Heersink Family Foundation
Heersink Family Foundation's assets declined by over 50% since 2020 due to expenses consistently exceeding revenue.
EIN: 208640992 · Dothan, AL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $561K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.6M |
| Transparency Score | 70/100 |
Is Heersink Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heersink Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heersink Family Foundation
Heersink Family Foundation (EIN: 208640992) is a nonprofit organization based in Dothan, AL, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heersink Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heersink Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). 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 | $71K |
| Total Expenses | $561K |
| Surplus / Deficit | $-489,992 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -693.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.8 months |
Financial Health Grade: B
In 2023, Heersink Family Foundation reported a deficit of $490K with expenses exceeding revenue, holds 34.8 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), Heersink Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1962.9% | -26.0% | -23.1% |
| 2022 | +940.7% | -25.9% | -26.3% |
| 2021 | -100.0% | +68.0% | -26.3% |
| 2020 | +23.3% | -37.9% | +159.1% |
| 2019 | +2139.1% | +932.1% | +5995.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Heersink Family Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Heersink Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $490K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Heersink Family Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is unusual for an organization with assets exceeding $1.6 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.
Red Flags
The following concerns were identified during AI analysis of Heersink Family Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (2021-2023), leading to asset depletion.
- Significant decline in assets from $3.89 million in 2020 to $1.62 million in 2023.
- Highly volatile revenue streams, making financial planning unpredictable.
Strengths
The following positive indicators were identified for Heersink Family Foundation:
- Strong balance sheet with minimal liabilities ($1 reported across all filings).
- Consistent filing of IRS Form 990s, indicating transparency in reporting.
- No reported officer compensation, potentially indicating low administrative overhead for leadership.
Frequently Asked Questions about Heersink Family Foundation
Is Heersink Family Foundation a legitimate charity?
Heersink Family Foundation (EIN: 208640992) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Heersink Family Foundation spend its money?
Heersink Family Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Heersink Family Foundation tax-deductible?
Heersink Family Foundation is registered as a tax-exempt nonprofit (EIN: 208640992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heersink Family Foundation CEO make?
Heersink Family Foundation's highest-compensated officer earns $1.6 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heersink Family Foundation's spending goes to programs?
Heersink Family Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heersink Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Heersink Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heersink Family Foundation located?
Heersink Family Foundation is headquartered in Dothan, Alabama and files with the IRS under EIN 208640992. It is classified under NTEE code T20.
How many years of IRS 990 filings does Heersink Family Foundation have?
Heersink Family 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 $1.2M in total revenue.
Is the Heersink Family Foundation financially sustainable given recent expense trends?
The foundation's expenses have exceeded revenue in the last three reported periods (2021-2023), leading to a significant decline in assets from $3.89 million in 2020 to $1.62 million in 2023. This trend is not sustainable long-term without a reversal in revenue generation or a reduction in expenses.
How does the foundation manage its executive leadership without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based, or their compensation is covered by an affiliated entity or through other means not disclosed as direct officer compensation on the 990. Further investigation into the foundation's operational structure would be needed to clarify this.
What caused the significant fluctuations in revenue, such as the $3 million in 2020 versus $70k in 2023?
The provided data does not specify the sources of revenue. Such large fluctuations could be due to a reliance on large, infrequent donations, significant investment gains/losses, or a combination of both. This volatility makes financial forecasting challenging.
Filing History
IRS 990 filing history for Heersink Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heersink Family Foundation's revenue has grown by 100%, moving from $35K to $71K. Total assets increased by 20899.7% over the same period, from $8K to $1.6M. Total functional expenses rose by 1792.4%, from $30K to $561K. In its most recent filing year (2023), Heersink Family Foundation reported a deficit of $490K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $561K | $1.6M | $1 | — | View 990 |
| 2022 | $3K | $758K | $2.1M | $1 | — | View 990 |
| 2021 | $329 | $1.0M | $2.9M | $1 | — | — |
| 2020 | $3.0M | $609K | $3.9M | $1 | — | — |
| 2019 | $2.4M | $981K | $1.5M | $1 | — | View 990 |
| 2015 | $109K | $95K | $25K | $1 | — | View 990 |
| 2014 | $199K | $191K | $11K | $1 | — | View 990 |
| 2013 | $56K | $56K | $4K | $1 | — | View 990 |
| 2012 | $66K | $70K | $4K | $1 | — | View 990 |
| 2011 | $35K | $30K | $8K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $561K, and assets of $1.6M (revenue +1962.9% year-over-year).
- 2022: Revenue of $3K, expenses of $758K, and assets of $2.1M (revenue +940.7% year-over-year).
- 2021: Revenue of $329, expenses of $1.0M, and assets of $2.9M (revenue -100.0% year-over-year).
- 2020: Revenue of $3.0M, expenses of $609K, and assets of $3.9M (revenue +23.3% year-over-year).
- 2019: Revenue of $2.4M, expenses of $981K, and assets of $1.5M (revenue +2139.1% year-over-year).
- 2015: Revenue of $109K, expenses of $95K, and assets of $25K (revenue -45.3% year-over-year).
- 2014: Revenue of $199K, expenses of $191K, and assets of $11K (revenue +254.5% year-over-year).
- 2013: Revenue of $56K, expenses of $56K, and assets of $4K (revenue -15.6% year-over-year).
- 2012: Revenue of $66K, expenses of $70K, and assets of $4K (revenue +87.9% year-over-year).
- 2011: Revenue of $35K, expenses of $30K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heersink Family Foundation:
Data Sources and Methodology
This transparency report for Heersink Family 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.