Drew Hassenbein Foundation Inc

Nonprofit profile at a glance

EIN
932546718
IRS 990 coverage
2023–2025
Forms available
Form 990 2025
Location
Marco Island, FL, USA
Phone
5168261893
Rating
73
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Racquet Sports

Official website

Reported finances

Revenue
$221,888
Expenses
$145,861
Assets
$530,219
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MITCHELL HASSENBEIN (PRESIDENT TREASURY)
  • JAIME HASSENBEIN (VICE PRESIDENT)

People named in this filing

  • MITCHELL HASSENBEIN (PRESIDENT TREASURY)
  • JAIME HASSENBEIN (VICE PRESIDENT)
  • ADRIAN CHIRICI (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The drew hassenbein foundation, dedicated to our beloved drew, is a 501(c)3 nonprofit organization helping expose underprivileged children to the sport of tennis, sponsoring elite juniors, and helping aspiring pros to become the next USA tennis champions.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 77
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.5%; rating input score 50
  • Program expense ratio: 62.7%; rating input score 63
  • Fundraising efficiency: $3.7 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 20th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 34.3%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 3.64; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 65.2% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -31.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 49.5% of revenue deployed · 62.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $91K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • High — Financial Efficiency: Fundraising efficiency scored 16/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.