Meserve Kunhardt Foundation Inc
Meserve Kunhardt Foundation consistently maintains a healthy financial surplus with no reported officer compensation.
EIN: 202412662 · Pleasantville, NY · NTEE: A70 · Updated: 2026-03-28
Is Meserve Kunhardt Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meserve Kunhardt Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meserve Kunhardt Foundation Inc
Meserve Kunhardt Foundation Inc (EIN: 202412662) is a nonprofit organization based in Pleasantville, NY, classified under NTEE code A70. The organization reported total revenue of $5.7M and total assets of $25.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meserve Kunhardt 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 Meserve Kunhardt Foundation Inc 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, Meserve Kunhardt Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $23 million and annual expenses over $3 million, suggesting a volunteer leadership model or that compensation is covered by an affiliated entity, which would warrant further investigation for complete transparency.
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 Meserve Kunhardt Foundation Inc's IRS 990 filings:
- Unusually low liabilities relative to assets in some periods, potentially indicating specific accounting practices or minimal debt.
- 0% officer compensation for an organization of this size could imply compensation is paid by a related entity, which isn't fully transparent in these filings.
Strengths
The following positive indicators were identified for Meserve Kunhardt Foundation Inc:
- Consistent revenue exceeding expenses, leading to healthy surpluses.
- Significant and consistent growth in assets over the past decade, from $5.9M in 2014 to $23.6M in 2023.
- No reported officer compensation across all available filings, indicating high efficiency in executive overhead.
- Strong financial health with substantial reserves (assets of $23,688,707 in 2023).
Frequently Asked Questions about Meserve Kunhardt Foundation Inc
Is Meserve Kunhardt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Meserve Kunhardt Foundation Inc (EIN: 202412662) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Meserve Kunhardt Foundation Inc spend its money?
Meserve Kunhardt Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Meserve Kunhardt Foundation Inc tax-deductible?
Meserve Kunhardt Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202412662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Meserve Kunhardt Foundation Inc a good charity?
Based on the available IRS 990 data, the Meserve Kunhardt Foundation Inc appears to be a financially sound organization with consistent revenue exceeding expenses and growing assets. The reported 0% officer compensation is a strong positive indicator of efficient resource allocation towards its mission.
How does Meserve Kunhardt Foundation Inc manage its expenses?
The foundation consistently manages its expenses well below its revenue. For instance, in 2023, expenses were $3,098,489 against revenues of $4,610,772, demonstrating a healthy surplus. The absence of officer compensation suggests a very lean administrative overhead at the executive level.
What is the trend in Meserve Kunhardt Foundation Inc's assets?
The foundation's assets have shown consistent growth over the past decade, increasing from $5,984,406 in 2014 to $23,688,707 in 2023, indicating strong financial stewardship and accumulation of resources.
Does Meserve Kunhardt Foundation Inc spend efficiently?
Yes, the foundation appears to spend efficiently. The consistent surplus of revenue over expenses and the reported 0% officer compensation across all filings suggest that a significant portion of its resources is directed towards its programmatic activities and asset growth rather than administrative bloat or high executive salaries.
Filing History
IRS 990 filing history for Meserve Kunhardt Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meserve Kunhardt Foundation Inc's revenue has grown by 525.7%, moving from $737K to $4.6M. Total assets increased by 1541.8% over the same period, from $1.4M to $23.7M. Total functional expenses rose by 340.8%, from $703K to $3.1M. In its most recent filing year (2023), Meserve Kunhardt Foundation Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $27K in liabilities against $23.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $23.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $3.1M | $23.7M | $27K | — | — |
| 2022 | $6.3M | $3.0M | $22.2M | $21K | — | View 990 |
| 2021 | $5.3M | $3.0M | $18.9M | $62K | — | View 990 |
| 2020 | $3.3M | $3.6M | $16.6M | $134K | — | — |
| 2019 | $4.2M | $3.7M | $16.9M | $134K | — | View 990 |
| 2018 | $5.2M | $3.3M | $16.4M | $100K | — | View 990 |
| 2017 | $4.4M | $3.0M | $13.2M | $140K | — | View 990 |
| 2016 | $4.5M | $2.9M | $11.4M | $162K | — | View 990 |
| 2015 | $6.8M | $3.3M | $10.0M | $219K | — | View 990 |
| 2014 | $3.8M | $1.3M | $6.0M | $36K | — | View 990 |
| 2013 | $2.4M | $1.1M | $3.4M | $21K | — | View 990 |
| 2012 | $1.8M | $1.1M | $2.1M | $34K | — | View 990 |
| 2011 | $737K | $703K | $1.4M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $3.1M, and assets of $23.7M (revenue -26.9% year-over-year).
- 2022: Revenue of $6.3M, expenses of $3.0M, and assets of $22.2M (revenue +18.0% year-over-year).
- 2021: Revenue of $5.3M, expenses of $3.0M, and assets of $18.9M (revenue +64.0% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.6M, and assets of $16.6M (revenue -23.1% year-over-year).
- 2019: Revenue of $4.2M, expenses of $3.7M, and assets of $16.9M (revenue -18.0% year-over-year).
- 2018: Revenue of $5.2M, expenses of $3.3M, and assets of $16.4M (revenue +16.8% year-over-year).
- 2017: Revenue of $4.4M, expenses of $3.0M, and assets of $13.2M (revenue -1.8% year-over-year).
- 2016: Revenue of $4.5M, expenses of $2.9M, and assets of $11.4M (revenue -34.2% year-over-year).
- 2015: Revenue of $6.8M, expenses of $3.3M, and assets of $10.0M (revenue +78.0% year-over-year).
- 2014: Revenue of $3.8M, expenses of $1.3M, and assets of $6.0M (revenue +60.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $1.1M, and assets of $3.4M (revenue +36.1% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.1M, and assets of $2.1M (revenue +138.1% year-over-year).
- 2011: Revenue of $737K, expenses of $703K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Meserve Kunhardt 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.