $10.0M in revenue and $6.7M in expenses, a surplus of $3.3M.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.

Is Hardesty Family Foundation Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
10Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Hardesty Family Foundation Inc Expense Deployment
Program services$6.0M (90%)

Across stored filings, Hardesty Family Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Hardesty Family Foundation Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend90% to programsExcellent
Financial durabilityGrade A10 stored filing years
Peer contextCompare with Thelma Gaylord Lyric Theatre Endowment Fund IncOklahoma and Category Z context

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Hardesty Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Hardesty Family Foundation Inc

Hardesty Family Foundation Inc (EIN: 204094088) is a nonprofit organization based in Tulsa, OK, classified under NTEE code Z99. The organization reported total revenue of $85.3M and total assets of $142.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hardesty Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

20Years Operating
MajorSize Classification
10Years of Filings
MixedRevenue Trajectory

Hardesty Family Foundation Inc is a major nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$10.0M
Total Expenses$6.7M
Surplus / Deficit+$3.3M
Total Assets$136.2M
Total Liabilities$3K
Net Assets$136.2M
Operating Margin32.7%
Debt-to-Asset Ratio0.0%
Months of Reserves243.4 months

Financial Health Grade: A

In 2023, Hardesty Family Foundation Inc reported a surplus of $3.3M with revenue exceeding expenses, holds 243.4 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), Hardesty Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.

YearRevenue ChangeExpense ChangeAsset Change
2023+69.1%-0.3%+2.5%
2022-12.7%+23.6%-0.6%
2021-48.2%-19.8%+1.0%
2020+44.7%+0.1%+5.0%
2019+5.8%-8.2%+10.3%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2006

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Hardesty Family Foundation Inc. demonstrates strong financial health with consistently high assets, reaching $142,153,842 in its latest filing. The foundation's revenue has fluctuated, with a notable $85,290,903 in the latest period, significantly higher than previous years, indicating a substantial influx of funds. Expenses have generally remained stable, ranging from approximately $4 million to $7 million in most recent filings, suggesting consistent operational costs relative to its asset base. The foundation's liabilities are consistently very low, often negligible, which is a positive indicator of financial stability and minimal debt burden. Regarding spending efficiency, as a private foundation (implied by NTEE Z99 and lack of program service expense breakdown in provided data), its primary function is grantmaking. The provided data does not detail program service expenses versus administrative or fundraising, which is a limitation for a direct efficiency assessment in the traditional sense for public charities. However, the consistent growth in assets and low liabilities suggest effective management of its endowment. The absence of officer compensation further indicates that the foundation's operational costs are likely directed towards administrative functions and grant distribution rather than high executive salaries. Transparency is generally good, with a consistent filing history of 10 IRS 990 forms. The lack of officer compensation is a positive transparency signal. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency and programmatic impact is challenging from the provided summary data. For a private foundation, the key transparency metric would be the disclosure of its grant recipients and the impact of those grants, which is not available in this summary.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hardesty Family 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: 90%
  • fundraising: 0%

According to IRS 990 filings, Hardesty Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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:

$10.0MTotal Revenue
$6.7MTotal Expenses
$136.2MTotal Assets
$3KTotal Liabilities
$136.2MNet Assets
  • The organization reported a surplus of $3.3M, with revenue exceeding expenses.
  • Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

Officer compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this asset size and suggests a volunteer-led or externally managed structure for executive functions.

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 Hardesty Family Foundation Inc's IRS 990 filings:

  • Lack of detailed program expense breakdown in provided data, making direct program efficiency assessment difficult for a public charity comparison.
  • NTEE code Z99 ('Unknown') provides no specific insight into the foundation's programmatic focus.

Strengths

The following positive indicators were identified for Hardesty Family Foundation Inc:

  • Consistently low liabilities across all filing periods, indicating strong financial stability.
  • Significant and growing asset base, reaching $142,153,842, providing substantial capacity for grantmaking.
  • Consistent 0% officer compensation, suggesting resources are not diverted to executive salaries.
  • Strong revenue generation, with a notable surge in the latest period ($85,290,903).

