The Jim And Carol Havens Family Foundation Inc
The Jim And Carol Havens Family Foundation Inc shows significant revenue growth and zero officer compensation, with expenses slightly exceeding revenue in 2023.
EIN: 203796088 · Evansville, IN · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $267K |
| Program Spending | 90% |
| Net Assets | $55K |
| Transparency Score | 90/100 |
Is The Jim And Carol Havens Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Jim And Carol Havens Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Jim And Carol Havens Family Foundation Inc
The Jim And Carol Havens Family Foundation Inc (EIN: 203796088) is a nonprofit organization based in Evansville, IN, classified under NTEE code T23. The organization reported total revenue of $241K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Jim And Carol Havens Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Jim And Carol Havens Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $267K |
| Surplus / Deficit | $-2,965 |
| Total Assets | $56K |
| Total Liabilities | $284 |
| Net Assets | $55K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 2.5 months |
Financial Health Grade: C
In 2023, The Jim And Carol Havens Family Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Jim And Carol Havens Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +221.4% | +532.7% | -4.6% |
| 2022 | +78.1% | +43.0% | +217.1% |
| 2021 | +129.1% | +0.4% | +932.1% |
| 2020 | +36.8% | +651.0% | -83.9% |
| 2019 | +407.0% | -46.7% | +302.5% |
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 Jim And Carol Havens Family Foundation Inc with a Mission Score of 90 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 Jim And Carol Havens Family Foundation Inc 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly favorable for a foundation of this size and suggests all funds are directed towards its mission.
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 Jim And Carol Havens Family Foundation Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in 2023 ($266,866 vs $263,901), indicating a minor deficit for the year.
Strengths
The following positive indicators were identified for The Jim And Carol Havens Family Foundation Inc:
- Consistent 0% officer compensation across all filings, demonstrating high efficiency.
- Significant revenue growth from $20,120 in 2020 to $263,901 in 2023.
- Substantial asset growth from $1,782 in 2020 to $55,640 in 2023.
- Likely very high program spending ratio due to minimal administrative and fundraising costs.
Frequently Asked Questions about The Jim And Carol Havens Family Foundation Inc
Is The Jim And Carol Havens Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Jim And Carol Havens Family Foundation Inc (EIN: 203796088) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does The Jim And Carol Havens Family Foundation Inc spend its money?
The Jim And Carol Havens Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Jim And Carol Havens Family Foundation Inc tax-deductible?
The Jim And Carol Havens Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203796088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Jim And Carol Havens Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Jim And Carol Havens Family 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 The Jim And Carol Havens Family Foundation Inc located?
The Jim And Carol Havens Family Foundation Inc is headquartered in Evansville, Indiana and files with the IRS under EIN 203796088. It is classified under NTEE code T23.
How many years of IRS 990 filings does The Jim And Carol Havens Family Foundation Inc have?
The Jim And Carol Havens Family 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 $241K in total revenue.
Is The Jim And Carol Havens Family Foundation Inc a good charity?
Based on the available data, the foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its program spending is likely very high given the lack of executive salaries and fundraising expenses. The significant growth in revenue and assets in recent years also suggests increasing impact.
How has the foundation's financial health changed over time?
The foundation has experienced substantial financial growth, particularly from 2020 to 2023. Revenue increased from $20,120 in 2020 to $263,901 in 2023, and assets grew from $1,782 to $55,640 in the same period. This indicates a positive trend in its capacity and financial standing.
What is the foundation's approach to administrative costs?
The foundation demonstrates a very lean approach to administrative costs, especially regarding executive compensation, which is consistently reported as 0%. This suggests a strong focus on minimizing overhead and maximizing funds for programmatic activities.
Filing History
IRS 990 filing history for The Jim And Carol Havens Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Jim And Carol Havens Family Foundation Inc's revenue has grown by 1910.7%, moving from $13K to $264K. Total assets increased by 167.5% over the same period, from $21K to $56K. Total functional expenses rose by 1367.7%, from $18K to $267K. In its most recent filing year (2023), The Jim And Carol Havens Family Foundation Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $284 in liabilities against $56K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $267K | $56K | $284 | — | — |
| 2022 | $82K | $42K | $58K | $1 | — | View 990 |
| 2021 | $46K | $29K | $18K | $1 | — | View 990 |
| 2020 | $20K | $29K | $2K | $1 | — | — |
| 2019 | $15K | $4K | $11K | $1 | — | View 990 |
| 2015 | $3K | $7K | $3K | $0 | — | View 990 |
| 2014 | $5K | $10K | $7K | $0 | — | View 990 |
| 2013 | $5K | $11K | $12K | $0 | — | View 990 |
| 2012 | $6K | $9K | $17K | $0 | — | View 990 |
| 2011 | $13K | $18K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $267K, and assets of $56K (revenue +221.4% year-over-year).
- 2022: Revenue of $82K, expenses of $42K, and assets of $58K (revenue +78.1% year-over-year).
- 2021: Revenue of $46K, expenses of $29K, and assets of $18K (revenue +129.1% year-over-year).
- 2020: Revenue of $20K, expenses of $29K, and assets of $2K (revenue +36.8% year-over-year).
- 2019: Revenue of $15K, expenses of $4K, and assets of $11K (revenue +407.0% year-over-year).
- 2015: Revenue of $3K, expenses of $7K, and assets of $3K (revenue -45.8% year-over-year).
- 2014: Revenue of $5K, expenses of $10K, and assets of $7K (revenue +4.3% year-over-year).
- 2013: Revenue of $5K, expenses of $11K, and assets of $12K (revenue -9.1% year-over-year).
- 2012: Revenue of $6K, expenses of $9K, and assets of $17K (revenue -57.1% year-over-year).
- 2011: Revenue of $13K, expenses of $18K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Jim And Carol Havens Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Jim And Carol Havens Family 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.