James And Pauline Hackbarth Foundation Inc
James And Pauline Hackbarth Foundation consistently spends more than its annual revenue, drawing on substantial assets.
EIN: 200521089 · Ocean Isl Bch, NC · NTEE: T22 · Updated: 2026-03-28
Is James And Pauline Hackbarth Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James And Pauline Hackbarth Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James And Pauline Hackbarth Foundation Inc
James And Pauline Hackbarth Foundation Inc (EIN: 200521089) is a nonprofit organization based in Ocean Isl Bch, NC, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James And Pauline Hackbarth Foundation 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 James And Pauline Hackbarth 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, James And Pauline Hackbarth Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly efficient for an organization with assets exceeding $4.9 million.
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 James And Pauline Hackbarth Foundation Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 202406: Revenue=$162,462, Expenses=$616,380).
- Reliance on asset drawdowns to cover operational costs, which may not be sustainable indefinitely.
- Lack of detailed functional expense breakdowns in the provided data, making it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for James And Pauline Hackbarth Foundation Inc:
- Substantial asset base (over $4.9 million as of 202406) provides financial stability.
- Zero reported officer compensation across all filings, indicating highly efficient leadership costs.
- Minimal liabilities ($1 reported in most recent filings) suggests a healthy balance sheet.
- Consistent filing history (10 filings) demonstrates transparency in reporting to the IRS.
Frequently Asked Questions about James And Pauline Hackbarth Foundation Inc
Is James And Pauline Hackbarth Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, James And Pauline Hackbarth Foundation Inc (EIN: 200521089) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does James And Pauline Hackbarth Foundation Inc spend its money?
James And Pauline Hackbarth Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to James And Pauline Hackbarth Foundation Inc tax-deductible?
James And Pauline Hackbarth Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200521089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the James And Pauline Hackbarth Foundation Inc. sustain its operations given its recurring operational deficits?
The foundation appears to sustain its operations by drawing down on its substantial asset base, which has consistently been above $4.8 million over the past decade, as evidenced by the 202406 assets of $4,959,822 despite expenses exceeding revenue by over $450,000 in that period.
What is the long-term strategy for managing the consistent spending exceeding revenue?
The provided data does not detail the foundation's long-term strategy for managing its consistent operational deficits. However, the trend suggests a reliance on its endowment or investment returns to cover the gap between revenue and expenses.
What are the specific program areas or beneficiaries of the foundation's spending?
The NTEE code T22 indicates the foundation is involved in 'Private Grantmaking Foundations'. However, the provided financial data does not specify the particular program areas or beneficiaries of its grants or direct spending.
Does the foundation have any fundraising activities, given the low estimated fundraising percentage?
While a small percentage (estimated at 5%) is allocated to fundraising in the spending breakdown, the consistent operational deficits suggest that the foundation primarily relies on its existing assets and investment income rather than active external fundraising campaigns.
Filing History
IRS 990 filing history for James And Pauline Hackbarth Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), James And Pauline Hackbarth Foundation Inc's revenue has declined by 12.2%, moving from $185K to $162K. Total assets decreased by 5.9% over the same period, from $5.3M to $5.0M. Total functional expenses rose by 55.9%, from $395K to $616K. In its most recent filing year (2024), James And Pauline Hackbarth Foundation Inc reported a deficit of $454K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $162K | $616K | $5.0M | $1 | — | — |
| 2023 | $592K | $566K | $5.2M | $1 | — | View 990 |
| 2022 | $1.0M | $447K | $5.2M | $1 | — | View 990 |
| 2021 | $185K | $308K | $6.0M | $1 | — | View 990 |
| 2020 | $123K | $274K | $4.9M | $1 | — | View 990 |
| 2019 | $221K | $413K | $5.2M | $1 | — | View 990 |
| 2015 | $460K | $454K | $5.1M | $1 | — | View 990 |
| 2014 | $374K | $577K | $5.4M | $1 | — | View 990 |
| 2013 | $336K | $522K | $5.3M | $1 | — | View 990 |
| 2012 | $185K | $395K | $5.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $162K, expenses of $616K, and assets of $5.0M (revenue -72.6% year-over-year).
- 2023: Revenue of $592K, expenses of $566K, and assets of $5.2M (revenue -40.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $447K, and assets of $5.2M (revenue +440.1% year-over-year).
- 2021: Revenue of $185K, expenses of $308K, and assets of $6.0M (revenue +50.6% year-over-year).
- 2020: Revenue of $123K, expenses of $274K, and assets of $4.9M (revenue -44.4% year-over-year).
- 2019: Revenue of $221K, expenses of $413K, and assets of $5.2M (revenue -51.9% year-over-year).
- 2015: Revenue of $460K, expenses of $454K, and assets of $5.1M (revenue +23.0% year-over-year).
- 2014: Revenue of $374K, expenses of $577K, and assets of $5.4M (revenue +11.2% year-over-year).
- 2013: Revenue of $336K, expenses of $522K, and assets of $5.3M (revenue +81.7% year-over-year).
- 2012: Revenue of $185K, expenses of $395K, and assets of $5.3M.
Data Sources and Methodology
This transparency report for James And Pauline Hackbarth 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.