Frequently Asked Questions about Hardesty Family Foundation Inc

Is Hardesty Family Foundation Inc a legitimate charity?

Hardesty Family Foundation Inc (EIN: 204094088) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $85.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.

How does Hardesty Family Foundation Inc spend its money?

Hardesty Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Hardesty Family Foundation Inc tax-deductible?

Hardesty Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204094088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Hardesty Family Foundation Inc compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Hardesty Family Foundation Inc is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Hardesty Family Foundation Inc located?

Hardesty Family Foundation Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 204094088. It is classified under NTEE code Z99.

How many years of IRS 990 filings does Hardesty Family Foundation Inc have?

Hardesty Family 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 $85.3M in total revenue.

What is the primary purpose of the Hardesty Family Foundation Inc. given its NTEE code Z99?

NTEE code Z99 typically indicates 'Unknown' or 'Not Applicable' for the primary purpose, often used by private foundations that engage in broad grantmaking across various sectors rather than focusing on a single program area. Further investigation into their grantmaking activities would be needed to understand their specific mission.

How does the foundation manage its operations without officer compensation?

The consistent 0% officer compensation suggests that the foundation may be entirely volunteer-run at the executive level, or its operational management and executive functions are handled by an external entity or staff whose compensation is categorized differently (e.g., administrative expenses) and not reported as officer compensation on the 990.

What caused the significant increase in revenue to $85,290,903 in the latest period?

The provided data does not specify the source of this revenue. It could be due to substantial investment gains, a large one-time donation, or a significant asset transfer. This is a substantial increase from previous years' revenues, which typically ranged from $6 million to $17 million.

Filing History

IRS 990 filing history for Hardesty Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Hardesty Family Foundation Inc's revenue has grown by 50.8%, moving from $6.6M to $10.0M. Total assets increased by 66.8% over the same period, from $81.7M to $136.2M. Total functional expenses rose by 57.3%, from $4.3M to $6.7M. In its most recent filing year (2023), Hardesty Family Foundation Inc reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $3K in liabilities against $136.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $136.2M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $10.0M $6.7M $136.2M $3K View 990
2022 $5.9M $6.7M $132.9M $6K View 990
2021 $6.8M $5.4M $133.7M $3K View 990
2020 $13.0M $6.8M $132.4M $1
2019 $9.0M $6.8M $126.2M $1 View 990
2015 $8.5M $7.4M $114.4M $1K View 990
2014 $17.7M $3.5M $113.2M $166 View 990
2013 $13.1M $1.6M $99.0M $1 View 990
2012 $10.4M $4.5M $87.5M $2K View 990
2011 $6.6M $4.3M $81.7M $0 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $10.0M, expenses of $6.7M, and assets of $136.2M (revenue +69.1% year-over-year).
  • 2022: Revenue of $5.9M, expenses of $6.7M, and assets of $132.9M (revenue -12.7% year-over-year).
  • 2021: Revenue of $6.8M, expenses of $5.4M, and assets of $133.7M (revenue -48.2% year-over-year).
  • 2020: Revenue of $13.0M, expenses of $6.8M, and assets of $132.4M (revenue +44.7% year-over-year).
  • 2019: Revenue of $9.0M, expenses of $6.8M, and assets of $126.2M (revenue +5.8% year-over-year).
  • 2015: Revenue of $8.5M, expenses of $7.4M, and assets of $114.4M (revenue -51.9% year-over-year).
  • 2014: Revenue of $17.7M, expenses of $3.5M, and assets of $113.2M (revenue +35.2% year-over-year).
  • 2013: Revenue of $13.1M, expenses of $1.6M, and assets of $99.0M (revenue +25.8% year-over-year).
  • 2012: Revenue of $10.4M, expenses of $4.5M, and assets of $87.5M (revenue +57.2% year-over-year).
  • 2011: Revenue of $6.6M, expenses of $4.3M, and assets of $81.7M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hardesty Family Foundation Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Hardesty Family 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.

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