Harvey Mcnairy Foundation Inc

Harvey Mcnairy Foundation maintains strong assets and no reported officer compensation over a decade.

EIN: 208686982 · Kinston, NC · NTEE: T22 · Updated: 2026-03-28

$3.7MRevenue

$13.1MAssets

95/100Mission Score (Excellent)

T22

About Harvey Mcnairy Foundation Inc

Harvey Mcnairy Foundation Inc (EIN: 208686982) is a nonprofit organization based in Kinston, NC, classified under NTEE code T22. The organization reported total revenue of $3.7M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harvey Mcnairy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Harvey Mcnairy Foundation Inc demonstrates a consistent pattern of financial growth and stability over the past decade. With latest reported revenue of $3,701,712 and assets of $13,101,023, the organization maintains a strong asset base relative to its annual expenses. The foundation consistently reports minimal liabilities ($1 across all filings), indicating a very healthy balance sheet and low financial risk. The absence of reported officer compensation across all ten filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.

While specific program spending percentages are not detailed in the provided summary, the consistent surplus of revenue over expenses in most years (e.g., $1,499,876 revenue vs. $1,111,593 expenses in 2023) allows for asset growth and sustained operations. The foundation's NTEE code T22 (Private Grantmaking Foundations) implies its primary activity is distributing grants, which inherently means a significant portion of its expenses would be programmatic. The lack of reported officer compensation also contributes to a perception of high transparency regarding executive benefits.

Overall, the Harvey Mcnairy Foundation appears to be a financially sound and efficiently managed organization. Its strong asset base, consistent revenue generation, and minimal liabilities provide a solid foundation for its grantmaking activities. The absence of executive compensation is a notable strength, suggesting a high proportion of funds are directed towards its mission rather than administrative overhead related to salaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Harvey Mcnairy Foundation Inc with a Mission Score of 95 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, Harvey Mcnairy 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all ten available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and asset base ($13.1 million). This suggests a volunteer-led executive structure or that compensation is covered by another entity.

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 Harvey Mcnairy Foundation Inc's IRS 990 filings:

Lack of detailed program spending breakdown in summary data
Unusually low liabilities ($1) across all filings, potentially indicating incomplete reporting or unique financial structure

Strengths

The following positive indicators were identified for Harvey Mcnairy Foundation Inc:

Strong and growing asset base ($13,101,023)
Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus
Minimal liabilities ($1 across all filings), demonstrating excellent financial health
Consistent revenue generation exceeding expenses in most periods, leading to asset growth
Long history of IRS 990 filings (10 filings), indicating transparency and compliance

Frequently Asked Questions about Harvey Mcnairy Foundation Inc

Is Harvey Mcnairy Foundation Inc a good charity?

Based on the provided financial data, the foundation appears to be a very good charity. It has a strong asset base, consistently low liabilities, and notably reports no officer compensation, suggesting a high dedication of resources to its mission.

How does the foundation manage to operate without officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led board and executive team, or that executive services are provided pro bono or by an affiliated entity not reflected in these specific compensation disclosures.

What is the trend in the foundation's assets?

The foundation's assets have shown significant growth, increasing from $2,853,060 in 2011 to $13,101,023 currently, indicating strong financial management and accumulation of resources for its mission.

Is the foundation financially stable?

Yes, the foundation is highly financially stable. It consistently generates more revenue than expenses in most years, maintains a substantial asset base ($13.1 million), and reports negligible liabilities ($1), indicating excellent financial health.

Filing History

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

Over 10 years of IRS 990 filings (2011–2023), Harvey Mcnairy Foundation Inc's revenue has grown by 1301.8%, moving from $107K to $1.5M. Total assets increased by 349.6% over the same period, from $2.9M to $12.8M. Total functional expenses rose by 564.1%, from $167K to $1.1M. In its most recent filing year (2023), Harvey Mcnairy Foundation Inc reported a surplus of $388K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.1M	$12.8M	$1	—	—
2022	$662K	$1.2M	$12.4M	$1	—	View 990
2021	$1.2M	$971K	$12.9M	$1	—	View 990
2020	$1.0M	$931K	$12.7M	$1	—	View 990
2019	$750K	$837K	$12.6M	$1	—	View 990
2015	$2.0M	$873K	$10.8M	$1	—	View 990
2014	$1.5M	$241K	$8.5M	$1	—	View 990
2013	$465K	$204K	$3.4M	$1	—	View 990
2012	$521K	$191K	$3.2M	$1	—	View 990
2011	$107K	$167K	$2.9M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.1M, and assets of $12.8M (revenue +126.7% year-over-year).
2022: Revenue of $662K, expenses of $1.2M, and assets of $12.4M (revenue -46.3% year-over-year).
2021: Revenue of $1.2M, expenses of $971K, and assets of $12.9M (revenue +20.8% year-over-year).
2020: Revenue of $1.0M, expenses of $931K, and assets of $12.7M (revenue +35.9% year-over-year).
2019: Revenue of $750K, expenses of $837K, and assets of $12.6M (revenue -62.8% year-over-year).
2015: Revenue of $2.0M, expenses of $873K, and assets of $10.8M (revenue +35.1% year-over-year).
2014: Revenue of $1.5M, expenses of $241K, and assets of $8.5M (revenue +221.5% year-over-year).
2013: Revenue of $465K, expenses of $204K, and assets of $3.4M (revenue -10.8% year-over-year).
2012: Revenue of $521K, expenses of $191K, and assets of $3.2M (revenue +386.8% year-over-year).
2011: Revenue of $107K, expenses of $167K, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Harvey Mcnairy 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.