Richard H & Ann Shafer Foundation
EIN: 316029095 · Columbus, OH
| Metric | Value |
|---|---|
| Total Revenue | $663K |
| Total Expenses | $281K |
| Net Assets | $5.6M |
Is Richard H & Ann Shafer Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richard H & Ann Shafer Foundation
Richard H & Ann Shafer Foundation (EIN: 316029095) is a nonprofit organization based in Columbus, OH. The organization reported total revenue of $663K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard H & Ann Shafer Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard H & Ann Shafer Foundation is a small nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $281K |
| Surplus / Deficit | $-94,063 |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | -50.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 238.2 months |
Financial Health Grade: B
In 2023, Richard H & Ann Shafer Foundation reported a deficit of $94K with expenses exceeding revenue, holds 238.2 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), Richard H & Ann Shafer Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.2% | +370.4% | -1.7% |
| 2022 | -39.7% | -58.8% | +4.0% |
| 2021 | +282.7% | +5.0% | +6.1% |
| 2019 | -1163.0% | +404.2% | -63.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richard H & Ann Shafer Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richard H & Ann Shafer Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Richard H & Ann Shafer Foundation
Is Richard H & Ann Shafer Foundation a legitimate charity?
Richard H & Ann Shafer Foundation (EIN: 316029095) is a registered tax-exempt nonprofit based in Ohio. It has 10 years of IRS 990 filings on record. Total revenue: $663K. No red flags identified. Financial health grade: B.
How does Richard H & Ann Shafer Foundation spend its money?
Richard H & Ann Shafer Foundation reported $663K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richard H & Ann Shafer Foundation tax-deductible?
Richard H & Ann Shafer Foundation is registered as a tax-exempt nonprofit (EIN: 316029095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richard H & Ann Shafer Foundation located?
Richard H & Ann Shafer Foundation is headquartered in Columbus, Ohio and files with the IRS under EIN 316029095.
How many years of IRS 990 filings does Richard H & Ann Shafer Foundation have?
Richard H & Ann Shafer Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $663K in total revenue.
Filing History
IRS 990 filing history for Richard H & Ann Shafer Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard H & Ann Shafer Foundation's revenue has declined by 12.1%, moving from $213K to $187K. Total assets decreased by 64.2% over the same period, from $15.6M to $5.6M. Total functional expenses fell by 30.9%, from $407K to $281K. In its most recent filing year (2023), Richard H & Ann Shafer Foundation reported a deficit of $94K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $281K | $5.6M | $1 | — | — |
| 2022 | $276K | $60K | $5.7M | $1 | — | View 990 |
| 2021 | $458K | $145K | $5.5M | $1 | — | View 990 |
| 2020 | $120K | $138K | $5.1M | $1 | — | — |
| 2019 | $-1,328,861 | $1.7M | $5.2M | $1 | — | View 990 |
| 2015 | $125K | $346K | $14.1M | $1 | — | View 990 |
| 2014 | $255K | $180K | $14.3M | $1 | — | View 990 |
| 2013 | $250K | $452K | $14.2M | $1 | — | View 990 |
| 2012 | $250K | $1.4M | $14.4M | $1 | — | View 990 |
| 2011 | $213K | $407K | $15.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $281K, and assets of $5.6M (revenue -32.2% year-over-year).
- 2022: Revenue of $276K, expenses of $60K, and assets of $5.7M (revenue -39.7% year-over-year).
- 2021: Revenue of $458K, expenses of $145K, and assets of $5.5M (revenue +282.7% year-over-year).
- 2020: Revenue of $120K, expenses of $138K, and assets of $5.1M.
- 2019: Revenue of $-1,328,861, expenses of $1.7M, and assets of $5.2M (revenue -1163.0% year-over-year).
- 2015: Revenue of $125K, expenses of $346K, and assets of $14.1M (revenue -51.1% year-over-year).
- 2014: Revenue of $255K, expenses of $180K, and assets of $14.3M (revenue +2.3% year-over-year).
- 2013: Revenue of $250K, expenses of $452K, and assets of $14.2M (revenue -0.2% year-over-year).
- 2012: Revenue of $250K, expenses of $1.4M, and assets of $14.4M (revenue +17.5% year-over-year).
- 2011: Revenue of $213K, expenses of $407K, and assets of $15.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard H & Ann Shafer Foundation:
Data Sources and Methodology
This transparency report for Richard H & Ann Shafer 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.