Herak Foundation
EIN: 911621226 · Priest Lake, ID · NTEE: B82Z
| Metric | Value |
|---|---|
| Total Revenue | $461K |
| Total Expenses | $39K |
| Net Assets | $320K |
Is Herak Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Herak Foundation
Herak Foundation (EIN: 911621226) is a nonprofit organization based in Priest Lake, ID, classified under NTEE code B82Z. The organization reported total revenue of $461K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herak Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herak Foundation is a small nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $39K |
| Surplus / Deficit | $-22,929 |
| Total Assets | $320K |
| Total Liabilities | $1 |
| Net Assets | $320K |
| Operating Margin | -140.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 97.8 months |
Financial Health Grade: B
In 2023, Herak Foundation reported a deficit of $23K with expenses exceeding revenue, holds 97.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -566.6% | +0.1% | -20.5% |
| 2020 | -141.5% | +1.9% | -9.2% |
| 2019 | -12.5% | -40.2% | -24.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Herak Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Herak Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Herak Foundation
Is Herak Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Herak Foundation (EIN: 911621226) insufficient data. 0 red flags identified, 0 strengths noted.
How does Herak Foundation spend its money?
Detailed spending breakdown data is not yet available for Herak Foundation. Check back for updated IRS 990 analysis.
Are donations to Herak Foundation tax-deductible?
Herak Foundation is registered as a tax-exempt nonprofit (EIN: 911621226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Herak Foundation located?
Herak Foundation is headquartered in Priest Lake, Idaho and files with the IRS under EIN 911621226. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Herak Foundation have?
Herak 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 $461K in total revenue.
Filing History
IRS 990 filing history for Herak Foundation showing financial trends over 10 years of public records:
Total assets decreased by 63.4% over the same period, from $874K to $320K. Total functional expenses fell by 77.8%, from $177K to $39K. In its most recent filing year (2023), Herak Foundation reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $320K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $320K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $39K | $320K | $1 | — | — |
| 2022 | $-49,257 | $39K | $340K | $1 | — | View 990 |
| 2021 | $11K | $39K | $428K | $1 | — | — |
| 2020 | $-9,512 | $44K | $470K | $1 | — | — |
| 2019 | $23K | $43K | $517K | $0 | — | View 990 |
| 2015 | $26K | $72K | $687K | $0 | — | View 990 |
| 2014 | $31K | $68K | $729K | $0 | — | View 990 |
| 2013 | $20K | $83K | $763K | $0 | — | View 990 |
| 2012 | $39K | $87K | $825K | $0 | — | View 990 |
| 2011 | $-13,944 | $177K | $874K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $39K, and assets of $320K.
- 2022: Revenue of $-49,257, expenses of $39K, and assets of $340K (revenue -566.6% year-over-year).
- 2021: Revenue of $11K, expenses of $39K, and assets of $428K.
- 2020: Revenue of $-9,512, expenses of $44K, and assets of $470K (revenue -141.5% year-over-year).
- 2019: Revenue of $23K, expenses of $43K, and assets of $517K (revenue -12.5% year-over-year).
- 2015: Revenue of $26K, expenses of $72K, and assets of $687K (revenue -16.7% year-over-year).
- 2014: Revenue of $31K, expenses of $68K, and assets of $729K (revenue +57.8% year-over-year).
- 2013: Revenue of $20K, expenses of $83K, and assets of $763K (revenue -49.2% year-over-year).
- 2012: Revenue of $39K, expenses of $87K, and assets of $825K.
- 2011: Revenue of $-13,944, expenses of $177K, and assets of $874K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herak Foundation:
Data Sources and Methodology
This transparency report for Herak 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.