Hartford Golf Club Scholarship Foundation Inc
Hartford Golf Club Scholarship Foundation: Consistent Growth, Strong Financials
EIN: 222966886 · West Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $116K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $272K |
| Transparency Score | 85/100 |
Is Hartford Golf Club Scholarship Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hartford Golf Club Scholarship Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hartford Golf Club Scholarship Foundation Inc
Hartford Golf Club Scholarship Foundation Inc (EIN: 222966886) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $129K and total assets of $349K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hartford Golf Club Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hartford Golf Club Scholarship Foundation Inc is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $116K |
| Surplus / Deficit | $-539 |
| Total Assets | $272K |
| Total Liabilities | $900 |
| Net Assets | $272K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 28.3 months |
Financial Health Grade: B
In 2023, Hartford Golf Club Scholarship Foundation Inc reported a deficit of $539 with expenses exceeding revenue, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hartford Golf Club Scholarship Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +17.9% | -1.5% |
| 2022 | +15.6% | +24.7% | -16.3% |
| 2021 | +23.9% | +24.5% | +21.0% |
| 2020 | +12.7% | +37.1% | +4.6% |
| 2019 | -4.8% | +23.8% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Hartford Golf Club Scholarship 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hartford Golf Club Scholarship Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $539, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure.
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.
Strengths
The following positive indicators were identified for Hartford Golf Club Scholarship Foundation Inc:
- Consistent revenue growth from $50,664 in 2017 to $128,684 in 2023.
- Healthy asset base, growing from $221,542 in 2017 to $348,511 in 2023.
- Very low administrative and fundraising costs, maximizing funds for scholarships.
- Strong financial health with revenues consistently exceeding expenses.
Frequently Asked Questions about Hartford Golf Club Scholarship Foundation Inc
Is Hartford Golf Club Scholarship Foundation Inc a legitimate charity?
Hartford Golf Club Scholarship Foundation Inc (EIN: 222966886) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $129K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Hartford Golf Club Scholarship Foundation Inc spend its money?
Hartford Golf Club Scholarship Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hartford Golf Club Scholarship Foundation Inc tax-deductible?
Hartford Golf Club Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222966886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hartford Golf Club Scholarship Foundation Inc CEO make?
Hartford Golf Club Scholarship Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $129K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hartford Golf Club Scholarship Foundation Inc's spending goes to programs?
Hartford Golf Club Scholarship Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hartford Golf Club Scholarship Foundation Inc located?
Hartford Golf Club Scholarship Foundation Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 222966886.
How many years of IRS 990 filings does Hartford Golf Club Scholarship Foundation Inc have?
Hartford Golf Club Scholarship Foundation Inc has 13 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 $129K in total revenue.
What does Hartford Golf Club Scholarship Foundation Inc do?
Hartford Golf Club Scholarship Foundation Inc is a nonprofit organization in the Unknown sector, located in West Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Hartford Golf Club Scholarship Foundation Inc have?
Hartford Golf Club Scholarship Foundation Inc reported total revenue of $128,684. Based on 13 IRS 990 filings on record.
What are Hartford Golf Club Scholarship Foundation Inc's total assets?
Hartford Golf Club Scholarship Foundation Inc holds total assets of $348,511 as reported in IRS 990 filings.
Where is Hartford Golf Club Scholarship Foundation Inc located?
Hartford Golf Club Scholarship Foundation Inc is based in West Hartford, Connecticut.
What is Hartford Golf Club Scholarship Foundation Inc's EIN?
Hartford Golf Club Scholarship Foundation Inc's Employer Identification Number (EIN) is 222966886. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hartford Golf Club Scholarship Foundation Inc?
Hartford Golf Club Scholarship Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Hartford Golf Club Scholarship Foundation Inc a registered 501(c)(3)?
Hartford Golf Club Scholarship Foundation Inc appears in IRS records (EIN: 222966886). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hartford Golf Club Scholarship Foundation Inc file IRS Form 990?
Yes, Hartford Golf Club Scholarship Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was Hartford Golf Club Scholarship Foundation Inc's revenue in 2023?
In the 202310 filing period, Hartford Golf Club Scholarship Foundation Inc reported total revenue of $115,000, total expenses of $115,539, and net assets of $272,452.
