Hatfield Family Scholarship Fund
Hatfield Family Scholarship Fund shows consistent asset growth and no officer compensation.
EIN: 203811979 · Beloit, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $288K |
| Total Expenses | $33K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $1.2M |
| Transparency Score | 95/100 |
Is Hatfield Family Scholarship Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hatfield Family Scholarship Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hatfield Family Scholarship Fund
Hatfield Family Scholarship Fund (EIN: 203811979) is a nonprofit organization based in Beloit, WI. The organization reported total revenue of $288K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hatfield Family Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hatfield Family Scholarship Fund is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $33K |
| Surplus / Deficit | +$37K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 53.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 445.6 months |
Financial Health Grade: A
In 2023, Hatfield Family Scholarship Fund reported a surplus of $37K with revenue exceeding expenses, holds 445.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Hatfield Family Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | -36.2% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Hatfield Family Scholarship Fund 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, Hatfield Family Scholarship Fund 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation in both 2023 and 2022 filings, indicating that its leadership is likely volunteer-based, which is highly efficient for an organization of its size with assets over $1.2 million.
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 Hatfield Family Scholarship Fund:
- Strong asset growth, reaching $1,244,680 in the latest period.
- No officer compensation reported, indicating volunteer leadership and efficient use of funds.
- Expenses significantly lower than revenue, suggesting strong financial management and endowment building.
- Minimal liabilities ($1 in both periods), indicating excellent financial stability.
Frequently Asked Questions about Hatfield Family Scholarship Fund
Is Hatfield Family Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Hatfield Family Scholarship Fund (EIN: 203811979) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Hatfield Family Scholarship Fund spend its money?
Hatfield Family Scholarship Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hatfield Family Scholarship Fund tax-deductible?
Hatfield Family Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 203811979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hatfield Family Scholarship Fund CEO make?
Hatfield Family Scholarship Fund's highest-compensated officer earns $1.2 annually. The organization reported $288K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Hatfield Family Scholarship Fund located?
Hatfield Family Scholarship Fund is headquartered in Beloit, Wisconsin and files with the IRS under EIN 203811979.
How many years of IRS 990 filings does Hatfield Family Scholarship Fund have?
Hatfield Family Scholarship Fund has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $288K in total revenue.
Is Hatfield Family Scholarship Fund a good charity?
Yes, based on the available data, it appears to be a very good charity. It has strong financial health with growing assets ($1,244,680), very low expenses relative to revenue, and reports no officer compensation, suggesting efficient use of funds for its scholarship mission.
How does Hatfield Family Scholarship Fund manage its administrative costs?
With total expenses of $32,896 in 2023 and $51,559 in 2022, and no officer compensation, the administrative costs appear to be very low, likely covering essential operational needs without significant overhead.
What is the primary financial focus of the Hatfield Family Scholarship Fund?
The primary financial focus appears to be endowment building and scholarship distribution, as evidenced by consistent asset growth and expenses being significantly lower than revenue, allowing for reinvestment and long-term sustainability.
Filing History
IRS 990 filing history for Hatfield Family Scholarship Fund showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Hatfield Family Scholarship Fund's revenue has declined by 5.9%, moving from $75K to $70K. Total assets increased by 3.1% over the same period, from $1.2M to $1.2M. Total functional expenses fell by 36.2%, from $52K to $33K. In its most recent filing year (2023), Hatfield Family Scholarship Fund reported a surplus of $37K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $33K | $1.2M | $1 | — | — |
| 2022 | $75K | $52K | $1.2M | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hatfield Family Scholarship Fund:
Data Sources and Methodology
This transparency report for Hatfield Family Scholarship Fund 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.