Mhc Academic Foundation
Mhc Academic Foundation maintains substantial assets with fluctuating revenue and no reported officer compensation.
EIN: 208407010 · Martinsville, VA · NTEE: B114 · Updated: 2026-03-28
About Mhc Academic Foundation
Mhc Academic Foundation (EIN: 208407010) is a nonprofit organization based in Martinsville, VA, classified under NTEE code B114. The organization reported total revenue of $3.3M and total assets of $16.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mhc Academic Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mhc Academic Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mhc Academic Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Mhc Academic Foundation consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of fiscal conservatism regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mhc Academic Foundation's IRS 990 filings:
- Significant negative revenue reported in 202106 ($-5,080,920) without immediate explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Mhc Academic Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Substantial and stable asset base, currently $16,118,675, providing financial stability.
- Low liabilities across most filing periods, suggesting sound financial management and minimal debt.
- Positive revenue generation in recent periods (202206, 202306, 202406) after a significant dip.
Frequently Asked Questions about Mhc Academic Foundation
What caused the $-5,080,920 negative revenue reported in the 202106 filing?
The IRS 990 filing for period 202106 shows a significant negative revenue figure. This could be due to substantial investment losses, a major asset write-down, or a specific accounting adjustment. Further detail from the full 990 filing would be needed to understand the exact nature of this event.
How does Mhc Academic Foundation allocate its expenses between program services, administrative costs, and fundraising?
The provided data only includes total expenses. To fully assess spending efficiency, a detailed breakdown of expenses into program services, administrative costs, and fundraising expenses from the full IRS 990 forms would be necessary.
Given the 0% officer compensation, how is the organization's leadership compensated, if at all?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the 990, such as through a related entity or as contractor fees. This practice generally indicates a commitment to minimizing overhead related to executive salaries.
Filing History
IRS 990 filing history for Mhc Academic Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mhc Academic Foundation's revenue has declined by 53.7%, moving from $1.6M to $763K. Total assets increased by 466.8% over the same period, from $2.6M to $14.5M. Total functional expenses fell by 79%, from $1.4M to $284K. In its most recent filing year (2024), Mhc Academic Foundation reported a surplus of $479K, with revenue exceeding expenses. The organization holds $7K in liabilities against $14.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $763K | $284K | $14.5M | $7K | — | View 990 |
| 2023 | $670K | $321K | $13.0M | $44K | — | View 990 |
| 2022 | $1.1M | $484K | $12.2M | $6K | — | View 990 |
| 2021 | $-5,080,920 | $1.2M | $13.5M | $3K | — | — |
| 2020 | $668K | $1.3M | $18.5M | $82K | — | View 990 |
| 2019 | $714K | $1.4M | $19.3M | $37K | — | View 990 |
| 2018 | $844K | $1.6M | $19.9M | $19K | — | View 990 |
| 2017 | $1.7M | $2.3M | $21.1M | $604K | — | View 990 |
| 2016 | $2.1M | $2.8M | $21.7M | $800K | — | View 990 |
| 2015 | $3.4M | $3.5M | $22.4M | $788K | — | View 990 |
| 2014 | $9.4M | $2.0M | $23.0M | $1.4M | — | View 990 |
| 2013 | $13.6M | $2.2M | $14.9M | $736K | — | View 990 |
| 2012 | $1.6M | $1.4M | $2.6M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $763K, expenses of $284K, and assets of $14.5M (revenue +14.0% year-over-year).
- 2023: Revenue of $670K, expenses of $321K, and assets of $13.0M (revenue -39.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $484K, and assets of $12.2M.
- 2021: Revenue of $-5,080,920, expenses of $1.2M, and assets of $13.5M (revenue -860.3% year-over-year).
- 2020: Revenue of $668K, expenses of $1.3M, and assets of $18.5M (revenue -6.4% year-over-year).
- 2019: Revenue of $714K, expenses of $1.4M, and assets of $19.3M (revenue -15.4% year-over-year).
- 2018: Revenue of $844K, expenses of $1.6M, and assets of $19.9M (revenue -51.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.3M, and assets of $21.1M (revenue -17.1% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.8M, and assets of $21.7M (revenue -38.8% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $22.4M (revenue -63.2% year-over-year).
- 2014: Revenue of $9.4M, expenses of $2.0M, and assets of $23.0M (revenue -31.5% year-over-year).
- 2013: Revenue of $13.6M, expenses of $2.2M, and assets of $14.9M (revenue +727.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Mhc Academic 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.