Lawrence & Augusta Hager Educational Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Lawrence & Augusta Hager Educational Foundation Inc is a 501(c)(3) organization based in Owensboro, Kentucky, registered in 1991, with $1,153,916 in FY2024 revenue. CharityIndex grades it F.
Po Box 1824, Owensboro, KY, 42302 EIN 61-1187348 Since 1991
Revenue (FY2024)
$1.2M
▲ 114.7% vs prior year
Expenses (FY2024)
$2.1M
Net assets
$6.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Lawrence & Augusta Hager Educational Foundation Inc— 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 rating36 mo reserves · -82% 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 Lawrence & Augusta Hager Educational Foundation Inc: 36 mo reserves · -82% 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 Lawrence & Augusta Hager Educational Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Lawrence & Augusta Hager Educational Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $695K (FY2014) to $1.2M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $811Net assets $6.4M
Operating margin
-82.1%
Spent more than it raised in the latest fiscal year.
Total assets
$6.4M
Total liabilities
$811
Net assets
$6.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,153,916▲115% | $2,101,461▲91.0% | $6,389,772▼12.9% | $6,390,583▼13.0% | 990PF |
| 2023 | $537,403▲95.5% | $1,100,119▲224% | $7,337,317▼7.1% | $7,342,200▼7.1% | 990PF |
| 2022 | $274,833▼51.5% | $339,112▼24.6% | $7,900,033▼0.8% | $7,903,248▼0.8% | 990PF |
| 2021 | $566,190▲83.5% | $449,722▼22.5% | $7,964,312▲1.5% | $7,969,228▲1.4% | 990PF |
| 2020 | $308,555▼55.6% | $580,260▲226% | $7,847,844▲159% | $7,855,418▲159% | 990PF |
| 2014 | $695,088 | $178,251 | $3,026,500 | $3,028,868 | 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.
Frequently asked questions
- Is Lawrence & Augusta Hager Educational Foundation Inc a legitimate nonprofit?
- Yes. Lawrence & Augusta Hager Educational Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-1187348, based in Owensboro, Kentucky. Donations are tax-deductible.
- What is Lawrence & Augusta Hager Educational Foundation Inc's EIN?
- Lawrence & Augusta Hager Educational Foundation Inc's Employer Identification Number (EIN) is 61-1187348.
- How much revenue does Lawrence & Augusta Hager Educational Foundation Inc report?
- Lawrence & Augusta Hager Educational Foundation Inc reported $1,153,916 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lawrence & Augusta Hager Educational Foundation Inc have?
- CharityIndex grades Lawrence & Augusta Hager Educational Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Lawrence & Augusta Hager Educational Foundation Inc (EIN 61-1187348) 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.