Richard Hogan & Carron Sherry Foundation Inc
Richard Hogan & Carron Sherry Foundation's assets have declined by over 60% since 2011 due to consistent operating deficits.
EIN: 133860420 · Ketchum, ID · NTEE: T99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $414K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 45/100 |
Is Richard Hogan & Carron Sherry Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard Hogan & Carron Sherry Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard Hogan & Carron Sherry Foundation Inc
Richard Hogan & Carron Sherry Foundation Inc (EIN: 133860420) is a nonprofit organization based in Ketchum, ID, classified under NTEE code T99Z. The organization reported total revenue of $63K and total assets of $990K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Hogan & Carron Sherry Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Hogan & Carron Sherry Foundation Inc is a micro nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $414K |
| Surplus / Deficit | $-224,066 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -118.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.8 months |
Financial Health Grade: B
In 2023, Richard Hogan & Carron Sherry Foundation Inc reported a deficit of $224K with expenses exceeding revenue, holds 34.8 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 Hogan & Carron Sherry Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +471.6% | -14.6% | -15.7% |
| 2022 | +40.1% | +702.4% | -24.0% |
| 2021 | -16.4% | -81.8% | -1.9% |
| 2016 | -588.2% | -53.9% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richard Hogan & Carron Sherry Foundation Inc with a Mission Score of 45 out of 100 (Fair). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Richard Hogan & Carron Sherry Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $224K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary from the foundation, which is a positive sign for resource allocation.
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 Richard Hogan & Carron Sherry Foundation Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have frequently and significantly exceeded revenue, notably $413,600 in expenses vs. $189,534 in revenue in 202309.
- Significant asset decline: Total assets have decreased from $3,414,145 in 2011 to $1,200,640 in 2023, a reduction of over 60%.
- Unsustainable financial trend: The pattern of spending down assets without sufficient incoming revenue is not sustainable long-term.
Strengths
The following positive indicators were identified for Richard Hogan & Carron Sherry Foundation Inc:
- No officer compensation: The organization reports 0% officer compensation, indicating that leadership is not drawing salaries from the foundation's funds.
- Low liabilities: Liabilities have consistently been reported as $0 or $1, suggesting minimal debt burden.
Frequently Asked Questions about Richard Hogan & Carron Sherry Foundation Inc
Is Richard Hogan & Carron Sherry Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Hogan & Carron Sherry Foundation Inc (EIN: 133860420) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Richard Hogan & Carron Sherry Foundation Inc spend its money?
Richard Hogan & Carron Sherry Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard Hogan & Carron Sherry Foundation Inc tax-deductible?
Richard Hogan & Carron Sherry Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133860420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richard Hogan & Carron Sherry Foundation Inc's spending goes to programs?
Richard Hogan & Carron Sherry Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Richard Hogan & Carron Sherry Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Richard Hogan & Carron Sherry Foundation Inc is near average for NTEE category T99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Richard Hogan & Carron Sherry Foundation Inc located?
Richard Hogan & Carron Sherry Foundation Inc is headquartered in Ketchum, Idaho and files with the IRS under EIN 133860420. It is classified under NTEE code T99Z.
How many years of IRS 990 filings does Richard Hogan & Carron Sherry Foundation Inc have?
Richard Hogan & Carron Sherry Foundation Inc 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 $63K in total revenue.
What is the specific purpose of the 'Richard Hogan & Carron Sherry Foundation Inc.' given its NTEE code T99Z?
The NTEE code T99Z indicates 'Private Grantmaking Foundations, Not Elsewhere Classified.' This suggests the foundation primarily engages in grant-making activities rather than direct program operations. Further details would require reviewing the full 990 forms for its mission statement and grant recipients.
How does the foundation plan to address its consistent operating deficits and declining asset base?
The provided data consistently shows expenses exceeding revenue, leading to a significant reduction in assets from $3.4 million in 2011 to $1.2 million in 2023. Without a change in strategy, this trend is unsustainable. The organization would need to either increase its revenue significantly or drastically reduce its grant-making and operational expenses.
What is the breakdown of the $413,600 in expenses reported in 2023?
The summary data does not provide a detailed breakdown of expenses into program, administrative, and fundraising categories. To understand how the $413,600 was allocated, one would need to review the full IRS Form 990 for the 202309 period.
Filing History
IRS 990 filing history for Richard Hogan & Carron Sherry Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard Hogan & Carron Sherry Foundation Inc's revenue has grown by 1.6%, moving from $187K to $190K. Total assets decreased by 64.8% over the same period, from $3.4M to $1.2M. Total functional expenses rose by 162.2%, from $158K to $414K. In its most recent filing year (2023), Richard Hogan & Carron Sherry Foundation Inc reported a deficit of $224K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $414K | $1.2M | $1 | — | View 990 |
| 2022 | $33K | $484K | $1.4M | $1 | — | View 990 |
| 2021 | $24K | $60K | $1.9M | $1 | — | — |
| 2020 | $28K | $331K | $1.9M | $1 | — | — |
| 2016 | $-40,284 | $203K | $2.9M | $1 | — | View 990 |
| 2015 | $8K | $440K | $3.2M | $0 | — | View 990 |
| 2014 | $553K | $129K | $3.6M | $0 | — | View 990 |
| 2013 | $186K | $201K | $3.2M | $0 | — | View 990 |
| 2012 | $22K | $243K | $3.2M | $0 | — | View 990 |
| 2011 | $187K | $158K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $414K, and assets of $1.2M (revenue +471.6% year-over-year).
- 2022: Revenue of $33K, expenses of $484K, and assets of $1.4M (revenue +40.1% year-over-year).
- 2021: Revenue of $24K, expenses of $60K, and assets of $1.9M (revenue -16.4% year-over-year).
- 2020: Revenue of $28K, expenses of $331K, and assets of $1.9M.
- 2016: Revenue of $-40,284, expenses of $203K, and assets of $2.9M (revenue -588.2% year-over-year).
- 2015: Revenue of $8K, expenses of $440K, and assets of $3.2M (revenue -98.5% year-over-year).
- 2014: Revenue of $553K, expenses of $129K, and assets of $3.6M (revenue +197.6% year-over-year).
- 2013: Revenue of $186K, expenses of $201K, and assets of $3.2M (revenue +754.2% year-over-year).
- 2012: Revenue of $22K, expenses of $243K, and assets of $3.2M (revenue -88.3% year-over-year).
- 2011: Revenue of $187K, expenses of $158K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Hogan & Carron Sherry Foundation Inc:
Data Sources and Methodology
This transparency report for Richard Hogan & Carron Sherry 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.