William H And Leonora K Hegamyer Family Foundation Inc
William H And Leonora K Hegamyer Family Foundation consistently spends more than annual revenue, drawing from substantial assets.
EIN: 201593749 · Miami, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $494K |
| Program Spending | 85% |
| Net Assets | $7.5M |
| Transparency Score | 85/100 |
Is William H And Leonora K Hegamyer 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 →
William H And Leonora K Hegamyer Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William H And Leonora K Hegamyer Family Foundation Inc
William H And Leonora K Hegamyer Family Foundation Inc (EIN: 201593749) is a nonprofit organization based in Miami, FL, classified under NTEE code T20. The organization reported total revenue of $2.2M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William H And Leonora K Hegamyer Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William H And Leonora K Hegamyer Family Foundation Inc is a mid-size nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $494K |
| Surplus / Deficit | $-369,803 |
| Total Assets | $7.5M |
| Total Liabilities | $1 |
| Net Assets | $7.5M |
| Operating Margin | -297.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 182.7 months |
Financial Health Grade: B
In 2023, William H And Leonora K Hegamyer Family Foundation Inc reported a deficit of $370K with expenses exceeding revenue, holds 182.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), William H And Leonora K Hegamyer Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.0% | -8.1% | -2.2% |
| 2022 | -51.6% | -5.0% | +8.8% |
| 2021 | +24.9% | +1.3% | -2.0% |
| 2020 | +30.6% | -0.8% | -3.0% |
| 2019 | -30.8% | -6.6% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 William H And Leonora K Hegamyer 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, William H And Leonora K Hegamyer Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $370K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds towards the foundation's 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 William H And Leonora K Hegamyer Family Foundation Inc's IRS 990 filings:
- Consistent spending exceeding annual revenue, indicating reliance on asset draw-down rather than self-sufficiency from income (common for foundations but worth noting).
Strengths
The following positive indicators were identified for William H And Leonora K Hegamyer Family Foundation Inc:
- Zero officer compensation reported across all filings, maximizing funds for mission.
- Consistently low liabilities ($1 across all filings), indicating strong financial health and no debt burden.
- Substantial asset base ($7,524,265 in 2023) provides long-term stability.
- Consistent IRS 990 filings demonstrate good transparency.
Frequently Asked Questions about William H And Leonora K Hegamyer Family Foundation Inc
Is William H And Leonora K Hegamyer Family Foundation Inc a legitimate charity?
William H And Leonora K Hegamyer Family Foundation Inc (EIN: 201593749) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does William H And Leonora K Hegamyer Family Foundation Inc spend its money?
William H And Leonora K Hegamyer Family Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to William H And Leonora K Hegamyer Family Foundation Inc tax-deductible?
William H And Leonora K Hegamyer Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201593749). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does William H And Leonora K Hegamyer Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), William H And Leonora K Hegamyer Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is William H And Leonora K Hegamyer Family Foundation Inc located?
William H And Leonora K Hegamyer Family Foundation Inc is headquartered in Miami, Florida and files with the IRS under EIN 201593749. It is classified under NTEE code T20.
How many years of IRS 990 filings does William H And Leonora K Hegamyer Family Foundation Inc have?
William H And Leonora K Hegamyer Family Foundation Inc has 8 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 $2.2M in total revenue.
Is the William H And Leonora K Hegamyer Family Foundation Inc. financially stable?
Yes, despite consistently spending more than its annual revenue (e.g., $494,111 expenses vs. $124,308 revenue in 2023), the foundation is financially stable due to its substantial asset base, which was $7,524,265 in 2023.
Does the foundation pay its officers?
No, the foundation reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries are paid to its officers.
How transparent is the foundation?
The foundation demonstrates good transparency by consistently filing its IRS Form 990s, with 8 filings available, providing public access to its financial data.
Is the foundation growing or shrinking in assets?
The foundation's assets have shown a slight decline over the long term, from $9,085,785 in 2013 to $7,524,265 in 2023, suggesting it is actively distributing its endowment.
Filing History
IRS 990 filing history for William H And Leonora K Hegamyer Family Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), William H And Leonora K Hegamyer Family Foundation Inc's revenue has declined by 54.8%, moving from $275K to $124K. Total assets decreased by 17.2% over the same period, from $9.1M to $7.5M. Total functional expenses rose by 3.9%, from $475K to $494K. In its most recent filing year (2023), William H And Leonora K Hegamyer Family Foundation Inc reported a deficit of $370K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124K | $494K | $7.5M | $1 | — | — |
| 2022 | $204K | $538K | $7.7M | $1 | — | View 990 |
| 2021 | $422K | $566K | $7.1M | $1 | — | View 990 |
| 2020 | $338K | $558K | $7.2M | $1 | — | View 990 |
| 2019 | $258K | $563K | $7.4M | $1 | — | View 990 |
| 2015 | $374K | $602K | $8.8M | $1 | — | View 990 |
| 2014 | $570K | $612K | $9.0M | $1 | — | View 990 |
| 2013 | $275K | $475K | $9.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124K, expenses of $494K, and assets of $7.5M (revenue -39.0% year-over-year).
- 2022: Revenue of $204K, expenses of $538K, and assets of $7.7M (revenue -51.6% year-over-year).
- 2021: Revenue of $422K, expenses of $566K, and assets of $7.1M (revenue +24.9% year-over-year).
- 2020: Revenue of $338K, expenses of $558K, and assets of $7.2M (revenue +30.6% year-over-year).
- 2019: Revenue of $258K, expenses of $563K, and assets of $7.4M (revenue -30.8% year-over-year).
- 2015: Revenue of $374K, expenses of $602K, and assets of $8.8M (revenue -34.5% year-over-year).
- 2014: Revenue of $570K, expenses of $612K, and assets of $9.0M (revenue +107.3% year-over-year).
- 2013: Revenue of $275K, expenses of $475K, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William H And Leonora K Hegamyer Family Foundation Inc:
Data Sources and Methodology
This transparency report for William H And Leonora K Hegamyer 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.