The Per And Astrid Heidenreich Family Foundation
Heidenreich Family Foundation maintains strong asset growth despite volatile revenue, with zero executive compensation.
EIN: 206382658 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
Is The Per And Astrid Heidenreich 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 Per And Astrid Heidenreich Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Per And Astrid Heidenreich Family Foundation
The Per And Astrid Heidenreich Family Foundation (EIN: 206382658) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $13.6M and total assets of $18.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Per And Astrid Heidenreich Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Per And Astrid Heidenreich Family Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $480K |
| Total Expenses | $605K |
| Surplus / Deficit | $-124,759 |
| Total Assets | $19.0M |
| Total Liabilities | $1 |
| Net Assets | $19.0M |
| Operating Margin | -26.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 376.3 months |
Financial Health Grade: B
In 2023, The Per And Astrid Heidenreich Family Foundation reported a deficit of $125K with expenses exceeding revenue, holds 376.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Per And Astrid Heidenreich Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.8% | -28.3% | -0.8% |
| 2022 | -87.2% | -35.1% | +1.3% |
| 2021 | +5.8% | +134.5% | +48.5% |
| 2020 | +1019.4% | -0.7% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Per And Astrid Heidenreich Family Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Per And Astrid Heidenreich Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $125K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Per And Astrid Heidenreich Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other entities, which significantly reduces administrative overhead for the foundation itself.
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 Per And Astrid Heidenreich Family Foundation's IRS 990 filings:
- Highly volatile annual revenue, making year-over-year operational budgeting potentially challenging.
Strengths
The following positive indicators were identified for The Per And Astrid Heidenreich Family Foundation:
- Consistent growth in assets, nearly doubling from $9.5M in 2011 to $18.9M in 2023.
- Zero reported officer compensation across all filings, indicating highly efficient administrative costs.
- Minimal liabilities ($1 or $0 in most recent filings), reflecting strong financial health and low debt.
- Consistent IRS 990 filing history (10 filings), demonstrating good transparency and compliance.
- Strong program focus as a grantmaking family foundation, with expenses likely directed towards charitable distributions.
Frequently Asked Questions about The Per And Astrid Heidenreich Family Foundation
Is The Per And Astrid Heidenreich Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Per And Astrid Heidenreich Family Foundation (EIN: 206382658) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does The Per And Astrid Heidenreich Family Foundation spend its money?
The Per And Astrid Heidenreich Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Per And Astrid Heidenreich Family Foundation tax-deductible?
The Per And Astrid Heidenreich Family Foundation is registered as a tax-exempt nonprofit (EIN: 206382658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Per And Astrid Heidenreich Family Foundation a good charity?
Yes, as a private family foundation, it appears to be a well-managed entity. It consistently reports zero officer compensation, has minimal liabilities, and a strong, growing asset base ($18,963,735 in 2023), indicating efficient use of resources for its grantmaking mission.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently, primarily due to the absence of executive compensation. Its expenses are generally well below its assets, and liabilities are consistently reported as minimal ($1 or $0), suggesting a focus on direct program-related spending.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $9,576,978 in 2011 to $18,963,735 in 2023, nearly doubling over the period. This indicates effective investment and financial stewardship.
Why is the revenue so inconsistent?
Revenue for foundations can be inconsistent due to the nature of large, infrequent donations, investment gains/losses, or specific endowment distributions. For example, revenue was $7,480,340 in 2021 but only $480,046 in 2023. This volatility is not uncommon for private foundations and doesn't necessarily indicate financial instability, especially given the consistent asset growth.
Filing History
IRS 990 filing history for The Per And Astrid Heidenreich Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Per And Astrid Heidenreich Family Foundation's revenue has declined by 92.9%, moving from $6.8M to $480K. Total assets increased by 98% over the same period, from $9.6M to $19.0M. Total functional expenses fell by 16.3%, from $723K to $605K. In its most recent filing year (2023), The Per And Astrid Heidenreich Family Foundation reported a deficit of $125K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $480K | $605K | $19.0M | $1 | — | — |
| 2022 | $956K | $843K | $19.1M | $1 | — | View 990 |
| 2021 | $7.5M | $1.3M | $18.9M | $1 | — | View 990 |
| 2020 | $7.1M | $554K | $12.7M | $1 | — | — |
| 2019 | $632K | $558K | $10.8M | $0 | — | View 990 |
| 2015 | $-291,932 | $1.2M | $11.1M | $0 | — | View 990 |
| 2014 | $6.2M | $998K | $12.6M | $0 | — | View 990 |
| 2013 | $213K | $1.7M | $7.6M | $0 | — | View 990 |
| 2012 | $228K | $685K | $9.1M | $11K | — | View 990 |
| 2011 | $6.8M | $723K | $9.6M | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $480K, expenses of $605K, and assets of $19.0M (revenue -49.8% year-over-year).
- 2022: Revenue of $956K, expenses of $843K, and assets of $19.1M (revenue -87.2% year-over-year).
- 2021: Revenue of $7.5M, expenses of $1.3M, and assets of $18.9M (revenue +5.8% year-over-year).
- 2020: Revenue of $7.1M, expenses of $554K, and assets of $12.7M (revenue +1019.4% year-over-year).
- 2019: Revenue of $632K, expenses of $558K, and assets of $10.8M.
- 2015: Revenue of $-291,932, expenses of $1.2M, and assets of $11.1M (revenue -104.7% year-over-year).
- 2014: Revenue of $6.2M, expenses of $998K, and assets of $12.6M (revenue +2795.0% year-over-year).
- 2013: Revenue of $213K, expenses of $1.7M, and assets of $7.6M (revenue -6.7% year-over-year).
- 2012: Revenue of $228K, expenses of $685K, and assets of $9.1M (revenue -96.6% year-over-year).
- 2011: Revenue of $6.8M, expenses of $723K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Per And Astrid Heidenreich Family Foundation:
Data Sources and Methodology
This transparency report for The Per And Astrid Heidenreich 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.