Hilliard Family Foundation Inc
Hilliard Family Foundation maintains stable assets despite volatile revenue and no officer compensation.
EIN: 200511708 · Greenville, SC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $349K |
| Total Expenses | $109K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Hilliard Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hilliard Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hilliard Family Foundation Inc
Hilliard Family Foundation Inc (EIN: 200511708) is a nonprofit organization based in Greenville, SC, classified under NTEE code T20. The organization reported total revenue of $349K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hilliard Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hilliard Family Foundation Inc is a small nonprofit that has been operating for 22 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 | $65K |
| Total Expenses | $109K |
| Surplus / Deficit | $-43,408 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -66.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 140.3 months |
Financial Health Grade: B
In 2023, Hilliard Family Foundation Inc reported a deficit of $43K with expenses exceeding revenue, holds 140.3 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 |
|---|---|---|---|
| 2023 | +34.9% | -19.0% | -3.3% |
| 2022 | -69.3% | +73.1% | -6.1% |
| 2021 | -5.5% | -31.7% | +5.9% |
| 2020 | +115.6% | +4.2% | +6.9% |
| 2019 | -14.3% | +60.4% | -10.3% |
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 Hilliard Family Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Hilliard Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $1 million in assets.
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 Hilliard Family Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in two periods (2011, 2012), indicates an unpredictable funding model.
- Expenses exceeded revenue in 2023 ($108,534 expenses vs. $65,126 revenue) and 2022 ($133,945 expenses vs. $48,276 revenue), leading to a draw on assets.
Strengths
The following positive indicators were identified for Hilliard Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating highly efficient use of funds at the executive level.
- Very low liabilities ($0 or $1 across all filings) demonstrating a strong balance sheet and financial health.
- Stable asset base of over $1.2 million in recent years, providing a solid financial foundation.
- Consistent IRS 990 filing history over a decade, indicating good compliance and transparency.
Frequently Asked Questions about Hilliard Family Foundation Inc
Is Hilliard Family Foundation Inc a legitimate charity?
Hilliard Family Foundation Inc (EIN: 200511708) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $349K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hilliard Family Foundation Inc spend its money?
Hilliard Family Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hilliard Family Foundation Inc tax-deductible?
Hilliard Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200511708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hilliard Family Foundation Inc CEO make?
Hilliard Family Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $349K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hilliard Family Foundation Inc's spending goes to programs?
Hilliard Family Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hilliard Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hilliard Family Foundation 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 Hilliard Family Foundation Inc located?
Hilliard Family Foundation Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 200511708. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hilliard Family Foundation Inc have?
Hilliard 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 $349K in total revenue.
Is Hilliard Family Foundation Inc. a good charity?
The Hilliard Family Foundation Inc. appears to be a financially stable organization with minimal liabilities and a consistent asset base. The absence of officer compensation is a strong positive indicator of efficient resource allocation at the top. However, without detailed program expense breakdowns, it's challenging to fully assess the direct impact of its grantmaking activities.
What caused the negative revenue in 2011 and 2012?
The IRS 990 filings show negative revenue of $-270,516 in 2011 and $-278,627 in 2012. This could be due to significant investment losses, large returns of contributions, or other non-operating adjustments, which would require a deeper dive into the specific forms to understand fully.
How does the foundation sustain itself with fluctuating revenue?
Despite significant revenue fluctuations, including periods of negative revenue, the foundation has maintained a stable asset base of over $1 million. This suggests that its operations are likely supported by its existing endowment or investment income, rather than solely relying on annual contributions.
Filing History
IRS 990 filing history for Hilliard Family Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 0.8% over the same period, from $1.3M to $1.3M. Total functional expenses rose by 157.1%, from $42K to $109K. In its most recent filing year (2023), Hilliard Family Foundation Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $109K | $1.3M | $1 | — | View 990 |
| 2022 | $48K | $134K | $1.3M | $1 | — | View 990 |
| 2021 | $157K | $77K | $1.4M | $1 | — | View 990 |
| 2020 | $167K | $113K | $1.3M | $1 | — | View 990 |
| 2019 | $77K | $109K | $1.2M | $1 | — | View 990 |
| 2015 | $90K | $68K | $1.4M | $0 | — | View 990 |
| 2014 | $452K | $57K | $1.4M | $0 | — | View 990 |
| 2013 | $54K | $50K | $959K | $0 | — | View 990 |
| 2012 | $-278,627 | $45K | $955K | $0 | — | View 990 |
| 2011 | $-270,516 | $42K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $109K, and assets of $1.3M (revenue +34.9% year-over-year).
- 2022: Revenue of $48K, expenses of $134K, and assets of $1.3M (revenue -69.3% year-over-year).
- 2021: Revenue of $157K, expenses of $77K, and assets of $1.4M (revenue -5.5% year-over-year).
- 2020: Revenue of $167K, expenses of $113K, and assets of $1.3M (revenue +115.6% year-over-year).
- 2019: Revenue of $77K, expenses of $109K, and assets of $1.2M (revenue -14.3% year-over-year).
- 2015: Revenue of $90K, expenses of $68K, and assets of $1.4M (revenue -80.0% year-over-year).
- 2014: Revenue of $452K, expenses of $57K, and assets of $1.4M (revenue +734.2% year-over-year).
- 2013: Revenue of $54K, expenses of $50K, and assets of $959K.
- 2012: Revenue of $-278,627, expenses of $45K, and assets of $955K.
- 2011: Revenue of $-270,516, expenses of $42K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hilliard Family Foundation Inc:
Data Sources and Methodology
This transparency report for Hilliard 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.