Eric D and Steven D Hovde Foundation
Only null% goes to programs Strong reserves Declining revenue
Eric D and Steven D Hovde Foundation is a 501(c)(3) organization based in Madison, Wisconsin, registered in 1999, with $481,652 in FY2024 revenue. CharityIndex grades it D.
122 W Washington Ave Ste 350, Madison, WI, 53703 EIN 52-2107093 Since 1999
Revenue (FY2024)
$482K
▲ 132.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.0M
Net assets
$6.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Eric D and Steven D Hovde Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating40 mo reserves · -321% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Eric D and Steven D Hovde Foundation: 40 mo reserves · -321% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Eric D and Steven D Hovde Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Eric D and Steven D Hovde Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 122 W Washington Ave Ste 350, Madison, WI, 53703
- City
- Madison
- State
- Wisconsin
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue declined from $1.3M (FY2014) to $482K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $61KNet assets $6.8M
Operating margin
-321.3%
Spent more than it raised in the latest fiscal year.
Total assets
$6.9M
Total liabilities
$61K
Net assets
$6.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $481,652▲132% | $2,029,179▼21.6% | $6,811,800▼23.6% | $6,872,728▼25.1% | 990PF |
| 2023 | $207,213▼89.4% | $2,587,625▲7.1% | $8,914,161▼19.6% | $9,171,095▼17.5% | 990PF |
| 2022 | $1,949,533▲103% | $2,415,822▲94.1% | $11,091,852▼6.4% | $11,112,638▼6.8% | 990PF |
| 2021 | $962,613▼9.0% | $1,244,718▼30.5% | $11,855,727▲0.1% | $11,918,657▲0.6% | 990PF |
| 2020 | $1,058,225▼18.7% | $1,791,354▲83.8% | $11,838,743▼5.3% | $11,842,243▼11.8% | 990PF |
| 2014 | $1,302,399 | $974,368 | $12,495,053 | $13,419,585 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Eric D and Steven D Hovde Foundation a legitimate nonprofit?
- Yes. Eric D and Steven D Hovde Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-2107093, based in Madison, Wisconsin. Donations are tax-deductible.
- What is Eric D and Steven D Hovde Foundation's EIN?
- Eric D and Steven D Hovde Foundation's Employer Identification Number (EIN) is 52-2107093.
- How much revenue does Eric D and Steven D Hovde Foundation report?
- Eric D and Steven D Hovde Foundation reported $481,652 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Eric D and Steven D Hovde Foundation have?
- CharityIndex grades Eric D and Steven D Hovde Foundation D, based on financial health (reserves and operating margin).
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Data for Eric D and Steven D Hovde Foundation (EIN 52-2107093) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.