Myra W & Jean Kent Angus Foundation
Myra W & Jean Kent Angus Foundation maintains stable assets and zero executive compensation amidst fluctuating revenue.
EIN: 10637863 · Honolulu, HI · NTEE: T20 · Updated: 2026-03-27
Is Myra W & Jean Kent Angus Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Myra W & Jean Kent Angus Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Myra W & Jean Kent Angus Foundation
Myra W & Jean Kent Angus Foundation (EIN: 10637863) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T20. The organization reported total revenue of $782K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Myra W & Jean Kent Angus 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 Myra W & Jean Kent Angus 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Myra W & Jean Kent Angus 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a foundation of its size.
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 Myra W & Jean Kent Angus Foundation's IRS 990 filings:
- Significant unexplained revenue fluctuation in the latest period ($782,409 vs. historical average of ~$200,000).
Strengths
The following positive indicators were identified for Myra W & Jean Kent Angus Foundation:
- Consistent financial stability with assets around $3 million.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Minimal liabilities ($0 or $1) consistently reported.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Myra W & Jean Kent Angus Foundation
Is Myra W & Jean Kent Angus Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Myra W & Jean Kent Angus Foundation (EIN: 10637863) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Myra W & Jean Kent Angus Foundation spend its money?
Myra W & Jean Kent Angus Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Myra W & Jean Kent Angus Foundation tax-deductible?
Myra W & Jean Kent Angus Foundation is registered as a tax-exempt nonprofit (EIN: 10637863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in revenue to $782,409 in the latest period, compared to historical averages around $150,000-$250,000?
The provided data does not specify the source of this revenue surge. It could be due to a large one-time donation, investment gains, or a change in funding strategy, which would require reviewing the full 990 form for the latest period.
How does the foundation allocate its expenses between grants/program services and administrative costs, given the absence of officer compensation?
While officer compensation is zero, the provided data does not detail the breakdown of total expenses (e.g., $185,565 in 202403) into program, administrative, and fundraising categories. Further analysis of the full 990 would be needed to understand this allocation.
What is the foundation's primary grant-making focus or program area, as indicated by its NTEE code T20?
NTEE code T20 generally refers to 'Foundations, Grantmaking & Giving Services'. This indicates the organization primarily functions as a grant-making entity, rather than directly operating programs.
Filing History
IRS 990 filing history for Myra W & Jean Kent Angus Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Myra W & Jean Kent Angus Foundation's revenue has grown by 104%, moving from $118K to $241K. Total assets increased by 5.8% over the same period, from $2.8M to $3.0M. Total functional expenses rose by 11.5%, from $166K to $186K. In its most recent filing year (2024), Myra W & Jean Kent Angus Foundation reported a surplus of $55K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $241K | $186K | $3.0M | $1 | — | — |
| 2023 | $149K | $206K | $2.9M | $1 | — | View 990 |
| 2022 | $226K | $183K | $3.0M | $1 | — | View 990 |
| 2021 | $265K | $171K | $3.0M | $1 | — | — |
| 2020 | $124K | $173K | $2.9M | $0 | — | View 990 |
| 2016 | $136K | $177K | $2.9M | $0 | — | View 990 |
| 2015 | $248K | $169K | $2.9M | $0 | — | View 990 |
| 2014 | $166K | $164K | $2.8M | $0 | — | View 990 |
| 2013 | $135K | $157K | $2.8M | $0 | — | View 990 |
| 2012 | $118K | $166K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $241K, expenses of $186K, and assets of $3.0M (revenue +61.3% year-over-year).
- 2023: Revenue of $149K, expenses of $206K, and assets of $2.9M (revenue -33.9% year-over-year).
- 2022: Revenue of $226K, expenses of $183K, and assets of $3.0M (revenue -14.8% year-over-year).
- 2021: Revenue of $265K, expenses of $171K, and assets of $3.0M (revenue +113.5% year-over-year).
- 2020: Revenue of $124K, expenses of $173K, and assets of $2.9M (revenue -8.7% year-over-year).
- 2016: Revenue of $136K, expenses of $177K, and assets of $2.9M (revenue -45.2% year-over-year).
- 2015: Revenue of $248K, expenses of $169K, and assets of $2.9M (revenue +49.9% year-over-year).
- 2014: Revenue of $166K, expenses of $164K, and assets of $2.8M (revenue +23.0% year-over-year).
- 2013: Revenue of $135K, expenses of $157K, and assets of $2.8M (revenue +14.0% year-over-year).
- 2012: Revenue of $118K, expenses of $166K, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Myra W & Jean Kent Angus 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.