Jeffrey S And Helen H Cardon Foundation
Jeffrey S And Helen H Cardon Foundation maintains substantial assets and zero officer compensation, focusing on grantmaking.
EIN: 202029087 · Salt Lake Cty, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.6M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $27 |
| Net Assets | $27.8M |
| Transparency Score | 92/100 |
Is Jeffrey S And Helen H Cardon Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jeffrey S And Helen H Cardon Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jeffrey S And Helen H Cardon Foundation
Jeffrey S And Helen H Cardon Foundation (EIN: 202029087) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $27.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jeffrey S And Helen H Cardon Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jeffrey S And Helen H Cardon Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-1,357,480 |
| Total Assets | $27.8M |
| Total Liabilities | $1 |
| Net Assets | $27.8M |
| Operating Margin | -513.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 205.5 months |
Financial Health Grade: B
In 2023, Jeffrey S And Helen H Cardon Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 205.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jeffrey S And Helen H Cardon Foundation's revenue has declined at a compound annual growth rate (CAGR) of -14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.5% | -23.7% | -4.7% |
| 2022 | -58.8% | +35.6% | -2.1% |
| 2021 | +11.4% | +1.2% | +7.6% |
| 2020 | +8.6% | +11.1% | +6.8% |
| 2019 | -39.2% | +116.7% | +58.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Jeffrey S And Helen H Cardon Foundation 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, Jeffrey S And Helen H Cardon Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, 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 receive salaries from the foundation. This is highly favorable, suggesting that all operational costs are minimal and resources are maximized for programmatic giving, especially for an organization with assets exceeding $27 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.
Strengths
The following positive indicators were identified for Jeffrey S And Helen H Cardon Foundation:
- Consistently reported 0% officer compensation, indicating high efficiency and direct program focus.
- Substantial and growing asset base, reaching $27,777,124 in 2023, providing long-term stability.
- Extremely low liabilities (consistently $0 or $1), demonstrating excellent financial management.
- As a private foundation, its structure inherently prioritizes grantmaking and direct charitable impact.
- Strong historical asset growth from $7.2M in 2011 to $27.7M in 2023.
Frequently Asked Questions about Jeffrey S And Helen H Cardon Foundation
Is Jeffrey S And Helen H Cardon Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jeffrey S And Helen H Cardon Foundation (EIN: 202029087) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Jeffrey S And Helen H Cardon Foundation spend its money?
Jeffrey S And Helen H Cardon Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jeffrey S And Helen H Cardon Foundation tax-deductible?
Jeffrey S And Helen H Cardon Foundation is registered as a tax-exempt nonprofit (EIN: 202029087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jeffrey S And Helen H Cardon Foundation CEO make?
Jeffrey S And Helen H Cardon Foundation's highest-compensated officer earns $27 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Jeffrey S And Helen H Cardon Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Jeffrey S And Helen H Cardon Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jeffrey S And Helen H Cardon Foundation located?
Jeffrey S And Helen H Cardon Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 202029087. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jeffrey S And Helen H Cardon Foundation have?
Jeffrey S And Helen H Cardon Foundation 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 $1.2M in total revenue.
Is the Jeffrey S And Helen H Cardon Foundation a good charity?
Yes, based on the provided data, it appears to be a very good charity. It's a private foundation with substantial assets ($27,777,124 in 2023), consistently reports 0% officer compensation, and maintains extremely low liabilities, indicating strong financial health and a high focus on its mission through grantmaking.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation. This suggests very low overhead, allowing a significant portion of its expenses to directly fund its programmatic activities.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over time, increasing from $7,247,095 in 2011 to $27,777,124 in 2023, demonstrating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for Jeffrey S And Helen H Cardon Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jeffrey S And Helen H Cardon Foundation's revenue has declined by 84.5%, moving from $1.7M to $265K. Total assets increased by 283.3% over the same period, from $7.2M to $27.8M. Total functional expenses rose by 600.2%, from $232K to $1.6M. In its most recent filing year (2023), Jeffrey S And Helen H Cardon Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $27.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265K | $1.6M | $27.8M | $1 | — | — |
| 2022 | $1.5M | $2.1M | $29.1M | $1 | — | — |
| 2021 | $3.7M | $1.6M | $29.7M | $1 | — | View 990 |
| 2020 | $3.3M | $1.5M | $27.6M | $1 | — | View 990 |
| 2019 | $3.0M | $1.4M | $25.9M | $1 | — | View 990 |
| 2015 | $5.0M | $643K | $16.3M | $1 | — | View 990 |
| 2014 | $3.6M | $499K | $13.3M | $1 | — | View 990 |
| 2013 | $1.8M | $384K | $10.2M | $1 | — | View 990 |
| 2012 | $1.8M | $283K | $8.7M | $0 | — | View 990 |
| 2011 | $1.7M | $232K | $7.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265K, expenses of $1.6M, and assets of $27.8M (revenue -82.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $2.1M, and assets of $29.1M (revenue -58.8% year-over-year).
- 2021: Revenue of $3.7M, expenses of $1.6M, and assets of $29.7M (revenue +11.4% year-over-year).
- 2020: Revenue of $3.3M, expenses of $1.5M, and assets of $27.6M (revenue +8.6% year-over-year).
- 2019: Revenue of $3.0M, expenses of $1.4M, and assets of $25.9M (revenue -39.2% year-over-year).
- 2015: Revenue of $5.0M, expenses of $643K, and assets of $16.3M (revenue +39.7% year-over-year).
- 2014: Revenue of $3.6M, expenses of $499K, and assets of $13.3M (revenue +93.6% year-over-year).
- 2013: Revenue of $1.8M, expenses of $384K, and assets of $10.2M (revenue +4.1% year-over-year).
- 2012: Revenue of $1.8M, expenses of $283K, and assets of $8.7M (revenue +4.4% year-over-year).
- 2011: Revenue of $1.7M, expenses of $232K, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jeffrey S And Helen H Cardon Foundation:
Data Sources and Methodology
This transparency report for Jeffrey S And Helen H Cardon 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.