Heartland Midwest Foundation
Heartland Midwest Foundation consistently operates at a significant deficit, spending substantially more than its minimal revenue.
EIN: 205543942 · Olathe, KS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $6K |
| Program Spending | 70% |
| Net Assets | $59K |
| Transparency Score | 35/100 |
Is Heartland Midwest Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heartland Midwest Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Heartland Midwest Foundation
Heartland Midwest Foundation (EIN: 205543942) is a nonprofit organization based in Olathe, KS, classified under NTEE code T22. The organization reported total revenue of $1K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartland Midwest Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartland Midwest Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $6K |
| Surplus / Deficit | $-5,215 |
| Total Assets | $59K |
| Total Liabilities | $1 |
| Net Assets | $59K |
| Operating Margin | -511.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 114.4 months |
Financial Health Grade: B
In 2023, Heartland Midwest Foundation reported a deficit of $5K with expenses exceeding revenue, holds 114.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Heartland Midwest Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.5% | +73.2% | -4.3% |
| 2022 | -64.8% | -0.1% | +10.5% |
| 2021 | +95.2% | -1.5% | -3.0% |
| 2020 | -20.8% | +0.5% | -0.2% |
| 2019 | +38.0% | +19.0% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Heartland Midwest Foundation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Heartland Midwest Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is common for very small, volunteer-run entities.
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 Midwest Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $5,215 deficit in 2023)
- Declining asset base over time (from $62,438 in 2011 to $49,671 currently)
- Very low revenue generation relative to expenses, raising questions about funding model
- Lack of detailed expense breakdown to assess program efficiency
Strengths
The following positive indicators were identified for Heartland Midwest Foundation:
- Zero reported officer compensation, indicating a volunteer-driven or very lean leadership structure
- Low liabilities ($1 across all filings) suggests minimal debt burden
Frequently Asked Questions about Heartland Midwest Foundation
Is Heartland Midwest Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartland Midwest Foundation (EIN: 205543942) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Heartland Midwest Foundation spend its money?
Heartland Midwest Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heartland Midwest Foundation tax-deductible?
Heartland Midwest Foundation is registered as a tax-exempt nonprofit (EIN: 205543942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heartland Midwest Foundation's spending goes to programs?
Heartland Midwest Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Heartland Midwest Foundation compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Heartland Midwest Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heartland Midwest Foundation located?
Heartland Midwest Foundation is headquartered in Olathe, Kansas and files with the IRS under EIN 205543942. It is classified under NTEE code T22.
How many years of IRS 990 filings does Heartland Midwest Foundation have?
Heartland Midwest Foundation has 10 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 $1K in total revenue.
How does Heartland Midwest Foundation cover its consistent operating deficits?
The provided data shows consistent expenses far exceeding revenue (e.g., $6,234 expenses vs. $1,019 revenue in 2023). This suggests the organization is either drawing down its assets, receiving significant non-cash contributions, or has other undisclosed funding sources to cover these shortfalls.
What are the specific program activities of Heartland Midwest Foundation given its NTEE code T22?
The NTEE code T22 relates to 'Other Public, Society Benefit Organizations'. Without further details from the 990 filings, it's unclear what specific programs the organization undertakes with its minimal budget.
Is Heartland Midwest Foundation financially sustainable in the long term?
Based on the consistent and significant operating deficits (e.g., $5,215 deficit in 2023) and declining assets, the organization's long-term financial sustainability appears highly questionable without a significant change in its revenue generation or expense management.
Filing History
IRS 990 filing history for Heartland Midwest Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heartland Midwest Foundation's revenue has grown by 87%, moving from $545 to $1K. Total assets decreased by 4.8% over the same period, from $62K to $59K. Total functional expenses rose by 380.3%, from $1K to $6K. In its most recent filing year (2023), Heartland Midwest Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $59K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $59K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $6K | $59K | $1 | — | — |
| 2022 | $651 | $4K | $62K | $1 | — | View 990 |
| 2021 | $2K | $4K | $56K | $1 | — | — |
| 2020 | $946 | $4K | $58K | $1 | — | — |
| 2019 | $1K | $4K | $58K | $1 | — | View 990 |
| 2015 | $866 | $3K | $51K | $1 | — | View 990 |
| 2014 | $870 | $3K | $53K | $1 | — | View 990 |
| 2013 | $748 | $4K | $55K | $1 | — | View 990 |
| 2012 | $657 | $3K | $60K | $1 | — | View 990 |
| 2011 | $545 | $1K | $62K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $6K, and assets of $59K (revenue +56.5% year-over-year).
- 2022: Revenue of $651, expenses of $4K, and assets of $62K (revenue -64.8% year-over-year).
- 2021: Revenue of $2K, expenses of $4K, and assets of $56K (revenue +95.2% year-over-year).
- 2020: Revenue of $946, expenses of $4K, and assets of $58K (revenue -20.8% year-over-year).
- 2019: Revenue of $1K, expenses of $4K, and assets of $58K (revenue +38.0% year-over-year).
- 2015: Revenue of $866, expenses of $3K, and assets of $51K (revenue -0.5% year-over-year).
- 2014: Revenue of $870, expenses of $3K, and assets of $53K (revenue +16.3% year-over-year).
- 2013: Revenue of $748, expenses of $4K, and assets of $55K (revenue +13.9% year-over-year).
- 2012: Revenue of $657, expenses of $3K, and assets of $60K (revenue +20.6% year-over-year).
- 2011: Revenue of $545, expenses of $1K, and assets of $62K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartland Midwest Foundation:
Data Sources and Methodology
This transparency report for Heartland Midwest 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.