Harteveldt Foundation Inc
Harteveldt Foundation consistently grows assets with zero reported officer compensation.
EIN: 131882108 · Greenwich, CT · Updated: 2026-03-28
Is Harteveldt Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harteveldt Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harteveldt Foundation Inc
Harteveldt Foundation Inc (EIN: 131882108) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $299K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harteveldt Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harteveldt Foundation Inc is a small nonprofit that has been operating for 80 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $287K |
| Total Expenses | $193K |
| Surplus / Deficit | +$94K |
| Total Assets | $2.0M |
| Total Liabilities | $3K |
| Net Assets | $2.0M |
| Operating Margin | 32.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 126.5 months |
Financial Health Grade: A
In 2023, Harteveldt Foundation Inc reported a surplus of $94K with revenue exceeding expenses, holds 126.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Harteveldt Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.6% | +37.5% | +24.2% |
| 2022 | -25.5% | -2.1% | +2.7% |
| 2021 | -6.5% | +20.6% | +6.9% |
| 2020 | +124.1% | -2.1% | +40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Harteveldt Foundation Inc with a Mission Score of 92 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, Harteveldt 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:
- The organization reported a surplus of $94K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Harteveldt Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, which limits understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Harteveldt Foundation Inc:
- Consistent asset growth, reaching over $2 million in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Consistent financial surpluses, with revenue significantly exceeding expenses in most years (e.g., $286,537 revenue vs. $192,918 expenses in 2023).
- Very low liabilities, consistently around $3,313 or less, demonstrating strong financial management.
- Strong program spending ratio, estimated at 90% given the absence of fundraising costs and zero officer compensation.
Frequently Asked Questions about Harteveldt Foundation Inc
Is Harteveldt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harteveldt Foundation Inc (EIN: 131882108) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Harteveldt Foundation Inc spend its money?
Harteveldt Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harteveldt Foundation Inc tax-deductible?
Harteveldt Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131882108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harteveldt Foundation Inc a good charity?
Based on the provided financial data, Harteveldt Foundation Inc appears to be a financially sound organization with strong asset growth, consistent surpluses, and no reported officer compensation, suggesting a high degree of efficiency and dedication to its mission.
How has the organization's asset base changed over time?
The organization's assets have shown significant growth, increasing from $824,676 in 2015 to $2,033,224 in 2023, more than doubling in less than a decade.
What is the trend in revenue and expenses?
Revenue has generally been strong and positive, with a notable exception in 2015 ($-217,354). Expenses have remained relatively stable and significantly lower than revenue in most periods, leading to consistent surpluses. For example, in 2023, revenue was $286,537 against expenses of $192,918.
Filing History
IRS 990 filing history for Harteveldt Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harteveldt Foundation Inc's revenue has grown by 1301.1%, moving from $20K to $287K. Total assets increased by 155.4% over the same period, from $796K to $2.0M. Total functional expenses rose by 145.8%, from $78K to $193K. In its most recent filing year (2023), Harteveldt Foundation Inc reported a surplus of $94K, with revenue exceeding expenses. The organization holds $3K in liabilities against $2.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $287K | $193K | $2.0M | $3K | — | — |
| 2022 | $195K | $140K | $1.6M | $3K | — | View 990 |
| 2021 | $262K | $143K | $1.6M | $3K | — | View 990 |
| 2020 | $281K | $119K | $1.5M | $3K | — | View 990 |
| 2019 | $125K | $121K | $1.1M | $3K | — | View 990 |
| 2015 | $-217,354 | $60K | $825K | $1 | — | View 990 |
| 2014 | $140K | $76K | $1.1M | $1 | — | View 990 |
| 2013 | $278K | $55K | $990K | $1 | — | View 990 |
| 2012 | $21K | $50K | $768K | $1 | — | View 990 |
| 2011 | $20K | $78K | $796K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $287K, expenses of $193K, and assets of $2.0M (revenue +46.6% year-over-year).
- 2022: Revenue of $195K, expenses of $140K, and assets of $1.6M (revenue -25.5% year-over-year).
- 2021: Revenue of $262K, expenses of $143K, and assets of $1.6M (revenue -6.5% year-over-year).
- 2020: Revenue of $281K, expenses of $119K, and assets of $1.5M (revenue +124.1% year-over-year).
- 2019: Revenue of $125K, expenses of $121K, and assets of $1.1M.
- 2015: Revenue of $-217,354, expenses of $60K, and assets of $825K (revenue -255.1% year-over-year).
- 2014: Revenue of $140K, expenses of $76K, and assets of $1.1M (revenue -49.5% year-over-year).
- 2013: Revenue of $278K, expenses of $55K, and assets of $990K (revenue +1206.1% year-over-year).
- 2012: Revenue of $21K, expenses of $50K, and assets of $768K (revenue +4.0% year-over-year).
- 2011: Revenue of $20K, expenses of $78K, and assets of $796K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harteveldt Foundation Inc:
Data Sources and Methodology
This transparency report for Harteveldt 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.