The Wayne And Janet Hart Family Foundation Inc
The Wayne And Janet Hart Family Foundation maintains stable assets and zero officer compensation.
EIN: 208061124 · Scottsdale, AZ · NTEE: T22 · Updated: 2026-03-28
Is The Wayne And Janet Hart Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wayne And Janet Hart Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wayne And Janet Hart Family Foundation Inc
The Wayne And Janet Hart Family Foundation Inc (EIN: 208061124) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T22. The organization reported total revenue of $269K and total assets of $962K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wayne And Janet Hart Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wayne And Janet Hart Family 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 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $64K |
| Surplus / Deficit | +$49K |
| Total Assets | $953K |
| Total Liabilities | $1 |
| Net Assets | $953K |
| Operating Margin | 43.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.9 months |
Financial Health Grade: A
In 2023, The Wayne And Janet Hart Family Foundation Inc reported a surplus of $49K with revenue exceeding expenses, holds 179.9 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 Wayne And Janet Hart Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +255.7% | -4.7% | +5.4% |
| 2022 | -73.2% | -10.5% | -3.7% |
| 2021 | +43.3% | +3.6% | +4.4% |
| 2020 | -9.6% | +16.3% | +0.8% |
| 2019 | -3.6% | -7.0% | -0.5% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Wayne And Janet Hart Family Foundation Inc 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Wayne And Janet Hart Family Foundation Inc 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 surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's officers are unpaid, which is a significant strength for resource allocation relative to its size.
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 The Wayne And Janet Hart Family Foundation Inc:
- Consistent asset growth, from $831,207 in 201112 to $953,129 in 202312.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Minimal to no liabilities reported, demonstrating strong financial solvency.
- Expenses generally well-managed and below revenue in most periods, ensuring sustainability.
Frequently Asked Questions about The Wayne And Janet Hart Family Foundation Inc
Is The Wayne And Janet Hart Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wayne And Janet Hart Family Foundation Inc (EIN: 208061124) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does The Wayne And Janet Hart Family Foundation Inc spend its money?
The Wayne And Janet Hart Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Wayne And Janet Hart Family Foundation Inc tax-deductible?
The Wayne And Janet Hart Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208061124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Wayne And Janet Hart Family Foundation Inc a good charity?
Based on the available data, the foundation demonstrates strong financial stability with consistent assets and minimal liabilities. The complete absence of officer compensation is a significant positive, suggesting a high dedication of resources to its mission. Its effectiveness as a 'good charity' would further depend on the impact and reach of its grant-making activities, which are not detailed in this financial summary.
How does the foundation manage its expenses?
The foundation consistently keeps its expenses below its revenue in most years, such as in 202312 where revenue was $112,220 and expenses were $63,572. The most notable aspect of its expense management is the complete absence of officer compensation, indicating very low administrative overhead related to leadership salaries.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend over the decade, growing from $831,207 in 201112 to $953,129 in 202312, indicating prudent financial management and growth in its endowment.
Filing History
IRS 990 filing history for The Wayne And Janet Hart Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Wayne And Janet Hart Family Foundation Inc's revenue has grown by 51.6%, moving from $74K to $112K. Total assets increased by 14.7% over the same period, from $831K to $953K. Total functional expenses rose by 8.1%, from $59K to $64K. In its most recent filing year (2023), The Wayne And Janet Hart Family Foundation Inc reported a surplus of $49K, with revenue exceeding expenses. The organization holds $1 in liabilities against $953K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $953K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $112K | $64K | $953K | $1 | — | — |
| 2022 | $32K | $67K | $904K | $1 | — | View 990 |
| 2021 | $118K | $75K | $940K | $1 | — | View 990 |
| 2020 | $82K | $72K | $900K | $1 | — | — |
| 2019 | $91K | $62K | $893K | $1 | — | View 990 |
| 2015 | $94K | $67K | $897K | $1 | — | View 990 |
| 2014 | $98K | $64K | $873K | $0 | — | View 990 |
| 2013 | $92K | $63K | $842K | $1 | — | View 990 |
| 2012 | $46K | $63K | $814K | $1 | — | View 990 |
| 2011 | $74K | $59K | $831K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112K, expenses of $64K, and assets of $953K (revenue +255.7% year-over-year).
- 2022: Revenue of $32K, expenses of $67K, and assets of $904K (revenue -73.2% year-over-year).
- 2021: Revenue of $118K, expenses of $75K, and assets of $940K (revenue +43.3% year-over-year).
- 2020: Revenue of $82K, expenses of $72K, and assets of $900K (revenue -9.6% year-over-year).
- 2019: Revenue of $91K, expenses of $62K, and assets of $893K (revenue -3.6% year-over-year).
- 2015: Revenue of $94K, expenses of $67K, and assets of $897K (revenue -3.5% year-over-year).
- 2014: Revenue of $98K, expenses of $64K, and assets of $873K (revenue +5.5% year-over-year).
- 2013: Revenue of $92K, expenses of $63K, and assets of $842K (revenue +99.9% year-over-year).
- 2012: Revenue of $46K, expenses of $63K, and assets of $814K (revenue -37.5% year-over-year).
- 2011: Revenue of $74K, expenses of $59K, and assets of $831K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wayne And Janet Hart Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Wayne And Janet Hart 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.