Quick charity verification for Lamando Fam Foundation Tr (EIN: 206388980)
Verdict: Lamando Fam Foundation Tr appears trustworthy
80/100Mission Score
$1.2MRevenue
$4.3MAssets
2Red Flags
3Strengths
Red Flags
Significant revenue volatility, including negative revenue in 202212
Expenses exceeding revenue in multiple periods (e.g., 202212, 202012, 201512, 201112)
Strengths
Strong and growing asset base, reaching $4,866,898 in 202312
Minimal liabilities, consistently reported as $1, indicating strong solvency
No reported officer compensation, potentially leading to lower administrative overhead
Spending Breakdown
How Lamando Fam Foundation Tr allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lamando Fam Foundation Tr
Is Lamando Fam Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Lamando Fam Foundation Tr (EIN: 206388980) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Lamando Fam Foundation Tr a good charity to donate to?
Lamando Fam Foundation Tr has a Mission Score of 80/100. Revenue: $1.2M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lamando Fam Foundation Tr?
The Employer Identification Number (EIN) for Lamando Fam Foundation Tr is 206388980. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lamando Fam Foundation Tr spend its money?
Lamando Fam Foundation Tr allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lamando Fam Foundation Tr's tax-exempt status?
You can verify Lamando Fam Foundation Tr's tax-exempt status using EIN 206388980 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Lamando Fam Foundation Tr demonstrates a generally stable financial position with assets consistently above $4 million, reaching $4,866,898 in the latest filing period (202312). Revenue has fluctuated significantly, including a negative revenue figure of $-107,582 in 202212, which warrants further investigation to understand its nature. Despite these fluctuations, the organization has maintained minimal liabilities, consistently reported as $1, indicating strong financial solvency and low debt risk. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or that compensation is handled through other means not captured in this specific line item, which could be a positive indicator of efficiency or a point for further inquiry regarding operational structure.
Spending efficiency appears to be reasonable, with expenses generally lower than revenue in most profitable years, allowing for asset growth. For instance, in 202312, expenses were $332,922 against revenue of $466,285. However, there have been periods where expenses exceeded revenue, such as in 202212 ($406,430 expenses vs. $-107,582 revenue) and 202012 ($275,265 expenses vs. $90,973 revenue), indicating reliance on prior year reserves or investment income to cover operational costs during those periods. The consistent reporting of liabilities at $1 across most years suggests a high degree of transparency regarding debt, though the specific nature of this $1 liability is not detailed.
Overall, the foundation appears to be financially sound with a healthy asset base and minimal liabilities. The primary area for deeper understanding lies in the volatility of its revenue streams and how expenses are managed during periods of lower or negative income. The lack of officer compensation is a notable characteristic, potentially contributing to lower administrative overhead, but also raises questions about the operational model and sustainability of leadership without direct compensation.