Sandve Heritage Foundation
EIN: 812089562 · Lake Park, IA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $42K |
| Net Assets | $839K |
Is Sandve Heritage Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sandve Heritage Foundation
Sandve Heritage Foundation (EIN: 812089562) is a nonprofit organization based in Lake Park, IA, classified under NTEE code T20. The organization reported total revenue of $23K and total assets of $852K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sandve Heritage Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sandve Heritage Foundation is a micro nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $42K |
| Surplus / Deficit | $-22,314 |
| Total Assets | $839K |
| Total Liabilities | $1 |
| Net Assets | $839K |
| Operating Margin | -111.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 238.1 months |
Financial Health Grade: B
In 2023, Sandve Heritage Foundation reported a deficit of $22K with expenses exceeding revenue, holds 238.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Sandve Heritage Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | +8.7% | -0.3% |
| 2022 | -43.0% | -24.8% | -0.9% |
| 2021 | +70.2% | +2.9% | +2.6% |
| 2020 | -26.2% | -2.9% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sandve Heritage 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 Sandve Heritage 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Sandve Heritage Foundation
Is Sandve Heritage Foundation a legitimate charity?
Sandve Heritage Foundation (EIN: 812089562) is a registered tax-exempt nonprofit based in Iowa. It has 5 years of IRS 990 filings on record. Total revenue: $23K. No red flags identified. Financial health grade: B.
How does Sandve Heritage Foundation spend its money?
Sandve Heritage Foundation reported $23K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sandve Heritage Foundation tax-deductible?
Sandve Heritage Foundation is registered as a tax-exempt nonprofit (EIN: 812089562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sandve Heritage Foundation located?
Sandve Heritage Foundation is headquartered in Lake Park, Iowa and files with the IRS under EIN 812089562. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sandve Heritage Foundation have?
Sandve Heritage Foundation has 5 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 $23K in total revenue.
Filing History
IRS 990 filing history for Sandve Heritage Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Sandve Heritage Foundation's revenue has declined by 16.6%, moving from $24K to $20K. Total assets decreased by 2.2% over the same period, from $858K to $839K. Total functional expenses fell by 18.4%, from $52K to $42K. In its most recent filing year (2023), Sandve Heritage Foundation reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1 in liabilities against $839K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $839K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $42K | $839K | $1 | — | — |
| 2022 | $17K | $39K | $841K | $1 | — | — |
| 2021 | $30K | $52K | $849K | $1 | — | — |
| 2020 | $18K | $50K | $828K | $1 | — | View 990 |
| 2019 | $24K | $52K | $858K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $42K, and assets of $839K (revenue +16.5% year-over-year).
- 2022: Revenue of $17K, expenses of $39K, and assets of $841K (revenue -43.0% year-over-year).
- 2021: Revenue of $30K, expenses of $52K, and assets of $849K (revenue +70.2% year-over-year).
- 2020: Revenue of $18K, expenses of $50K, and assets of $828K (revenue -26.2% year-over-year).
- 2019: Revenue of $24K, expenses of $52K, and assets of $858K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sandve Heritage Foundation:
Data Sources and Methodology
This transparency report for Sandve Heritage 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.