The@Hamer D And Phyllis C Shafer Foundation Charitable Trust
EIN: 351997098 · Muncie, IN · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $508K |
| Net Assets | $8.6M |
Is The@Hamer D And Phyllis C Shafer Foundation Charitable Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The@Hamer D And Phyllis C Shafer Foundation Charitable Trust
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust (EIN: 351997098) is a nonprofit organization based in Muncie, IN, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Hamer D And Phyllis C Shafer Foundation Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $416K |
| Total Expenses | $508K |
| Surplus / Deficit | $-92,005 |
| Total Assets | $8.6M |
| Total Liabilities | $2K |
| Net Assets | $8.6M |
| Operating Margin | -22.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 204.1 months |
Financial Health Grade: B
In 2023, The@Hamer D And Phyllis C Shafer Foundation Charitable Trust reported a deficit of $92K with expenses exceeding revenue, holds 204.1 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@Hamer D And Phyllis C Shafer Foundation Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.0% | +11.1% | -1.0% |
| 2022 | -76.2% | -11.9% | -2.5% |
| 2021 | +292.7% | +12.8% | +6.0% |
| 2020 | -49.4% | -10.4% | -2.3% |
| 2019 | +16.4% | +11.1% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The@Hamer D And Phyllis C Shafer Foundation Charitable Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The@Hamer D And Phyllis C Shafer Foundation Charitable Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about The@Hamer D And Phyllis C Shafer Foundation Charitable Trust
Is The@Hamer D And Phyllis C Shafer Foundation Charitable Trust a legitimate charity?
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust (EIN: 351997098) is a registered tax-exempt nonprofit based in Indiana. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. Financial health grade: B.
How does The@Hamer D And Phyllis C Shafer Foundation Charitable Trust spend its money?
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust reported $1.6M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The@Hamer D And Phyllis C Shafer Foundation Charitable Trust tax-deductible?
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust is registered as a tax-exempt nonprofit (EIN: 351997098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The@Hamer D And Phyllis C Shafer Foundation Charitable Trust located?
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust is headquartered in Muncie, Indiana and files with the IRS under EIN 351997098. It is classified under NTEE code T22.
How many years of IRS 990 filings does The@Hamer D And Phyllis C Shafer Foundation Charitable Trust have?
The@Hamer D And Phyllis C Shafer Foundation Charitable Trust 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for The@Hamer D And Phyllis C Shafer Foundation Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The@Hamer D And Phyllis C Shafer Foundation Charitable Trust's revenue has declined by 38.1%, moving from $672K to $416K. Total assets increased by 560.5% over the same period, from $1.3M to $8.6M. Total functional expenses rose by 60.3%, from $317K to $508K. In its most recent filing year (2023), The@Hamer D And Phyllis C Shafer Foundation Charitable Trust reported a deficit of $92K, with expenses exceeding revenue. The organization holds $2K in liabilities against $8.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $416K | $508K | $8.6M | $2K | — | — |
| 2022 | $242K | $458K | $8.7M | $1 | — | View 990 |
| 2021 | $1.0M | $520K | $9.0M | $11K | — | View 990 |
| 2020 | $259K | $461K | $8.5M | $1 | — | — |
| 2019 | $511K | $514K | $8.7M | $1 | — | View 990 |
| 2015 | $439K | $463K | $8.7M | $1 | — | View 990 |
| 2014 | $1.9M | $444K | $8.7M | $2K | — | View 990 |
| 2013 | $6.2M | $366K | $7.3M | $15K | — | View 990 |
| 2012 | $455K | $349K | $1.4M | $0 | — | View 990 |
| 2011 | $672K | $317K | $1.3M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $416K, expenses of $508K, and assets of $8.6M (revenue +72.0% year-over-year).
- 2022: Revenue of $242K, expenses of $458K, and assets of $8.7M (revenue -76.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $520K, and assets of $9.0M (revenue +292.7% year-over-year).
- 2020: Revenue of $259K, expenses of $461K, and assets of $8.5M (revenue -49.4% year-over-year).
- 2019: Revenue of $511K, expenses of $514K, and assets of $8.7M (revenue +16.4% year-over-year).
- 2015: Revenue of $439K, expenses of $463K, and assets of $8.7M (revenue -76.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $444K, and assets of $8.7M (revenue -69.7% year-over-year).
- 2013: Revenue of $6.2M, expenses of $366K, and assets of $7.3M (revenue +1266.4% year-over-year).
- 2012: Revenue of $455K, expenses of $349K, and assets of $1.4M (revenue -32.3% year-over-year).
- 2011: Revenue of $672K, expenses of $317K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The@Hamer D And Phyllis C Shafer Foundation Charitable Trust:
Data Sources and Methodology
This transparency report for The@Hamer D And Phyllis C Shafer Foundation Charitable Trust 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.