Yaverland Foundation Inc
Yaverland Foundation experiences declining revenue and operational deficits, drawing on assets.
EIN: 202417830 · Montchanin, DE · NTEE: T22 · Updated: 2026-03-28
Is Yaverland Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yaverland Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yaverland Foundation Inc
Yaverland Foundation Inc (EIN: 202417830) is a nonprofit organization based in Montchanin, DE, classified under NTEE code T22. The organization reported total revenue of $4.3M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yaverland Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yaverland Foundation Inc is a mid-size 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 -10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $390K |
| Surplus / Deficit | $-209,214 |
| Total Assets | $6.1M |
| Total Liabilities | $1 |
| Net Assets | $6.1M |
| Operating Margin | -115.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 189.3 months |
Financial Health Grade: B
In 2023, Yaverland Foundation Inc reported a deficit of $209K with expenses exceeding revenue, holds 189.3 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), Yaverland Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.3% | -1.1% | -3.3% |
| 2022 | -46.4% | -12.4% | -2.3% |
| 2021 | -47.8% | +22.8% | +0.0% |
| 2020 | +64.1% | -0.6% | +8.3% |
| 2019 | +22.8% | +4.9% | +4.4% |
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 Yaverland Foundation Inc with a Mission Score of 70 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Yaverland Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $209K, 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 the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $6 million in assets.
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 Yaverland Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $389,762 vs. revenue $180,548).
- Significant and rapid decline in revenue from $862,765 in 2020 to $180,548 in 2023.
- Lack of reported officer compensation for an organization managing over $6 million in assets, which could indicate reliance on unpaid leadership or unusual compensation structures.
Strengths
The following positive indicators were identified for Yaverland Foundation Inc:
- Very low liabilities, consistently reported as $1 in recent years, indicating strong balance sheet health.
- Stable asset base over the past decade, maintaining over $6 million in assets.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Absence of reported officer compensation suggests a commitment to minimizing executive overhead.
Frequently Asked Questions about Yaverland Foundation Inc
Is Yaverland Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Yaverland Foundation Inc (EIN: 202417830) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Yaverland Foundation Inc spend its money?
Yaverland Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Yaverland Foundation Inc tax-deductible?
Yaverland Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202417830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has the Yaverland Foundation's revenue significantly decreased from $862,765 in 2020 to $180,548 in 2023?
The filings do not provide specific reasons for the sharp decline in revenue. This trend suggests a potential change in funding sources, investment performance, or grantmaking strategy that is not immediately apparent from the summary data.
How does the Yaverland Foundation cover its operational deficits, given that expenses have exceeded revenue in recent years?
With expenses exceeding revenue in 2023 ($389,762 vs. $180,548) and 2022 ($394,174 vs. $241,602), the organization is likely drawing down on its accumulated assets or relying on investment income not fully captured in the 'revenue' line item, which is not sustainable long-term without a reversal of the trend.
What specific programs does the Yaverland Foundation fund, and what is the impact of these programs?
The provided IRS 990 data, particularly the NTEE code T22 (Grantmaking Foundations), indicates the organization primarily makes grants. However, the data does not detail the specific recipients or the impact of these grants, which would require reviewing the full 990 forms.
Is the 0% officer compensation sustainable or indicative of a fully volunteer-run organization?
The consistent 0% officer compensation suggests a strong reliance on volunteer leadership or that compensation is structured in a way not reported as officer compensation. While it keeps administrative costs low, for an organization managing over $6 million in assets, it raises questions about the long-term sustainability and professional management capacity without paid leadership.
Filing History
IRS 990 filing history for Yaverland Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Yaverland Foundation Inc's revenue has declined by 73.3%, moving from $676K to $181K. Total assets increased by 33% over the same period, from $4.6M to $6.1M. Total functional expenses rose by 57.8%, from $247K to $390K. In its most recent filing year (2023), Yaverland Foundation Inc reported a deficit of $209K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $390K | $6.1M | $1 | — | — |
| 2022 | $242K | $394K | $6.4M | $1 | — | — |
| 2021 | $451K | $450K | $6.5M | $1 | — | View 990 |
| 2020 | $863K | $366K | $6.5M | $1 | — | View 990 |
| 2019 | $526K | $369K | $6.0M | $1 | — | — |
| 2015 | $428K | $351K | $5.8M | $61K | — | View 990 |
| 2014 | $611K | $197K | $5.7M | $61K | — | View 990 |
| 2013 | $596K | $149K | $5.3M | $43K | — | View 990 |
| 2012 | $441K | $259K | $4.8M | $42K | — | View 990 |
| 2011 | $676K | $247K | $4.6M | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $390K, and assets of $6.1M (revenue -25.3% year-over-year).
- 2022: Revenue of $242K, expenses of $394K, and assets of $6.4M (revenue -46.4% year-over-year).
- 2021: Revenue of $451K, expenses of $450K, and assets of $6.5M (revenue -47.8% year-over-year).
- 2020: Revenue of $863K, expenses of $366K, and assets of $6.5M (revenue +64.1% year-over-year).
- 2019: Revenue of $526K, expenses of $369K, and assets of $6.0M (revenue +22.8% year-over-year).
- 2015: Revenue of $428K, expenses of $351K, and assets of $5.8M (revenue -29.9% year-over-year).
- 2014: Revenue of $611K, expenses of $197K, and assets of $5.7M (revenue +2.5% year-over-year).
- 2013: Revenue of $596K, expenses of $149K, and assets of $5.3M (revenue +35.1% year-over-year).
- 2012: Revenue of $441K, expenses of $259K, and assets of $4.8M (revenue -34.8% year-over-year).
- 2011: Revenue of $676K, expenses of $247K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yaverland Foundation Inc:
Data Sources and Methodology
This transparency report for Yaverland 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.