High Meadows Fund Inc
High Meadows Fund Inc. shows stable historical finances but recent data presents significant, unexplained discrepancies in revenue and assets.
EIN: 200288123 · Middlebury, VT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| Net Assets | $22.2M |
| Transparency Score | 90/100 |
Is High Meadows Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
High Meadows Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About High Meadows Fund Inc
High Meadows Fund Inc (EIN: 200288123) is a nonprofit organization based in Middlebury, VT, classified under NTEE code T20. The organization reported total revenue of $19.9M and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Meadows Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Meadows Fund Inc is a large nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-716,676 |
| Total Assets | $22.4M |
| Total Liabilities | $185K |
| Net Assets | $22.2M |
| Operating Margin | -65.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 148.3 months |
Financial Health Grade: B
In 2020, High Meadows Fund Inc reported a deficit of $717K with expenses exceeding revenue, holds 148.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2020), High Meadows Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -19.2% | -14.2% | +6.1% |
| 2019 | -14.4% | +48.9% | +15.0% |
| 2018 | +16.2% | +5.9% | -9.7% |
| 2017 | +31.7% | +10.4% | +12.4% |
| 2016 | -21.9% | -38.2% | +2.7% |
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 High Meadows Fund Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, High Meadows Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $717K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
High Meadows Fund Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 High Meadows Fund Inc's IRS 990 filings:
- Significant, unexplained discrepancy between latest reported revenue ($19,906,915) and historical revenue trends ($1-2 million).
- Drastic and unexplained drop in latest reported assets ($79,370) compared to consistent historical assets (over $16 million).
- Lack of clarity regarding how executive functions are compensated, given 0% officer compensation reported.
Strengths
The following positive indicators were identified for High Meadows Fund Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to directing funds to mission.
- Historically stable asset base (over $16 million) suggesting long-term financial security.
- Consistent revenue generation over a decade, demonstrating sustained donor or investment support.
Frequently Asked Questions about High Meadows Fund Inc
Is High Meadows Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, High Meadows Fund Inc (EIN: 200288123) some concerns. Mission Score: 90/100. 3 red flags identified, 3 strengths noted.
How does High Meadows Fund Inc spend its money?
High Meadows Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to High Meadows Fund Inc tax-deductible?
High Meadows Fund Inc is registered as a tax-exempt nonprofit (EIN: 200288123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of High Meadows Fund Inc's spending goes to programs?
High Meadows Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does High Meadows Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), High Meadows Fund Inc 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 High Meadows Fund Inc located?
High Meadows Fund Inc is headquartered in Middlebury, Vermont and files with the IRS under EIN 200288123. It is classified under NTEE code T20.
How many years of IRS 990 filings does High Meadows Fund Inc have?
High Meadows Fund Inc has 11 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 $19.9M in total revenue.
What caused the latest reported revenue of $19,906,915, which is significantly higher than historical trends?
The latest revenue figure is an anomaly compared to the typical $1-2 million annual revenue. Understanding the source (e.g., major donation, investment gain) is crucial for assessing financial stability.
Why are the latest reported assets only $79,370, a drastic decrease from previous years' assets which consistently exceeded $16 million?
This dramatic drop in assets, coupled with the high latest revenue, suggests a potential data error or a significant financial restructuring that needs clarification to accurately evaluate the organization's current financial position.
How does High Meadows Fund Inc. manage its operations without any reported officer compensation?
The consistent 0% officer compensation is unusual for an organization of this scale and suggests either a volunteer-led executive team or compensation being reported under a different category, which would require further scrutiny for full transparency.
Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), what is the primary focus of their grantmaking activities?
Understanding the specific areas or causes that High Meadows Fund Inc. supports through its grants would provide insight into its programmatic impact and alignment with its stated mission.
Filing History
IRS 990 filing history for High Meadows Fund Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2020), High Meadows Fund Inc's revenue has grown by 3.2%, moving from $1.1M to $1.1M. Total assets increased by 32.2% over the same period, from $16.9M to $22.4M. Total functional expenses rose by 145.4%, from $738K to $1.8M. In its most recent filing year (2020), High Meadows Fund Inc reported a deficit of $717K, with expenses exceeding revenue. The organization holds $185K in liabilities against $22.4M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $22.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.1M | $1.8M | $22.4M | $185K | — | — |
| 2019 | $1.4M | $2.1M | $21.1M | $482K | — | View 990 |
| 2018 | $1.6M | $1.4M | $18.3M | $300K | — | View 990 |
| 2017 | $1.4M | $1.3M | $20.3M | $329K | — | View 990 |
| 2016 | $1.0M | $1.2M | $18.1M | $601K | — | View 990 |
| 2015 | $1.3M | $2.0M | $17.6M | $751K | — | View 990 |
| 2014 | $1.4M | $1.4M | $19.0M | $534K | — | View 990 |
| 2013 | $1.1M | $1.7M | $18.9M | $445K | — | View 990 |
| 2012 | $850K | $1.3M | $17.4M | $270K | — | View 990 |
| 2011 | $1.3M | $1.1M | $16.3M | $187K | — | View 990 |
| 2010 | $1.1M | $738K | $16.9M | $162K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.1M, expenses of $1.8M, and assets of $22.4M (revenue -19.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $2.1M, and assets of $21.1M (revenue -14.4% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $18.3M (revenue +16.2% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $20.3M (revenue +31.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.2M, and assets of $18.1M (revenue -21.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $2.0M, and assets of $17.6M (revenue -6.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $19.0M (revenue +31.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.7M, and assets of $18.9M (revenue +25.8% year-over-year).
- 2012: Revenue of $850K, expenses of $1.3M, and assets of $17.4M (revenue -36.9% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.1M, and assets of $16.3M (revenue +27.0% year-over-year).
- 2010: Revenue of $1.1M, expenses of $738K, and assets of $16.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Meadows Fund Inc:
Data Sources and Methodology
This transparency report for High Meadows Fund 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.