Is Hartford Golf Club Scholarship Foundation Inc's revenue growing or declining?
Hartford Golf Club Scholarship Foundation Inc's revenue is growing. Revenue went from $98,374 (202210) to $115,000 (202310), a +16.9% change. Based on 13 filings on record.
What is Hartford Golf Club Scholarship Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hartford Golf Club Scholarship Foundation Inc covers tax period 202310. It shows revenue of $115,000, expenses of $115,539, total assets of $272,452, and liabilities of $900.
How much does Hartford Golf Club Scholarship Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Hartford Golf Club Scholarship Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hartford Golf Club Scholarship Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hartford Golf Club Scholarship Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Hartford Golf Club Scholarship Foundation Inc's strengths?
Positive indicators for Hartford Golf Club Scholarship Foundation Inc include: Consistent revenue growth from $50,664 in 2017 to $128,684 in 2023.. Healthy asset base, growing from $221,542 in 2017 to $348,511 in 2023.. Very low administrative and fundraising costs, maximizing funds for scholarships.. Strong financial health with revenues consistently exceeding expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Hartford Golf Club Scholarship Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation manage to operate with $0 reported executive compensation, and what is the impact on its operational efficiency?
The foundation's ability to report $0 in executive compensation suggests a volunteer-driven leadership or significant in-kind support, which directly contributes to its high program spending efficiency by minimizing overhead costs and maximizing funds available for scholarships.
Filing History
IRS 990 filing history for Hartford Golf Club Scholarship Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hartford Golf Club Scholarship Foundation Inc's revenue has grown by 237.6%, moving from $34K to $115K. Total assets increased by 113.4% over the same period, from $128K to $272K. Total functional expenses rose by 209.9%, from $37K to $116K. In its most recent filing year (2023), Hartford Golf Club Scholarship Foundation Inc reported a deficit of $539, with expenses exceeding revenue. The organization holds $900 in liabilities against $272K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $272K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $116K | $272K | $900 | — | View 990 |
| 2022 | $98K | $98K | $277K | $900 | — | View 990 |
| 2021 | $85K | $79K | $331K | $900 | — | View 990 |
| 2020 | $69K | $63K | $273K | $900 | — | View 990 |
| 2019 | $61K | $46K | $261K | $900 | — | View 990 |
| 2018 | $64K | $37K | $228K | $0 | — | View 990 |
| 2017 | $51K | $25K | $222K | $0 | — | View 990 |
| 2016 | $51K | $26K | $176K | $115 | — | View 990 |
| 2015 | $50K | $38K | $149K | $2K | — | View 990 |
| 2014 | $41K | $36K | $142K | $2K | — | View 990 |
| 2013 | $30K | $38K | $133K | $2K | — | View 990 |
| 2012 | $31K | $38K | $128K | $2K | — | View 990 |
| 2011 | $34K | $37K | $128K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $116K, and assets of $272K (revenue +16.9% year-over-year).
- 2022: Revenue of $98K, expenses of $98K, and assets of $277K (revenue +15.6% year-over-year).
- 2021: Revenue of $85K, expenses of $79K, and assets of $331K (revenue +23.9% year-over-year).
- 2020: Revenue of $69K, expenses of $63K, and assets of $273K (revenue +12.7% year-over-year).
- 2019: Revenue of $61K, expenses of $46K, and assets of $261K (revenue -4.8% year-over-year).
- 2018: Revenue of $64K, expenses of $37K, and assets of $228K (revenue +26.4% year-over-year).
- 2017: Revenue of $51K, expenses of $25K, and assets of $222K (revenue -1.3% year-over-year).
- 2016: Revenue of $51K, expenses of $26K, and assets of $176K (revenue +2.0% year-over-year).
- 2015: Revenue of $50K, expenses of $38K, and assets of $149K (revenue +23.6% year-over-year).
- 2014: Revenue of $41K, expenses of $36K, and assets of $142K (revenue +36.7% year-over-year).
- 2013: Revenue of $30K, expenses of $38K, and assets of $133K (revenue -4.4% year-over-year).
- 2012: Revenue of $31K, expenses of $38K, and assets of $128K (revenue -8.6% year-over-year).
- 2011: Revenue of $34K, expenses of $37K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hartford Golf Club Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Hartford Golf Club Scholarship 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.