Heartland Lutheran High School Foundation
Heartland Lutheran High School Foundation maintains strong assets and no liabilities, with fluctuating revenue and no paid executive compensation.
EIN: 10803924 · Grand Island, NE · NTEE: B82 · Updated: 2026-03-28
Is Heartland Lutheran High School Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heartland Lutheran High School Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heartland Lutheran High School Foundation
Heartland Lutheran High School Foundation (EIN: 10803924) is a nonprofit organization based in Grand Island, NE, classified under NTEE code B82. The organization reported total revenue of $105K and total assets of $983K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartland Lutheran High School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartland Lutheran High School Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Heartland Lutheran High School Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is commendable for minimizing overhead.
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 Heartland Lutheran High School Foundation's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202406), with $132,443 in expenses against $100,547 in revenue.
- Significant year-over-year revenue volatility, making future income less predictable.
Strengths
The following positive indicators were identified for Heartland Lutheran High School Foundation:
- Consistently reports zero liabilities, indicating strong financial health and low risk.
- No officer compensation reported across all filings, suggesting efficient use of funds and volunteer leadership.
- Strong asset base, with total assets reaching $982,990 in the latest period.
- Consistent growth in assets over the long term, from $286,132 in 2013 to $982,990 currently.
Frequently Asked Questions about Heartland Lutheran High School Foundation
Is Heartland Lutheran High School Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartland Lutheran High School Foundation (EIN: 10803924) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Heartland Lutheran High School Foundation spend its money?
Heartland Lutheran High School Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heartland Lutheran High School Foundation tax-deductible?
Heartland Lutheran High School Foundation is registered as a tax-exempt nonprofit (EIN: 10803924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Heartland Lutheran High School Foundation a good charity?
Based on the available data, the foundation appears to be a financially sound organization with strong assets ($982,990) and no liabilities. Its consistent reporting of 0% officer compensation suggests a high dedication to its mission with minimal administrative overhead. The primary concern is the recent trend where expenses exceeded revenue in 2024, which could impact long-term sustainability if it continues.
How has the foundation's revenue changed over time?
The foundation's revenue has been highly variable, ranging from a low of $92,619 in 2021 to a high of $949,230 in 2022. The latest reported revenue for 2024 is $100,547, which is significantly lower than previous years like 2023 ($240,683) and 2022.
What is the organization's asset-to-liability ratio?
The organization consistently reports zero liabilities across all filings. With current assets of $982,990, this results in an exceptionally strong, effectively infinite, asset-to-liability ratio, indicating excellent financial solvency.
Filing History
IRS 990 filing history for Heartland Lutheran High School Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2013–2024), Heartland Lutheran High School Foundation's revenue has declined by 49.5%, moving from $199K to $101K. Total assets increased by 235.3% over the same period, from $286K to $959K. Total functional expenses fell by 4.8%, from $139K to $132K. In its most recent filing year (2024), Heartland Lutheran High School Foundation reported a deficit of $32K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $101K | $132K | $959K | $0 | — | — |
| 2023 | $241K | $220K | $991K | $0 | — | View 990 |
| 2022 | $949K | $46K | $970K | $0 | — | View 990 |
| 2021 | $93K | $27K | $67K | $0 | — | — |
| 2016 | $316K | $300K | $308K | $0 | — | — |
| 2013 | $199K | $139K | $286K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $101K, expenses of $132K, and assets of $959K (revenue -58.2% year-over-year).
- 2023: Revenue of $241K, expenses of $220K, and assets of $991K (revenue -74.6% year-over-year).
- 2022: Revenue of $949K, expenses of $46K, and assets of $970K (revenue +924.9% year-over-year).
- 2021: Revenue of $93K, expenses of $27K, and assets of $67K (revenue -70.6% year-over-year).
- 2016: Revenue of $316K, expenses of $300K, and assets of $308K (revenue +58.6% year-over-year).
- 2013: Revenue of $199K, expenses of $139K, and assets of $286K.
Data Sources and Methodology
This transparency report for Heartland Lutheran High School Foundation 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.