Hendrickson Family Foundation
Hendrickson Family Foundation maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 207449840 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $894K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $13.0M |
| Transparency Score | 90/100 |
Is Hendrickson Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hendrickson Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hendrickson Family Foundation
Hendrickson Family Foundation (EIN: 207449840) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $3.9M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hendrickson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hendrickson 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 22.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $894K |
| Surplus / Deficit | +$322K |
| Total Assets | $13.0M |
| Total Liabilities | $1 |
| Net Assets | $13.0M |
| Operating Margin | 26.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.4 months |
Financial Health Grade: A
In 2023, Hendrickson Family Foundation reported a surplus of $322K with revenue exceeding expenses, holds 174.4 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), Hendrickson Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.2% | -2.9% | +2.4% |
| 2022 | -29.1% | +9.9% | -1.9% |
| 2021 | +77.5% | -3.1% | +0.6% |
| 2020 | -17.3% | -2.1% | -2.5% |
| 2019 | +319.0% | +243.9% | +196.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Hendrickson Family Foundation with a Mission Score of 90 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, Hendrickson Family Foundation 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 $322K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation operates without paid officers or that any compensation is covered by other entities, which is highly efficient for a foundation of its size with assets exceeding $13 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 Hendrickson Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and low administrative overhead.
- Strong and stable asset base, with current assets at $13,342,652, providing long-term financial security.
- Consistent filing of IRS 990 forms, demonstrating good transparency.
- Expenses are well-controlled relative to asset size and revenue fluctuations.
- Significant long-term growth in assets from $3.4 million in 2011 to over $13 million currently.
Frequently Asked Questions about Hendrickson Family Foundation
Is Hendrickson Family Foundation a legitimate charity?
Hendrickson Family Foundation (EIN: 207449840) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hendrickson Family Foundation spend its money?
Hendrickson Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hendrickson Family Foundation tax-deductible?
Hendrickson Family Foundation is registered as a tax-exempt nonprofit (EIN: 207449840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hendrickson Family Foundation CEO make?
Hendrickson Family Foundation's highest-compensated officer earns $13 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hendrickson Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hendrickson 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 Hendrickson Family Foundation located?
Hendrickson Family Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 207449840. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hendrickson Family Foundation have?
Hendrickson 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 $3.9M in total revenue.
Is Hendrickson Family Foundation a good charity?
Based on the available data, the Hendrickson Family Foundation appears to be a very good charity, particularly due to its strong asset base ($13,342,652), consistent financial stability, and the highly efficient practice of reporting 0% officer compensation across all filings, suggesting nearly all expenses are program-related or minimal administrative overhead.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation in all IRS 990 filings. This indicates a very lean operational structure, likely with volunteers or external support covering administrative functions, allowing more funds to be directed to its mission.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the long term, increasing from $3,422,511 in 2011 to $13,342,652 in the latest period. In the more recent five years (2019-2023), assets have remained consistently strong, fluctuating between $12.6 million and $13.3 million, indicating robust financial health.
Filing History
IRS 990 filing history for Hendrickson Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hendrickson Family Foundation's revenue has grown by 1027.4%, moving from $108K to $1.2M. Total assets increased by 279.8% over the same period, from $3.4M to $13.0M. Total functional expenses rose by 333.2%, from $206K to $894K. In its most recent filing year (2023), Hendrickson Family Foundation reported a surplus of $322K, with revenue exceeding expenses. The organization holds $1 in liabilities against $13.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $894K | $13.0M | $1 | — | View 990 |
| 2022 | $675K | $921K | $12.7M | $1 | — | View 990 |
| 2021 | $953K | $838K | $12.9M | $1 | — | View 990 |
| 2020 | $537K | $866K | $12.9M | $1 | — | View 990 |
| 2019 | $649K | $885K | $13.2M | $0 | — | View 990 |
| 2015 | $155K | $257K | $4.4M | $0 | — | View 990 |
| 2014 | $147K | $235K | $4.6M | $0 | — | View 990 |
| 2013 | $1.5M | $214K | $4.5M | $0 | — | View 990 |
| 2012 | $160K | $228K | $3.4M | $0 | — | View 990 |
| 2011 | $108K | $206K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $894K, and assets of $13.0M (revenue +80.2% year-over-year).
- 2022: Revenue of $675K, expenses of $921K, and assets of $12.7M (revenue -29.1% year-over-year).
- 2021: Revenue of $953K, expenses of $838K, and assets of $12.9M (revenue +77.5% year-over-year).
- 2020: Revenue of $537K, expenses of $866K, and assets of $12.9M (revenue -17.3% year-over-year).
- 2019: Revenue of $649K, expenses of $885K, and assets of $13.2M (revenue +319.0% year-over-year).
- 2015: Revenue of $155K, expenses of $257K, and assets of $4.4M (revenue +5.0% year-over-year).
- 2014: Revenue of $147K, expenses of $235K, and assets of $4.6M (revenue -90.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $214K, and assets of $4.5M (revenue +839.9% year-over-year).
- 2012: Revenue of $160K, expenses of $228K, and assets of $3.4M (revenue +47.9% year-over-year).
- 2011: Revenue of $108K, expenses of $206K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hendrickson Family Foundation:
Data Sources and Methodology
This transparency report for Hendrickson 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.