Russell B Hagen Foundation
EIN: 411941194 · Lakeland Shrs, MN · NTEE: T21
| Metric | Value |
|---|---|
| Total Revenue | $820K |
| Total Expenses | $77K |
| Net Assets | $2.1M |
Is Russell B Hagen Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Russell B Hagen Foundation
Russell B Hagen Foundation (EIN: 411941194) is a nonprofit organization based in Lakeland Shrs, MN, classified under NTEE code T21. The organization reported total revenue of $820K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell B Hagen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell B Hagen Foundation is a small nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $154K |
| Total Expenses | $77K |
| Surplus / Deficit | +$77K |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | 49.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 332.9 months |
Financial Health Grade: A
In 2023, Russell B Hagen Foundation reported a surplus of $77K with revenue exceeding expenses, holds 332.9 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), Russell B Hagen Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | -36.1% | +3.7% |
| 2022 | +71.6% | +119.0% | +3.2% |
| 2021 | -8.8% | -8.5% | +2.7% |
| 2020 | -1.6% | -75.5% | +3.0% |
| 2019 | -35.4% | +50.5% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Russell B Hagen 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 Russell B Hagen 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 surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Russell B Hagen Foundation
Is Russell B Hagen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Russell B Hagen Foundation (EIN: 411941194) insufficient data. 0 red flags identified, 0 strengths noted.
How does Russell B Hagen Foundation spend its money?
Detailed spending breakdown data is not yet available for Russell B Hagen Foundation. Check back for updated IRS 990 analysis.
Are donations to Russell B Hagen Foundation tax-deductible?
Russell B Hagen Foundation is registered as a tax-exempt nonprofit (EIN: 411941194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Russell B Hagen Foundation located?
Russell B Hagen Foundation is headquartered in Lakeland Shrs, Minnesota and files with the IRS under EIN 411941194. It is classified under NTEE code T21.
How many years of IRS 990 filings does Russell B Hagen Foundation have?
Russell B Hagen 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 $820K in total revenue.
Filing History
IRS 990 filing history for Russell B Hagen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Russell B Hagen Foundation's revenue has declined by 75.4%, moving from $625K to $154K. Total assets decreased by 32.3% over the same period, from $3.2M to $2.1M. Total functional expenses rose by 44.7%, from $53K to $77K. In its most recent filing year (2023), Russell B Hagen Foundation reported a surplus of $77K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $154K | $77K | $2.1M | $1 | — | — |
| 2022 | $184K | $121K | $2.1M | $1 | — | View 990 |
| 2021 | $107K | $55K | $2.0M | $1 | — | View 990 |
| 2020 | $118K | $60K | $1.9M | $1 | — | View 990 |
| 2019 | $120K | $246K | $1.9M | $1 | — | — |
| 2015 | $185K | $163K | $2.0M | $1 | — | View 990 |
| 2014 | $-434,507 | $690K | $2.0M | $1 | — | View 990 |
| 2013 | $234K | $338K | $3.1M | $1 | — | View 990 |
| 2012 | $251K | $222K | $3.2M | $1 | — | View 990 |
| 2011 | $625K | $53K | $3.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $154K, expenses of $77K, and assets of $2.1M (revenue -16.5% year-over-year).
- 2022: Revenue of $184K, expenses of $121K, and assets of $2.1M (revenue +71.6% year-over-year).
- 2021: Revenue of $107K, expenses of $55K, and assets of $2.0M (revenue -8.8% year-over-year).
- 2020: Revenue of $118K, expenses of $60K, and assets of $1.9M (revenue -1.6% year-over-year).
- 2019: Revenue of $120K, expenses of $246K, and assets of $1.9M (revenue -35.4% year-over-year).
- 2015: Revenue of $185K, expenses of $163K, and assets of $2.0M.
- 2014: Revenue of $-434,507, expenses of $690K, and assets of $2.0M (revenue -285.4% year-over-year).
- 2013: Revenue of $234K, expenses of $338K, and assets of $3.1M (revenue -6.6% year-over-year).
- 2012: Revenue of $251K, expenses of $222K, and assets of $3.2M (revenue -59.8% year-over-year).
- 2011: Revenue of $625K, expenses of $53K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russell B Hagen Foundation:
Data Sources and Methodology
This transparency report for Russell B Hagen 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.