Hendricks Family Foundation Inc
Hendricks Family Foundation shows consistent asset growth and zero executive compensation over a decade.
EIN: 200874851 · Beloit, WI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.9M |
| Total Expenses | $4.0M |
| Program Spending | 95% |
| Net Assets | $56.6M |
| Transparency Score | 92/100 |
Is Hendricks Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hendricks Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hendricks Family Foundation Inc
Hendricks Family Foundation Inc (EIN: 200874851) is a nonprofit organization based in Beloit, WI, classified under NTEE code T22. The organization reported total revenue of $18.9M and total assets of $73.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hendricks Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hendricks Family Foundation Inc is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$7.6M |
| Total Assets | $59.8M |
| Total Liabilities | $3.2M |
| Net Assets | $56.6M |
| Operating Margin | 65.4% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 178.6 months |
Financial Health Grade: A
In 2023, Hendricks Family Foundation Inc reported a surplus of $7.6M with revenue exceeding expenses, holds 178.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hendricks Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.5% | +61.7% | +29.8% |
| 2022 | -16.2% | -33.6% | -8.0% |
| 2021 | +28.1% | +141.4% | +26.0% |
| 2020 | +1.7% | -65.2% | +19.3% |
| 2019 | +85.1% | +251.4% | +104.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Hendricks Family Foundation Inc with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Hendricks Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $7.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly unusual and suggests a volunteer-led or externally funded administrative structure, maximizing funds for charitable purposes.
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 Hendricks Family Foundation Inc:
- Consistent and significant asset growth (from $7.98M in 2011 to $59.77M in 2023).
- Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
- Strong financial health with revenues consistently exceeding expenses in most years, allowing for asset building.
- Low liabilities relative to assets, suggesting a stable financial position (e.g., $3.21M liabilities vs. $59.77M assets in 2023).
- Clear dedication to program spending given the nature of a private grantmaking foundation and minimal administrative overhead.
Frequently Asked Questions about Hendricks Family Foundation Inc
Is Hendricks Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hendricks Family Foundation Inc (EIN: 200874851) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hendricks Family Foundation Inc spend its money?
Hendricks Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hendricks Family Foundation Inc tax-deductible?
Hendricks Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200874851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hendricks Family Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hendricks Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hendricks Family Foundation Inc located?
Hendricks Family Foundation Inc is headquartered in Beloit, Wisconsin and files with the IRS under EIN 200874851. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hendricks Family Foundation Inc have?
Hendricks Family Foundation Inc 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 $18.9M in total revenue.
Is Hendricks Family Foundation Inc. a good charity?
Yes, based on its financial data, the Hendricks Family Foundation Inc. appears to be a very good charity. It demonstrates strong financial health, consistent asset growth (from $7.98M in 2011 to $59.77M in 2023), and a remarkable commitment to efficiency with 0% officer compensation reported across all filings.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, reporting 0% officer compensation in all available filings. This suggests that administrative functions are either performed by volunteers, covered by external sources, or are extremely minimal, allowing nearly all funds to be directed towards its mission.
What is the trend in the foundation's financial growth?
The foundation shows a strong upward trend in financial growth. Revenue has increased significantly from $739,311 in 2011 to $11,596,175 in 2023, and assets have grown substantially from $7.98 million in 2011 to $59.77 million in 2023, indicating robust financial management and sustainability.
Filing History
IRS 990 filing history for Hendricks Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hendricks Family Foundation Inc's revenue has grown by 1468.5%, moving from $739K to $11.6M. Total assets increased by 648.8% over the same period, from $8.0M to $59.8M. Total functional expenses rose by 507.3%, from $661K to $4.0M. In its most recent filing year (2023), Hendricks Family Foundation Inc reported a surplus of $7.6M, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $59.8M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $56.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $4.0M | $59.8M | $3.2M | — | View 990 |
| 2022 | $5.9M | $2.5M | $46.1M | $3.3M | — | View 990 |
| 2021 | $7.0M | $3.7M | $50.1M | $3.8M | — | View 990 |
| 2020 | $5.5M | $1.5M | $39.7M | $2.3M | — | View 990 |
| 2019 | $5.4M | $4.5M | $33.3M | $2.5M | — | View 990 |
| 2015 | $2.9M | $1.3M | $16.3M | $1 | — | View 990 |
| 2014 | $3.0M | $270K | $15.9M | $1 | — | View 990 |
| 2013 | $3.6M | $168K | $13.2M | $1 | — | View 990 |
| 2012 | $287K | $372K | $8.6M | $1 | — | View 990 |
| 2011 | $739K | $661K | $8.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $4.0M, and assets of $59.8M (revenue +97.5% year-over-year).
- 2022: Revenue of $5.9M, expenses of $2.5M, and assets of $46.1M (revenue -16.2% year-over-year).
- 2021: Revenue of $7.0M, expenses of $3.7M, and assets of $50.1M (revenue +28.1% year-over-year).
- 2020: Revenue of $5.5M, expenses of $1.5M, and assets of $39.7M (revenue +1.7% year-over-year).
- 2019: Revenue of $5.4M, expenses of $4.5M, and assets of $33.3M (revenue +85.1% year-over-year).
- 2015: Revenue of $2.9M, expenses of $1.3M, and assets of $16.3M (revenue -4.2% year-over-year).
- 2014: Revenue of $3.0M, expenses of $270K, and assets of $15.9M (revenue -16.5% year-over-year).
- 2013: Revenue of $3.6M, expenses of $168K, and assets of $13.2M (revenue +1163.1% year-over-year).
- 2012: Revenue of $287K, expenses of $372K, and assets of $8.6M (revenue -61.1% year-over-year).
- 2011: Revenue of $739K, expenses of $661K, and assets of $8.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hendricks Family Foundation Inc:
Data Sources and Methodology
This transparency report for Hendricks Family 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.