Korver Huisman Charitable Foundation
Korver Huisman Charitable Foundation shows inconsistent revenue and declining assets, with minimal recent expenses.
EIN: 200125973 · Orange City, IA · NTEE: T20 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $1K |
| Program Spending | 90% |
| Net Assets | $26K |
| Transparency Score | 65/100 |
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Korver Huisman Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Korver Huisman Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Korver Huisman Charitable Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $26K and expenses of $1K.
Revenue and Expenses
Korver Huisman Charitable Foundation reported $26K in revenue and $1K in expenses, a surplus of $25K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.
Is Korver Huisman Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1K (90%) |
Across stored filings, Korver Huisman Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 4 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Latinas Unidas Por Un Nuevo Amanecer | Iowa and Philanthropy context |
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Korver Huisman Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Korver Huisman Charitable Foundation
Korver Huisman Charitable Foundation (EIN: 200125973) is a nonprofit organization based in Orange City, IA, classified under NTEE code T20. The organization reported total revenue of $3K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korver Huisman Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Korver Huisman Charitable Foundation is a micro nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $1K |
| Surplus / Deficit | +$25K |
| Total Assets | $26K |
| Total Liabilities | $1 |
| Net Assets | $26K |
| Operating Margin | 95.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 241.9 months |
Financial Health Grade: A
In 2023, Korver Huisman Charitable Foundation reported a surplus of $25K with revenue exceeding expenses, holds 241.9 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), Korver Huisman Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2575.5% | -29.1% | +1567.0% |
| 2022 | +34.2% | -44.6% | -35.5% |
| 2021 | +114.5% | +80.7% | -51.5% |
| 2020 | -22.3% | -46.2% | -22.9% |
| 2019 | -75.4% | -51.1% | -84.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Korver Huisman Charitable Foundation with a Mission Score of 65 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Korver Huisman Charitable 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 $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors receive salaries from the organization, which is positive for donor confidence.
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 Korver Huisman Charitable Foundation's IRS 990 filings:
- Significant decline in assets from $168,837 in 2011 to $26,306 in 2023.
- Inconsistent revenue generation and periods of significant deficits in prior years (e.g., 202212, 202112).
- Unusual consistent reporting of $1 in liabilities across all filings.
- Very low expenses in recent years ($1,305 in 2023) could indicate minimal program activity relative to its potential.
Strengths
The following positive indicators were identified for Korver Huisman Charitable Foundation:
- Zero officer compensation reported across all filings, indicating strong financial transparency regarding executive pay.
- Very low administrative overhead based on the minimal expenses reported in recent years (e.g., $1,305 total expenses in 2023).
- Positive net income in the latest filing period (202312) with revenue of $26,033 against expenses of $1,305.
Frequently Asked Questions about Korver Huisman Charitable Foundation
Is Korver Huisman Charitable Foundation a legitimate charity?
Korver Huisman Charitable Foundation (EIN: 200125973) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $3K. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Korver Huisman Charitable Foundation spend its money?
Korver Huisman Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Korver Huisman Charitable Foundation tax-deductible?
Korver Huisman Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 200125973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Korver Huisman Charitable Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Korver Huisman Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Korver Huisman Charitable Foundation located?
Korver Huisman Charitable Foundation is headquartered in Orange City, Iowa and files with the IRS under EIN 200125973. It is classified under NTEE code T20.
How many years of IRS 990 filings does Korver Huisman Charitable Foundation have?
Korver Huisman Charitable 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 $3K in total revenue.
Why have the organization's assets declined significantly from $168,837 in 2011 to $26,306 in 2023?
The consistent decline in assets suggests either a deliberate strategy to spend down an endowment or a lack of investment growth and new capital contributions over the past decade.
What is the nature of the 'Liabilities=$1' reported across all filings?
The consistent reporting of $1 in liabilities is unusual and could indicate a placeholder, a minor recurring administrative fee, or an accounting anomaly that warrants clarification.
What specific programs did the foundation fund with its $1,305 in expenses in 2023?
Without a detailed breakdown of expenses, it is unclear how the minimal expenses in 2023 were allocated to specific charitable programs or administrative costs.
How does the foundation plan to address its inconsistent revenue generation in prior years?
The foundation has experienced significant fluctuations in revenue, with periods of substantial deficits. A clear strategy for sustainable funding would be beneficial.
Filing History
IRS 990 filing history for Korver Huisman Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Korver Huisman Charitable Foundation's revenue has grown by 111.5%, moving from $12K to $26K. Total assets decreased by 84.4% over the same period, from $169K to $26K. Total functional expenses fell by 94.7%, from $24K to $1K. In its most recent filing year (2023), Korver Huisman Charitable Foundation reported a surplus of $25K, with revenue exceeding expenses. The organization holds $1 in liabilities against $26K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $1K | $26K | $1 | — | — |
| 2022 | $973 | $2K | $2K | $1 | — | — |
| 2021 | $725 | $3K | $2K | $1 | — | — |
| 2020 | $338 | $2K | $5K | $1 | — | — |
| 2019 | $435 | $3K | $7K | $1 | — | View 990 |
| 2015 | $2K | $7K | $43K | $1 | — | View 990 |
| 2014 | $3K | $12K | $48K | $1 | — | View 990 |
| 2013 | $2K | $13K | $58K | $1 | — | View 990 |
| 2012 | $8K | $107K | $69K | $1 | — | View 990 |
| 2011 | $12K | $24K | $169K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $1K, and assets of $26K (revenue +2575.5% year-over-year).
- 2022: Revenue of $973, expenses of $2K, and assets of $2K (revenue +34.2% year-over-year).
- 2021: Revenue of $725, expenses of $3K, and assets of $2K (revenue +114.5% year-over-year).
- 2020: Revenue of $338, expenses of $2K, and assets of $5K (revenue -22.3% year-over-year).
- 2019: Revenue of $435, expenses of $3K, and assets of $7K (revenue -75.4% year-over-year).
- 2015: Revenue of $2K, expenses of $7K, and assets of $43K (revenue -29.6% year-over-year).
- 2014: Revenue of $3K, expenses of $12K, and assets of $48K (revenue +13.8% year-over-year).
- 2013: Revenue of $2K, expenses of $13K, and assets of $58K (revenue -71.2% year-over-year).
- 2012: Revenue of $8K, expenses of $107K, and assets of $69K (revenue -37.8% year-over-year).
- 2011: Revenue of $12K, expenses of $24K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Korver Huisman Charitable Foundation:
Data Sources and Methodology
This transparency report for Korver Huisman Charitable 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.