Highstead Fund Inc
Highstead Fund Inc maintains robust asset growth and minimal liabilities with no reported officer compensation.
EIN: 205823379 · Palm Beach, FL · NTEE: T20 · Updated: 2026-03-28
Is Highstead Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Highstead Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Highstead Fund Inc
Highstead Fund Inc (EIN: 205823379) is a nonprofit organization based in Palm Beach, FL, classified under NTEE code T20. The organization reported total revenue of $8.6M and total assets of $41.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highstead Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Highstead Fund Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Highstead Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Highstead Fund Inc consistently reports 0% officer compensation across all ten available filings, indicating that no salaries are paid to its officers. This suggests a highly efficient operational model, potentially relying on volunteer leadership or external, non-compensated management, which significantly reduces administrative overhead.
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 Highstead Fund Inc:
- Consistent asset growth, from $10.3M in 2011 to $41.6M currently.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Extremely low liabilities, often $0 or $1, demonstrating strong financial health.
- Generally operates with a surplus, with revenue exceeding expenses in most periods.
- Strong program focus due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Highstead Fund Inc
Is Highstead Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Highstead Fund Inc (EIN: 205823379) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Highstead Fund Inc spend its money?
Highstead Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Highstead Fund Inc tax-deductible?
Highstead Fund Inc is registered as a tax-exempt nonprofit (EIN: 205823379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Highstead Fund Inc a good charity?
Based on the available financial data, Highstead Fund Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, extremely low liabilities, and a remarkable 0% officer compensation, suggesting a high degree of efficiency and program focus.
How has Highstead Fund Inc's asset base changed over time?
Highstead Fund Inc has shown significant asset growth, increasing from $10,302,148 in 201107 to $41,681,896 in the latest period, indicating strong financial stewardship and accumulation of resources.
What is the trend in Highstead Fund Inc's revenue?
Highstead Fund Inc's revenue has fluctuated, with periods of high revenue (e.g., $9,088,722 in 201107, $6,502,730 in 201407) and a notable negative revenue period in 202207 ($-569,525), but generally shows a healthy inflow supporting its operations and asset growth.
What is the organization's liability situation?
Highstead Fund Inc maintains an exceptionally low liability profile, with liabilities frequently reported as $1 or $0 across multiple filing periods, indicating very strong financial stability and minimal debt.
How efficient is Highstead Fund Inc's spending?
The organization appears highly efficient, especially given the 0% officer compensation reported across all filings. This suggests that a very high proportion of its expenses are directed towards its programs and core mission, with minimal overhead for executive salaries.
Filing History
IRS 990 filing history for Highstead Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), Highstead Fund Inc's revenue has declined by 75%, moving from $9.1M to $2.3M. Total assets increased by 286.9% over the same period, from $10.3M to $39.9M. Total functional expenses rose by 499.5%, from $320K to $1.9M. In its most recent filing year (2024), Highstead Fund Inc reported a surplus of $357K, with revenue exceeding expenses. The organization holds $1 in liabilities against $39.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $39.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $1.9M | $39.9M | $1 | — | View 990 |
| 2023 | $3.4M | $1.8M | $35.0M | $1 | — | View 990 |
| 2022 | $-569,525 | $2.0M | $31.3M | $46K | — | View 990 |
| 2021 | $4.1M | $1.8M | $36.3M | $1 | — | View 990 |
| 2020 | $4.0M | $1.9M | $31.3M | $1 | — | View 990 |
| 2015 | $1.2M | $1.3M | $20.8M | $0 | — | View 990 |
| 2014 | $6.5M | $1.0M | $21.2M | $0 | — | View 990 |
| 2013 | $6.5M | $698K | $16.9M | $0 | — | View 990 |
| 2012 | $1.1M | $595K | $11.8M | $0 | — | View 990 |
| 2011 | $9.1M | $320K | $10.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.3M, expenses of $1.9M, and assets of $39.9M (revenue -34.1% year-over-year).
- 2023: Revenue of $3.4M, expenses of $1.8M, and assets of $35.0M.
- 2022: Revenue of $-569,525, expenses of $2.0M, and assets of $31.3M (revenue -113.8% year-over-year).
- 2021: Revenue of $4.1M, expenses of $1.8M, and assets of $36.3M (revenue +3.5% year-over-year).
- 2020: Revenue of $4.0M, expenses of $1.9M, and assets of $31.3M (revenue +223.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $20.8M (revenue -81.1% year-over-year).
- 2014: Revenue of $6.5M, expenses of $1.0M, and assets of $21.2M (revenue +0.5% year-over-year).
- 2013: Revenue of $6.5M, expenses of $698K, and assets of $16.9M (revenue +492.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $595K, and assets of $11.8M (revenue -88.0% year-over-year).
- 2011: Revenue of $9.1M, expenses of $320K, and assets of $10.3M.
Data Sources and Methodology
This transparency report for Highstead 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.