Verhoek Family Foundation
Verhoek Family Foundation reports $7 revenue and $1 in assets, indicating severe financial distress and potential inactivity.
EIN: 203956898 · Bismarck, ND · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7 |
| Total Expenses | $27K |
| Net Assets | $1 |
| Transparency Score | 5/100 |
Is Verhoek Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Verhoek Family Foundation
Verhoek Family Foundation (EIN: 203956898) is a nonprofit organization based in Bismarck, ND, classified under NTEE code T22. The organization reported total revenue of $7 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verhoek Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verhoek Family Foundation is a micro 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 -63.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $27K |
| Surplus / Deficit | $-27,352 |
| Total Assets | $2 |
| Total Liabilities | $1 |
| Net Assets | $1 |
| Operating Margin | -2735200.0% |
| Debt-to-Asset Ratio | 50.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Verhoek Family Foundation reported a deficit of $27K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 50.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Verhoek Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -63.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -34.6% | -100.0% |
| 2022 | +0.0% | +118.6% | -60.2% |
| 2021 | +0.0% | -72.9% | -21.7% |
| 2020 | -100.0% | +133.2% | -44.4% |
| 2019 | +335.8% | -68.9% | +584.2% |
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 Verhoek Family Foundation with a Mission Score of 5 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Verhoek Family Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, which is commendable and indicates no personal enrichment from the organization's limited funds.
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 Verhoek Family Foundation's IRS 990 filings:
- Extremely low and declining revenue ($7 latest, $1 for multiple prior years) compared to expenses.
- Significant and rapid depletion of assets (from $159,032 in 2019 to $1 currently).
- Consistent reporting of expenses far exceeding revenue, indicating chronic deficits.
- Lack of clear operational activity given the financial figures for a grantmaking foundation.
Strengths
The following positive indicators were identified for Verhoek Family Foundation:
- No reported officer compensation, indicating no personal financial benefit to executives.
Frequently Asked Questions about Verhoek Family Foundation
Is Verhoek Family Foundation a legitimate charity?
Verhoek Family Foundation (EIN: 203956898) is a registered tax-exempt nonprofit based in North Dakota. Our AI analysis gives it a Mission Score of 5/100. It has 10 years of IRS 990 filings on record. Total revenue: $7. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Verhoek Family Foundation spend its money?
Verhoek Family Foundation reported $7 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 Verhoek Family Foundation tax-deductible?
Verhoek Family Foundation is registered as a tax-exempt nonprofit (EIN: 203956898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Verhoek Family Foundation compare to similar nonprofits?
With a transparency score of 5/100 (Very Poor), Verhoek Family Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Verhoek Family Foundation located?
Verhoek Family Foundation is headquartered in Bismarck, North Dakota and files with the IRS under EIN 203956898. It is classified under NTEE code T22.
How many years of IRS 990 filings does Verhoek Family Foundation have?
Verhoek Family Foundation 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 $7 in total revenue.
Is the Verhoek Family Foundation still operational?
Based on the latest reported revenue of $7 and assets of $1, along with a consistent trend of $1 in revenue for several years against significant expenses, it is highly questionable whether the foundation is actively operational or effectively fulfilling its mission.
Why is revenue consistently so low?
The filings show revenue of $1 for periods 202010 through 202310, and $7 in the latest provided data. This extremely low revenue, especially for a grantmaking foundation, suggests a lack of funding sources or active fundraising, or that the organization has ceased significant operations.
What are the primary expenses if revenue is so low?
Even with minimal revenue, the foundation reported expenses ranging from $19,147 to $70,680 in recent years (2020-2023). Without detailed expense breakdowns, it's difficult to pinpoint, but these likely represent administrative costs, compliance, or residual operational expenses that far exceed its income.
What happened to the foundation's assets?
Assets have declined sharply from a peak of $159,032 in 2019 to just $2 in 2023 and $1 in the latest data. This indicates a significant depletion of its financial reserves, likely used to cover expenses in the absence of sufficient revenue.
Filing History
IRS 990 filing history for Verhoek Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Verhoek Family Foundation's revenue has declined by 100%, moving from $206K to $1. Total assets decreased by 100% over the same period, from $100K to $2. Total functional expenses fell by 79.3%, from $132K to $27K. In its most recent filing year (2023), Verhoek Family Foundation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2 in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $1.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $27K | $2 | $1 | — | — |
| 2022 | $1 | $42K | $28K | $171 | — | — |
| 2021 | $1 | $19K | $69K | $1 | — | — |
| 2020 | $1 | $71K | $88K | $1 | — | View 990 |
| 2019 | $153K | $30K | $159K | $0 | — | View 990 |
| 2015 | $35K | $97K | $23K | $-1,500 | — | View 990 |
| 2014 | $135K | $89K | $88K | $0 | — | View 990 |
| 2013 | $110K | $104K | $42K | $0 | — | View 990 |
| 2012 | $50K | $125K | $36K | $0 | — | View 990 |
| 2011 | $206K | $132K | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $27K, and assets of $2 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $42K, and assets of $28K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $19K, and assets of $69K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $71K, and assets of $88K (revenue -100.0% year-over-year).
- 2019: Revenue of $153K, expenses of $30K, and assets of $159K (revenue +335.8% year-over-year).
- 2015: Revenue of $35K, expenses of $97K, and assets of $23K (revenue -74.1% year-over-year).
- 2014: Revenue of $135K, expenses of $89K, and assets of $88K (revenue +22.7% year-over-year).
- 2013: Revenue of $110K, expenses of $104K, and assets of $42K (revenue +120.0% year-over-year).
- 2012: Revenue of $50K, expenses of $125K, and assets of $36K (revenue -75.7% year-over-year).
- 2011: Revenue of $206K, expenses of $132K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verhoek Family Foundation:
Data Sources and Methodology
This transparency report for Verhoek 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.