Huber Foundation
Huber Foundation shows strong asset growth and zero executive compensation over a decade of consistent IRS 990 filings.
EIN: 210737062 · Falmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $79.8 |
| Net Assets | $67.6M |
| Transparency Score | 95/100 |
Is Huber Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Huber Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Huber Foundation
Huber Foundation (EIN: 210737062) is a nonprofit organization based in Falmouth, ME. The organization reported total revenue of $4.3M and total assets of $79.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huber Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huber Foundation is a mid-size nonprofit that has been operating for 76 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-1,956,270 |
| Total Assets | $68.3M |
| Total Liabilities | $625K |
| Net Assets | $67.6M |
| Operating Margin | -92.3% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 201.1 months |
Financial Health Grade: B
In 2023, Huber Foundation reported a deficit of $2.0M with expenses exceeding revenue, holds 201.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Huber Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.9% | -6.1% | +14.7% |
| 2022 | -1.3% | +15.1% | -21.4% |
| 2021 | -31.5% | +25.2% | +23.0% |
| 2020 | -38.2% | +9.3% | +20.9% |
| 2019 | +380.8% | +15.0% | +24.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
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 Huber 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, Huber 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 deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led or extremely lean operational model for a foundation of this size ($79.8 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.
Strengths
The following positive indicators were identified for Huber Foundation:
- Exceptional asset growth, from $19.7 million in 2012 to $79.8 million currently, indicating strong financial management.
- Consistent 0% officer compensation across all filings, demonstrating a high dedication of resources to mission.
- Low liabilities across all reporting periods, indicating sound financial health and minimal debt.
- Consistent IRS 990 filing history (11 filings), showing a commitment to transparency and compliance.
- Strong program focus implied by the absence of executive compensation and significant asset base for grant-making.
Frequently Asked Questions about Huber Foundation
Is Huber Foundation a legitimate charity?
Huber Foundation (EIN: 210737062) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Huber Foundation spend its money?
Huber Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Huber Foundation tax-deductible?
Huber Foundation is registered as a tax-exempt nonprofit (EIN: 210737062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Huber Foundation CEO make?
Huber Foundation's highest-compensated officer earns $79.8 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Huber Foundation located?
Huber Foundation is headquartered in Falmouth, Maine and files with the IRS under EIN 210737062.
How many years of IRS 990 filings does Huber Foundation have?
Huber Foundation 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 $4.3M in total revenue.
How does the Huber Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation may be entirely volunteer-run at the executive level, or that any administrative costs, including potential compensation for non-officer staff, are categorized differently within their expenses. This is a significant indicator of resource dedication to mission.
What is the primary purpose of the Huber Foundation given its financial structure?
Based on the financial data, particularly the substantial and growing asset base and the pattern of expenses, the Huber Foundation appears to be a grant-making foundation, utilizing its endowment to fund various charitable causes. The fluctuation in annual expenses relative to revenue supports this model of strategic grant distribution.
Is the Huber Foundation financially stable for long-term impact?
Yes, the Huber Foundation demonstrates strong financial stability. Its assets have grown significantly from $19.7 million in 2012 to nearly $80 million currently, and liabilities remain consistently low. This substantial and growing endowment provides a robust base for long-term philanthropic activities.
Filing History
IRS 990 filing history for Huber Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Huber Foundation's revenue has grown by 270.3%, moving from $572K to $2.1M. Total assets increased by 298.2% over the same period, from $17.1M to $68.3M. Total functional expenses rose by 2168.2%, from $180K to $4.1M. In its most recent filing year (2023), Huber Foundation reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $625K in liabilities against $68.3M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $67.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $4.1M | $68.3M | $625K | — | — |
| 2022 | $3.6M | $4.3M | $59.5M | $474K | — | View 990 |
| 2021 | $3.7M | $3.8M | $75.7M | $205K | — | View 990 |
| 2020 | $5.4M | $3.0M | $61.6M | $123K | — | View 990 |
| 2019 | $8.7M | $2.8M | $50.9M | $93K | — | — |
| 2018 | $1.8M | $2.4M | $40.9M | $17K | — | View 990 |
| 2015 | $1.2M | $1.3M | $26.1M | $20K | — | View 990 |
| 2014 | $1.1M | $514K | $27.2M | $22K | — | View 990 |
| 2013 | $942K | $462K | $25.9M | $24K | — | View 990 |
| 2012 | $711K | $176K | $19.7M | $17K | — | View 990 |
| 2011 | $572K | $180K | $17.1M | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $4.1M, and assets of $68.3M (revenue -41.9% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.3M, and assets of $59.5M (revenue -1.3% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.8M, and assets of $75.7M (revenue -31.5% year-over-year).
- 2020: Revenue of $5.4M, expenses of $3.0M, and assets of $61.6M (revenue -38.2% year-over-year).
- 2019: Revenue of $8.7M, expenses of $2.8M, and assets of $50.9M (revenue +380.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.4M, and assets of $40.9M (revenue +52.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $26.1M (revenue +9.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $514K, and assets of $27.2M (revenue +15.5% year-over-year).
- 2013: Revenue of $942K, expenses of $462K, and assets of $25.9M (revenue +32.5% year-over-year).
- 2012: Revenue of $711K, expenses of $176K, and assets of $19.7M (revenue +24.3% year-over-year).
- 2011: Revenue of $572K, expenses of $180K, and assets of $17.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huber Foundation:
Data Sources and Methodology
This transparency report for Huber 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.