Holt Elwell Memorial Foundation
Holt Elwell Memorial Foundation shows consistent asset growth and zero officer compensation over the past decade.
EIN: 20261932 · Hebron, NH · NTEE: N20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $5.2M |
| Transparency Score | 95/100 |
Is Holt Elwell Memorial Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holt Elwell Memorial Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holt Elwell Memorial Foundation
Holt Elwell Memorial Foundation (EIN: 20261932) is a nonprofit organization based in Hebron, NH, classified under NTEE code N20Z. The organization reported total revenue of $3.7M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holt Elwell Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holt Elwell Memorial Foundation is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$638K |
| Total Assets | $5.6M |
| Total Liabilities | $425K |
| Net Assets | $5.2M |
| Operating Margin | 28.9% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 43.2 months |
Financial Health Grade: A
In 2023, Holt Elwell Memorial Foundation reported a surplus of $638K with revenue exceeding expenses, holds 43.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holt Elwell Memorial Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.3% | +7.5% | +16.5% |
| 2022 | -42.2% | +20.9% | -18.6% |
| 2021 | +257.8% | +71.7% | +47.0% |
| 2020 | -47.3% | -42.7% | +14.9% |
| 2019 | -25.0% | -5.7% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1964 |
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 Holt Elwell Memorial Foundation 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, Holt Elwell Memorial Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $638K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for donor trust.
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 Holt Elwell Memorial Foundation:
- Consistent asset growth, nearly doubling from $2.8M in 2014 to $5.6M in 2023.
- Zero officer compensation reported across all available filings, indicating highly efficient use of funds.
- Expenses consistently lower than revenue, leading to healthy surpluses and financial stability.
- Low liabilities relative to assets, demonstrating strong financial health.
- Consistent IRS 990 filing history over 13 periods, indicating strong transparency and compliance.
Frequently Asked Questions about Holt Elwell Memorial Foundation
Is Holt Elwell Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Holt Elwell Memorial Foundation (EIN: 20261932) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Holt Elwell Memorial Foundation spend its money?
Holt Elwell Memorial Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holt Elwell Memorial Foundation tax-deductible?
Holt Elwell Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 20261932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Holt Elwell Memorial Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Holt Elwell Memorial Foundation is above average for NTEE category N20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holt Elwell Memorial Foundation located?
Holt Elwell Memorial Foundation is headquartered in Hebron, New Hampshire and files with the IRS under EIN 20261932. It is classified under NTEE code N20Z.
How many years of IRS 990 filings does Holt Elwell Memorial Foundation have?
Holt Elwell Memorial Foundation has 13 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 $3.7M in total revenue.
Is Holt Elwell Memorial Foundation a good charity?
Based on the provided financial data, Holt Elwell Memorial Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and a consistent record of zero officer compensation, suggesting efficient use of funds and a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $2,837,736 in 2014 to $5,632,141 in 2023, nearly doubling. Revenue and expenses have also generally increased, but expenses have consistently remained below revenue, leading to healthy surpluses and asset accumulation.
What is the trend in their revenue?
Revenue has shown a fluctuating but generally upward trend, with significant peaks such as $2,777,734 in 2021 and $2,204,006 in 2023, compared to $675,601 in 2014. This indicates a growing capacity to generate income, though it can be variable year-to-year.
Filing History
IRS 990 filing history for Holt Elwell Memorial Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holt Elwell Memorial Foundation's revenue has grown by 291.8%, moving from $562K to $2.2M. Total assets increased by 127.2% over the same period, from $2.5M to $5.6M. Total functional expenses rose by 183.5%, from $552K to $1.6M. In its most recent filing year (2023), Holt Elwell Memorial Foundation reported a surplus of $638K, with revenue exceeding expenses. The organization holds $425K in liabilities against $5.6M in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.6M | $5.6M | $425K | — | View 990 |
| 2022 | $1.6M | $1.5M | $4.8M | $380K | — | View 990 |
| 2021 | $2.8M | $1.2M | $5.9M | $387K | — | View 990 |
| 2020 | $776K | $702K | $4.0M | $611K | — | — |
| 2019 | $1.5M | $1.2M | $3.5M | $371K | — | View 990 |
| 2018 | $2.0M | $1.3M | $3.2M | $401K | — | View 990 |
| 2017 | $1.3M | $1.2M | $3.0M | $436K | — | — |
| 2016 | $1.0M | $926K | $2.9M | $454K | — | View 990 |
| 2015 | $795K | $798K | $2.8M | $467K | — | View 990 |
| 2014 | $676K | $775K | $2.8M | $456K | — | View 990 |
| 2013 | $625K | $695K | $2.7M | $309K | — | View 990 |
| 2012 | $538K | $661K | $2.6M | $247K | — | View 990 |
| 2011 | $562K | $552K | $2.5M | $87K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.6M, and assets of $5.6M (revenue +37.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $4.8M (revenue -42.2% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.2M, and assets of $5.9M (revenue +257.8% year-over-year).
- 2020: Revenue of $776K, expenses of $702K, and assets of $4.0M (revenue -47.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.2M, and assets of $3.5M (revenue -25.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.3M, and assets of $3.2M (revenue +56.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $3.0M (revenue +20.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $926K, and assets of $2.9M (revenue +30.3% year-over-year).
- 2015: Revenue of $795K, expenses of $798K, and assets of $2.8M (revenue +17.6% year-over-year).
- 2014: Revenue of $676K, expenses of $775K, and assets of $2.8M (revenue +8.1% year-over-year).
- 2013: Revenue of $625K, expenses of $695K, and assets of $2.7M (revenue +16.1% year-over-year).
- 2012: Revenue of $538K, expenses of $661K, and assets of $2.6M (revenue -4.3% year-over-year).
- 2011: Revenue of $562K, expenses of $552K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holt Elwell Memorial Foundation:
Data Sources and Methodology
This transparency report for Holt Elwell Memorial 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.