Jason Halvorsen Foundation Inc

Nonprofit profile at a glance

EIN
471987056
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025
Location
Ione, OR, USA
Phone
5414227107
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Private Independent Foundations

Reported finances

Revenue
$13,345
Expenses
$4,998
Assets
$134,006

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Frank Halvorsen (President)

People named in this filing

  • Frank Halvorsen (President)
  • Cathy Halvorsen (Secretary)
  • Ryan Halvorsen (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-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide post-secondary scholarships to students graduating from Ione, OR Community School and from schools in Morrow County, OR.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 26
  • Transparency & Controls: 82
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.6%; rating input score 16
  • Program expense ratio: 41.7%; rating input score 42

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 62.5%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 26.81; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: -26.3% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 15.6% of revenue deployed · 41.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 42/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.