Jacobson Memorial Hospitalfoundation
Jacobson Memorial Hospitalfoundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 208145158 · Elgin, ND · NTEE: E122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $5K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $389,036. |
| Net Assets | $295K |
| Transparency Score | 92/100 |
Is Jacobson Memorial Hospitalfoundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jacobson Memorial Hospitalfoundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jacobson Memorial Hospitalfoundation
Jacobson Memorial Hospitalfoundation (EIN: 208145158) is a nonprofit organization based in Elgin, ND, classified under NTEE code E122. The organization reported total revenue of $96K and total assets of $389K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jacobson Memorial Hospitalfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jacobson Memorial Hospitalfoundation is a micro nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $5K |
| Surplus / Deficit | +$86K |
| Total Assets | $300K |
| Total Liabilities | $5K |
| Net Assets | $295K |
| Operating Margin | 94.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 693.2 months |
Financial Health Grade: A
In 2022, Jacobson Memorial Hospitalfoundation reported a surplus of $86K with revenue exceeding expenses, holds 693.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Jacobson Memorial Hospitalfoundation's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +8.8% | -39.0% | +37.8% |
| 2021 | +20.8% | +55.2% | +63.0% |
| 2020 | -4.6% | -56.9% | -22.4% |
| 2019 | +82.7% | +12.2% | +47.7% |
| 2018 | -66.1% | +5.0% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Jacobson Memorial Hospitalfoundation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Jacobson Memorial Hospitalfoundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership serves without direct salary from the foundation, which is highly commendable for a nonprofit of its size with current assets of $389,036.
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 Jacobson Memorial Hospitalfoundation:
- Consistent asset growth, from $153,957 in 2013 to $389,036 currently, indicating strong financial management.
- Extremely low expenses relative to revenue (e.g., $5,185 expenses on $91,427 revenue in 2022), demonstrating high operational efficiency.
- 0% officer compensation reported across all filings, indicating a commitment to directing resources to the mission.
- Strong financial health with low liabilities compared to assets (e.g., $4,898 liabilities vs. $299,541 assets in 2022).
- Consistent IRS 990 filing history (12 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Jacobson Memorial Hospitalfoundation
Is Jacobson Memorial Hospitalfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jacobson Memorial Hospitalfoundation (EIN: 208145158) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Jacobson Memorial Hospitalfoundation spend its money?
Jacobson Memorial Hospitalfoundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jacobson Memorial Hospitalfoundation tax-deductible?
Jacobson Memorial Hospitalfoundation is registered as a tax-exempt nonprofit (EIN: 208145158). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jacobson Memorial Hospitalfoundation CEO make?
Jacobson Memorial Hospitalfoundation's highest-compensated officer earns $389,036. annually. The organization reported $96K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Jacobson Memorial Hospitalfoundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Jacobson Memorial Hospitalfoundation is above average for NTEE category E122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jacobson Memorial Hospitalfoundation located?
Jacobson Memorial Hospitalfoundation is headquartered in Elgin, North Dakota and files with the IRS under EIN 208145158. It is classified under NTEE code E122.
How many years of IRS 990 filings does Jacobson Memorial Hospitalfoundation have?
Jacobson Memorial Hospitalfoundation has 12 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 $96K in total revenue.
How does Jacobson Memorial Hospitalfoundation utilize its growing assets?
The provided data indicates consistent asset growth, from $153,957 in 2013 to $389,036 currently. While the specific deployment of these assets isn't detailed, their accumulation suggests a strategy to build an endowment or reserve to provide long-term support for Jacobson Memorial Hospital.
What are the primary expenses of the organization?
The organization consistently reports very low total expenses relative to its revenue. For example, in 2022, expenses were only $5,185 against $91,427 in revenue. Without a detailed breakdown, it's difficult to pinpoint exact categories, but the low figures suggest minimal operational overhead, likely covering essential administrative costs and direct program support.
Does the foundation engage in fundraising activities?
Given the consistent revenue generation (e.g., $91,427 in 2022) and the very low overall expenses, it's likely the foundation engages in some form of fundraising or receives donations. However, the expense data doesn't indicate significant dedicated fundraising costs, suggesting a highly efficient or volunteer-driven approach.
Filing History
IRS 990 filing history for Jacobson Memorial Hospitalfoundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Jacobson Memorial Hospitalfoundation's revenue has grown by 530.1%, moving from $15K to $91K. Total assets increased by 17.3% over the same period, from $255K to $300K. Total functional expenses fell by 66.6%, from $16K to $5K. In its most recent filing year (2022), Jacobson Memorial Hospitalfoundation reported a surplus of $86K, with revenue exceeding expenses. The organization holds $5K in liabilities against $300K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $295K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $91K | $5K | $300K | $5K | — | View 990 |
| 2021 | $84K | $9K | $217K | $9K | — | View 990 |
| 2020 | $70K | $5K | $133K | $510 | — | View 990 |
| 2019 | $73K | $13K | $172K | $2K | — | View 990 |
| 2018 | $40K | $11K | $116K | $7K | — | View 990 |
| 2017 | $118K | $11K | $105K | $5K | — | View 990 |
| 2016 | $86K | $7K | $121K | $1K | — | View 990 |
| 2015 | $39K | $6K | $149K | $0 | — | View 990 |
| 2014 | $60K | $10K | $140K | $0 | — | View 990 |
| 2013 | $27K | $9K | $154K | $0 | — | View 990 |
| 2012 | $24K | $51K | $155K | $0 | — | View 990 |
| 2011 | $15K | $16K | $255K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $91K, expenses of $5K, and assets of $300K (revenue +8.8% year-over-year).
- 2021: Revenue of $84K, expenses of $9K, and assets of $217K (revenue +20.8% year-over-year).
- 2020: Revenue of $70K, expenses of $5K, and assets of $133K (revenue -4.6% year-over-year).
- 2019: Revenue of $73K, expenses of $13K, and assets of $172K (revenue +82.7% year-over-year).
- 2018: Revenue of $40K, expenses of $11K, and assets of $116K (revenue -66.1% year-over-year).
- 2017: Revenue of $118K, expenses of $11K, and assets of $105K (revenue +36.8% year-over-year).
- 2016: Revenue of $86K, expenses of $7K, and assets of $121K (revenue +119.5% year-over-year).
- 2015: Revenue of $39K, expenses of $6K, and assets of $149K (revenue -35.0% year-over-year).
- 2014: Revenue of $60K, expenses of $10K, and assets of $140K (revenue +125.2% year-over-year).
- 2013: Revenue of $27K, expenses of $9K, and assets of $154K (revenue +12.8% year-over-year).
- 2012: Revenue of $24K, expenses of $51K, and assets of $155K (revenue +63.6% year-over-year).
- 2011: Revenue of $15K, expenses of $16K, and assets of $255K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jacobson Memorial Hospitalfoundation:
Data Sources and Methodology
This transparency report for Jacobson Memorial Hospitalfoundation 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.