Lucian A & Jerri Jeter Harvey Foundation
Lucian A & Jerri Jeter Harvey Foundation's assets are rapidly declining due to expenses consistently exceeding minimal revenue.
EIN: 10554145 · Jackson, MS · NTEE: T22 · Updated: 2026-03-28
Is Lucian A & Jerri Jeter Harvey Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lucian A & Jerri Jeter Harvey Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Lucian A & Jerri Jeter Harvey Foundation
Lucian A & Jerri Jeter Harvey Foundation (EIN: 10554145) is a nonprofit organization based in Jackson, MS, classified under NTEE code T22. The organization reported total revenue of $10 and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucian A & Jerri Jeter Harvey Foundation'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 Lucian A & Jerri Jeter Harvey Foundation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Lucian A & Jerri Jeter Harvey Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving salaries from the foundation, which is positive for minimizing administrative overhead.
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 Lucian A & Jerri Jeter Harvey Foundation's IRS 990 filings:
- Consistent and significant negative net income (expenses far exceeding revenue) for many years, indicating asset depletion.
- Rapid decline in total assets over the past decade (from $213,424 in 2013 to $100,590 in 2023).
- Extremely low revenue figures in recent years (e.g., $10 in 2023, $13 in 2022), making the foundation unsustainable without asset liquidation.
- Unusual consistent $1 liability reported across all filings.
Strengths
The following positive indicators were identified for Lucian A & Jerri Jeter Harvey Foundation:
- 0% officer compensation reported, indicating no executive salaries are paid from the foundation's funds.
- Consistent filing of IRS 990 forms, demonstrating compliance with reporting requirements.
Frequently Asked Questions about Lucian A & Jerri Jeter Harvey Foundation
Is Lucian A & Jerri Jeter Harvey Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lucian A & Jerri Jeter Harvey Foundation (EIN: 10554145) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Lucian A & Jerri Jeter Harvey Foundation spend its money?
Lucian A & Jerri Jeter Harvey Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lucian A & Jerri Jeter Harvey Foundation tax-deductible?
Lucian A & Jerri Jeter Harvey Foundation is registered as a tax-exempt nonprofit (EIN: 10554145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the source of the consistent $1 liability reported in all filings?
The consistent reporting of a $1 liability across all filings is unusual and could indicate a specific accounting practice or a placeholder, but without further detail, its exact nature is unclear.
What are the specific program activities or grants made by the foundation?
The provided data does not detail specific program activities or grants. Given the NTEE code T22, it is a grantmaking foundation, but the recipients and impact of its grants are not discernible from this summary.
Is the foundation intentionally winding down its operations?
The consistent trend of expenses significantly exceeding revenue and the steady decline in assets over many years (from $213,424 in 2013 to $100,590 in 2023) strongly suggest that the foundation may be in the process of spending down its endowment or winding down its operations.
How does the foundation cover its expenses with such minimal revenue?
The foundation covers its expenses by drawing down its existing assets. For example, in 2023, with only $10 in revenue and $15,005 in expenses, the difference was covered by liquidating assets.
Filing History
IRS 990 filing history for Lucian A & Jerri Jeter Harvey Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lucian A & Jerri Jeter Harvey Foundation's revenue has declined by 98%, moving from $507 to $10. Total assets decreased by 43% over the same period, from $177K to $101K. Total functional expenses rose by 37.6%, from $11K to $15K. In its most recent filing year (2023), Lucian A & Jerri Jeter Harvey Foundation reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $101K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10 | $15K | $101K | $1 | — | — |
| 2022 | $13 | $17K | $116K | $1 | — | — |
| 2021 | $14 | $13K | $132K | $1 | — | — |
| 2020 | $61 | $8K | $145K | $1 | — | View 990 |
| 2019 | $80 | $9K | $153K | $1 | — | View 990 |
| 2015 | $98 | $11K | $192K | $1 | — | View 990 |
| 2014 | $127 | $11K | $202K | $1 | — | View 990 |
| 2013 | $25K | $11K | $213K | $1 | — | View 990 |
| 2012 | $30K | $8K | $199K | $1 | — | View 990 |
| 2011 | $507 | $11K | $177K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10, expenses of $15K, and assets of $101K (revenue -23.1% year-over-year).
- 2022: Revenue of $13, expenses of $17K, and assets of $116K (revenue -7.1% year-over-year).
- 2021: Revenue of $14, expenses of $13K, and assets of $132K (revenue -77.0% year-over-year).
- 2020: Revenue of $61, expenses of $8K, and assets of $145K (revenue -23.8% year-over-year).
- 2019: Revenue of $80, expenses of $9K, and assets of $153K (revenue -18.4% year-over-year).
- 2015: Revenue of $98, expenses of $11K, and assets of $192K (revenue -22.8% year-over-year).
- 2014: Revenue of $127, expenses of $11K, and assets of $202K (revenue -99.5% year-over-year).
- 2013: Revenue of $25K, expenses of $11K, and assets of $213K (revenue -17.0% year-over-year).
- 2012: Revenue of $30K, expenses of $8K, and assets of $199K (revenue +5891.3% year-over-year).
- 2011: Revenue of $507, expenses of $11K, and assets of $177K.
Data Sources and Methodology
This transparency report for Lucian A & Jerri Jeter Harvey 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.