Shaver Foundation Inc
EIN: 260307376 · Louisville, KY · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $315K |
| Total Expenses | $98K |
| Net Assets | $260K |
Is Shaver Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shaver Foundation Inc
Shaver Foundation Inc (EIN: 260307376) is a nonprofit organization based in Louisville, KY, classified under NTEE code T22. The organization reported total revenue of $315K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shaver Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shaver Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $98K |
| Surplus / Deficit | $-89,093 |
| Total Assets | $262K |
| Total Liabilities | $2K |
| Net Assets | $260K |
| Operating Margin | -985.3% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 32.0 months |
Financial Health Grade: B
In 2023, Shaver Foundation Inc reported a deficit of $89K with expenses exceeding revenue, holds 32.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Shaver Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.7% | -35.0% | -25.1% |
| 2022 | -1.8% | +5.2% | +56.9% |
| 2021 | +96.2% | -45.5% | +167.3% |
| 2020 | -3.1% | +112.9% | -58.8% |
| 2019 | -18.9% | +14.8% | +56.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shaver Foundation Inc 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 Shaver Foundation Inc 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 $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Shaver Foundation Inc
Is Shaver Foundation Inc a legitimate charity?
Shaver Foundation Inc (EIN: 260307376) is a registered tax-exempt nonprofit based in Kentucky. It has 10 years of IRS 990 filings on record. Total revenue: $315K. No red flags identified. Financial health grade: B.
How does Shaver Foundation Inc spend its money?
Shaver Foundation Inc reported $315K 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 Shaver Foundation Inc tax-deductible?
Shaver Foundation Inc is registered as a tax-exempt nonprofit (EIN: 260307376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shaver Foundation Inc located?
Shaver Foundation Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 260307376. It is classified under NTEE code T22.
How many years of IRS 990 filings does Shaver Foundation Inc have?
Shaver 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 $315K in total revenue.
Filing History
IRS 990 filing history for Shaver Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shaver Foundation Inc's revenue has declined by 87.4%, moving from $72K to $9K. Total assets increased by 768.9% over the same period, from $30K to $262K. Total functional expenses rose by 9.8%, from $89K to $98K. In its most recent filing year (2023), Shaver Foundation Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $2K in liabilities against $262K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $260K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $98K | $262K | $2K | — | View 990 |
| 2022 | $278K | $151K | $349K | $1 | — | View 990 |
| 2021 | $283K | $143K | $223K | $1 | — | View 990 |
| 2020 | $144K | $263K | $83K | $1 | — | — |
| 2019 | $149K | $123K | $202K | $1 | — | View 990 |
| 2015 | $183K | $108K | $129K | $354 | — | View 990 |
| 2014 | $235K | $231K | $53K | $1 | — | View 990 |
| 2013 | $198K | $181K | $49K | $0 | — | View 990 |
| 2012 | $108K | $106K | $32K | $1 | — | View 990 |
| 2011 | $72K | $89K | $30K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $98K, and assets of $262K (revenue -96.7% year-over-year).
- 2022: Revenue of $278K, expenses of $151K, and assets of $349K (revenue -1.8% year-over-year).
- 2021: Revenue of $283K, expenses of $143K, and assets of $223K (revenue +96.2% year-over-year).
- 2020: Revenue of $144K, expenses of $263K, and assets of $83K (revenue -3.1% year-over-year).
- 2019: Revenue of $149K, expenses of $123K, and assets of $202K (revenue -18.9% year-over-year).
- 2015: Revenue of $183K, expenses of $108K, and assets of $129K (revenue -22.1% year-over-year).
- 2014: Revenue of $235K, expenses of $231K, and assets of $53K (revenue +19.0% year-over-year).
- 2013: Revenue of $198K, expenses of $181K, and assets of $49K (revenue +82.4% year-over-year).
- 2012: Revenue of $108K, expenses of $106K, and assets of $32K (revenue +51.4% year-over-year).
- 2011: Revenue of $72K, expenses of $89K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shaver Foundation Inc:
Data Sources and Methodology
This transparency report for Shaver 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.