L & S Hayward Foundation
L & S Hayward Foundation maintains substantial assets and no executive compensation despite fluctuating revenues.
EIN: 203978913 · Scottsdale, AZ · NTEE: T20 · Updated: 2026-03-28
Is L & S Hayward Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
L & S Hayward Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About L & S Hayward Foundation
L & S Hayward Foundation (EIN: 203978913) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T20. The organization reported total revenue of $71K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L & S Hayward Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L & S Hayward Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $88K |
| Surplus / Deficit | $-26,915 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -44.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 260.1 months |
Financial Health Grade: B
In 2023, L & S Hayward Foundation reported a deficit of $27K with expenses exceeding revenue, holds 260.1 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), L & S Hayward Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +367.5% | +90.0% | -0.6% |
| 2022 | -99.3% | -79.5% | -1.7% |
| 2020 | -101.1% | -72.4% | -3.5% |
| 2019 | +4286.0% | -50.1% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 L & S Hayward 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, L & S Hayward 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 $27K, 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 officer salaries are paid, which is highly commendable for an organization of its size with assets approaching $2 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 L & S Hayward Foundation's IRS 990 filings:
- Highly volatile annual revenue, making year-over-year operational budgeting potentially challenging.
Strengths
The following positive indicators were identified for L & S Hayward Foundation:
- Consistent absence of officer compensation across all filings, indicating high efficiency in resource allocation.
- Significant growth in assets from $329,104 in 2011 to $1,901,699 currently, demonstrating strong financial stewardship.
- Consistently low liabilities ($0 or $1), indicating sound financial management and minimal debt.
- Regular and consistent filing of IRS Form 990s, enhancing transparency.
- Strong asset base relative to annual expenses, providing financial stability.
Frequently Asked Questions about L & S Hayward Foundation
Is L & S Hayward Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, L & S Hayward Foundation (EIN: 203978913) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does L & S Hayward Foundation spend its money?
L & S Hayward Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to L & S Hayward Foundation tax-deductible?
L & S Hayward Foundation is registered as a tax-exempt nonprofit (EIN: 203978913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is L & S Hayward Foundation a good charity?
Based on the available IRS 990 data, the L & S Hayward Foundation appears to be a well-managed private grantmaking foundation. It has substantial assets ($1,901,699), consistently low liabilities, and reports no officer compensation, indicating that its resources are directed towards its charitable purpose. Its financial health is stable, and its transparency is high due to consistent filings.
How does the foundation manage its assets?
The foundation has demonstrated effective asset management, growing its assets from $329,104 in 2011 to $1,901,699 currently. This growth, despite fluctuating revenues, suggests prudent investment strategies and financial stewardship.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly volatile, ranging from a negative revenue of $-3,466 in 2020 to a significant peak of $1,814,187 in 2021. This fluctuation is not uncommon for foundations that may receive large, infrequent contributions or experience investment gains/losses.
Filing History
IRS 990 filing history for L & S Hayward Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), L & S Hayward Foundation's revenue has declined by 38.9%, moving from $100K to $61K. Total assets increased by 479.9% over the same period, from $329K to $1.9M. Total functional expenses rose by 491.8%, from $15K to $88K. In its most recent filing year (2023), L & S Hayward Foundation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $88K | $1.9M | $1 | — | — |
| 2022 | $13K | $46K | $1.9M | $1 | — | — |
| 2021 | $1.8M | $226K | $2.0M | $1 | — | — |
| 2020 | $-3,466 | $12K | $366K | $1 | — | View 990 |
| 2019 | $304K | $43K | $379K | $0 | — | View 990 |
| 2015 | $7K | $87K | $349K | $0 | — | View 990 |
| 2014 | $45 | $61K | $429K | $0 | — | View 990 |
| 2013 | $49 | $15K | $490K | $0 | — | View 990 |
| 2012 | $200K | $24K | $505K | $0 | — | View 990 |
| 2011 | $100K | $15K | $329K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $88K, and assets of $1.9M (revenue +367.5% year-over-year).
- 2022: Revenue of $13K, expenses of $46K, and assets of $1.9M (revenue -99.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $226K, and assets of $2.0M.
- 2020: Revenue of $-3,466, expenses of $12K, and assets of $366K (revenue -101.1% year-over-year).
- 2019: Revenue of $304K, expenses of $43K, and assets of $379K (revenue +4286.0% year-over-year).
- 2015: Revenue of $7K, expenses of $87K, and assets of $349K (revenue +15291.1% year-over-year).
- 2014: Revenue of $45, expenses of $61K, and assets of $429K (revenue -8.2% year-over-year).
- 2013: Revenue of $49, expenses of $15K, and assets of $490K (revenue -100.0% year-over-year).
- 2012: Revenue of $200K, expenses of $24K, and assets of $505K (revenue +100.0% year-over-year).
- 2011: Revenue of $100K, expenses of $15K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L & S Hayward Foundation:
Data Sources and Methodology
This transparency report for L & S Hayward 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.