The Holt Family Foundation
Holt Family Foundation maintains strong asset base despite fluctuating revenues and occasional operating deficits.
EIN: 203478127 · Hackensack, NJ · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $1.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $17.8M |
| Transparency Score | 85/100 |
Is The Holt Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Holt Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Holt Family Foundation
The Holt Family Foundation (EIN: 203478127) is a nonprofit organization based in Hackensack, NJ, classified under NTEE code M20. The organization reported total revenue of $6.4M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Holt Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Holt Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $595K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-427,808 |
| Total Assets | $17.8M |
| Total Liabilities | $7K |
| Net Assets | $17.8M |
| Operating Margin | -71.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.2 months |
Financial Health Grade: B
In 2023, The Holt Family Foundation reported a deficit of $428K with expenses exceeding revenue, holds 209.2 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 (2011–2023), The Holt Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.0% | +13.4% | +4.6% |
| 2022 | -35.7% | -1.8% | -10.0% |
| 2021 | +238.8% | -4.9% | +11.2% |
| 2020 | -63.3% | +771.0% | +4.2% |
| 2019 | -49.3% | -87.6% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Holt Family Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Holt Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $428K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly favorable for a foundation of its size with assets exceeding $17 million.
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 The Holt Family Foundation's IRS 990 filings:
- Operating deficit in 2023 ($594,781 revenue vs. $1,022,589 expenses)
- Significant year-to-year revenue fluctuations, making financial planning potentially challenging
Strengths
The following positive indicators were identified for The Holt Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency at the executive level.
- Substantial and growing asset base, increasing from $4.2M in 2012 to $17.8M in 2023.
- Very low liabilities relative to assets, indicating strong financial management and low debt.
- Long history of IRS 990 filings (11 filings), demonstrating transparency and consistent reporting.
Frequently Asked Questions about The Holt Family Foundation
Is The Holt Family Foundation a legitimate charity?
The Holt Family Foundation (EIN: 203478127) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $6.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Holt Family Foundation spend its money?
The Holt Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Holt Family Foundation tax-deductible?
The Holt Family Foundation is registered as a tax-exempt nonprofit (EIN: 203478127). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Holt Family Foundation CEO make?
The Holt Family Foundation's highest-compensated officer earns $17 annually. The organization reported $6.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Holt Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Holt Family Foundation is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Holt Family Foundation located?
The Holt Family Foundation is headquartered in Hackensack, New Jersey and files with the IRS under EIN 203478127. It is classified under NTEE code M20.
How many years of IRS 990 filings does The Holt Family Foundation have?
The Holt Family Foundation 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 $6.4M in total revenue.
Is The Holt Family Foundation a good charity?
Based on the provided data, The Holt Family Foundation appears to be a well-managed foundation with a strong asset base and a commitment to not paying officer compensation. Its financial health is robust, with assets of $17,828,784 in 2023. The lack of officer compensation is a significant positive indicator of efficiency and mission focus.
How has the foundation's financial health changed over time?
The foundation's assets have grown substantially from $4,245,943 in 2012 to $17,828,784 in 2023, indicating strong long-term financial growth. While revenue has fluctuated, sometimes leading to operating deficits (e.g., 2023 with $594,781 revenue vs. $1,022,589 expenses), the overall asset growth suggests a healthy and growing endowment.
What is the foundation's approach to executive compensation?
The Holt Family Foundation consistently reports 0% officer compensation across all available filings, meaning no salaries are paid to its officers. This is an excellent practice for a nonprofit, demonstrating a strong commitment to directing resources towards its mission rather than administrative salaries.
Filing History
IRS 990 filing history for The Holt Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Holt Family Foundation's revenue has declined by 46.1%, moving from $1.1M to $595K. Total assets increased by 1131.7% over the same period, from $1.4M to $17.8M. Total functional expenses rose by 1509.4%, from $64K to $1.0M. In its most recent filing year (2023), The Holt Family Foundation reported a deficit of $428K, with expenses exceeding revenue. The organization holds $7K in liabilities against $17.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $595K | $1.0M | $17.8M | $7K | — | — |
| 2022 | $1.6M | $902K | $17.0M | $6K | — | View 990 |
| 2021 | $2.5M | $918K | $18.9M | $10K | — | View 990 |
| 2020 | $738K | $966K | $17.0M | $10K | — | View 990 |
| 2019 | $2.0M | $111K | $16.3M | $11K | — | View 990 |
| 2019 | $4.0M | $895K | $14.0M | $8K | — | View 990 |
| 2015 | $2.3M | $460K | $7.5M | $1 | — | View 990 |
| 2014 | $1.1M | $471K | $6.0M | $1 | — | View 990 |
| 2013 | $1.2M | $148K | $5.3M | $1 | — | View 990 |
| 2012 | $2.9M | $106K | $4.2M | $1 | — | View 990 |
| 2011 | $1.1M | $64K | $1.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $595K, expenses of $1.0M, and assets of $17.8M (revenue -63.0% year-over-year).
- 2022: Revenue of $1.6M, expenses of $902K, and assets of $17.0M (revenue -35.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $918K, and assets of $18.9M (revenue +238.8% year-over-year).
- 2020: Revenue of $738K, expenses of $966K, and assets of $17.0M (revenue -63.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $111K, and assets of $16.3M (revenue -49.3% year-over-year).
- 2019: Revenue of $4.0M, expenses of $895K, and assets of $14.0M (revenue +71.5% year-over-year).
- 2015: Revenue of $2.3M, expenses of $460K, and assets of $7.5M (revenue +101.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $471K, and assets of $6.0M (revenue -5.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $148K, and assets of $5.3M (revenue -58.5% year-over-year).
- 2012: Revenue of $2.9M, expenses of $106K, and assets of $4.2M (revenue +163.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $64K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Holt Family Foundation:
Data Sources and Methodology
This transparency report for The Holt Family 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.