Tallgrass Farm Foundation Inc
Tallgrass Farm Foundation maintains strong assets and minimal liabilities with zero officer compensation.
EIN: 201111988 · Harrodsburg, KY · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $617K |
| Total Expenses | $241K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.0M |
| Transparency Score | 92/100 |
Is Tallgrass Farm Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tallgrass Farm Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tallgrass Farm Foundation Inc
Tallgrass Farm Foundation Inc (EIN: 201111988) is a nonprofit organization based in Harrodsburg, KY, classified under NTEE code T23. The organization reported total revenue of $617K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tallgrass Farm Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tallgrass Farm Foundation Inc is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $241K |
| Surplus / Deficit | +$34K |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 147.5 months |
Financial Health Grade: A
In 2024, Tallgrass Farm Foundation Inc reported a surplus of $34K with revenue exceeding expenses, holds 147.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Tallgrass Farm Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.2% | -31.0% | +1.1% |
| 2023 | -4.1% | +94.8% | -3.7% |
| 2022 | -24.2% | -23.8% | +2.3% |
| 2021 | -85.0% | +117.4% | +3.1% |
| 2020 | +13017.4% | +410.3% | +983.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Tallgrass Farm Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Tallgrass Farm Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as $0 across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its asset size ($3,100,383).
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.
Strengths
The following positive indicators were identified for Tallgrass Farm Foundation Inc:
- Strong asset base ($3,100,383 latest)
- Minimal liabilities ($1 latest)
- Consistent zero officer compensation
- Positive net income in most reporting periods
- Consistent IRS 990 filing history
Frequently Asked Questions about Tallgrass Farm Foundation Inc
Is Tallgrass Farm Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tallgrass Farm Foundation Inc (EIN: 201111988) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Tallgrass Farm Foundation Inc spend its money?
Tallgrass Farm Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tallgrass Farm Foundation Inc tax-deductible?
Tallgrass Farm Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201111988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tallgrass Farm Foundation Inc CEO make?
Tallgrass Farm Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $617K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tallgrass Farm Foundation Inc's spending goes to programs?
Tallgrass Farm Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tallgrass Farm Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Tallgrass Farm Foundation Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tallgrass Farm Foundation Inc located?
Tallgrass Farm Foundation Inc is headquartered in Harrodsburg, Kentucky and files with the IRS under EIN 201111988. It is classified under NTEE code T23.
How many years of IRS 990 filings does Tallgrass Farm Foundation Inc have?
Tallgrass Farm Foundation Inc has 11 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 $617K in total revenue.
Is Tallgrass Farm Foundation Inc a good charity?
Based on the provided financial data, Tallgrass Farm Foundation Inc appears to be a financially healthy and well-managed organization. It has strong assets, minimal liabilities, and consistently reports zero officer compensation, which are all positive indicators. To fully assess its 'goodness,' one would need to understand its program impact and specific spending breakdown.
How has the organization's revenue trended?
The organization's revenue has shown significant fluctuation, with a peak of $2,171,460 in 2020, but generally ranges between $200,000 and $350,000 in other recent years, such as $275,027 in 2024 and $236,597 in 2023. This suggests a reliance on varied funding sources or occasional large contributions.
What is the organization's financial stability?
Tallgrass Farm Foundation Inc demonstrates strong financial stability. Its assets have grown consistently to $3,100,383, and liabilities have remained negligible ($0 or $1) across all reported periods, indicating a very low financial risk.
Filing History
IRS 990 filing history for Tallgrass Farm Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Tallgrass Farm Foundation Inc's revenue has grown by 217%, moving from $87K to $275K. Total assets increased by 950.1% over the same period, from $283K to $3.0M. Total functional expenses rose by 699.8%, from $30K to $241K. In its most recent filing year (2024), Tallgrass Farm Foundation Inc reported a surplus of $34K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $275K | $241K | $3.0M | $1 | — | — |
| 2023 | $237K | $350K | $2.9M | $1 | — | View 990 |
| 2022 | $247K | $180K | $3.0M | $1 | — | View 990 |
| 2021 | $326K | $236K | $3.0M | $1 | — | View 990 |
| 2020 | $2.2M | $108K | $2.9M | $1 | — | View 990 |
| 2016 | $17K | $21K | $267K | $1 | — | View 990 |
| 2015 | $16K | $27K | $271K | $0 | — | View 990 |
| 2014 | $36K | $41K | $293K | $0 | — | View 990 |
| 2013 | $20K | $22K | $298K | $0 | — | View 990 |
| 2012 | $41K | $24K | $300K | $0 | — | View 990 |
| 2011 | $87K | $30K | $283K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $275K, expenses of $241K, and assets of $3.0M (revenue +16.2% year-over-year).
- 2023: Revenue of $237K, expenses of $350K, and assets of $2.9M (revenue -4.1% year-over-year).
- 2022: Revenue of $247K, expenses of $180K, and assets of $3.0M (revenue -24.2% year-over-year).
- 2021: Revenue of $326K, expenses of $236K, and assets of $3.0M (revenue -85.0% year-over-year).
- 2020: Revenue of $2.2M, expenses of $108K, and assets of $2.9M (revenue +13017.4% year-over-year).
- 2016: Revenue of $17K, expenses of $21K, and assets of $267K (revenue +3.4% year-over-year).
- 2015: Revenue of $16K, expenses of $27K, and assets of $271K (revenue -55.0% year-over-year).
- 2014: Revenue of $36K, expenses of $41K, and assets of $293K (revenue +75.0% year-over-year).
- 2013: Revenue of $20K, expenses of $22K, and assets of $298K (revenue -50.9% year-over-year).
- 2012: Revenue of $41K, expenses of $24K, and assets of $300K (revenue -52.3% year-over-year).
- 2011: Revenue of $87K, expenses of $30K, and assets of $283K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tallgrass Farm Foundation Inc:
Data Sources and Methodology
This transparency report for Tallgrass Farm 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.