Connie And Bob Lurie Foundation Inc
Connie And Bob Lurie Foundation Inc. maintains substantial assets and zero officer compensation while actively granting.
EIN: 208004479 · Redwood City, CA · NTEE: T22 · Updated: 2026-03-28
Is Connie And Bob Lurie Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connie And Bob Lurie Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connie And Bob Lurie Foundation Inc
Connie And Bob Lurie Foundation Inc (EIN: 208004479) is a nonprofit organization based in Redwood City, CA, classified under NTEE code T22. The organization reported total revenue of $49.9M and total assets of $80.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connie And Bob Lurie Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connie And Bob Lurie Foundation Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $15.1M |
| Surplus / Deficit | $-9,939,537 |
| Total Assets | $84.9M |
| Total Liabilities | $1 |
| Net Assets | $84.9M |
| Operating Margin | -193.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 67.5 months |
Financial Health Grade: B
In 2023, Connie And Bob Lurie Foundation Inc reported a deficit of $9.9M with expenses exceeding revenue, holds 67.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Connie And Bob Lurie Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.1% | -25.2% | -10.6% |
| 2022 | -88.8% | +12.3% | -15.7% |
| 2021 | +143.6% | +186.4% | +7.1% |
| 2020 | -32.1% | +73.4% | +4.2% |
| 2019 | +134.8% | +140.0% | +413.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Connie And Bob Lurie Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Connie And Bob Lurie Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with assets exceeding $80 million. This suggests that executive leadership may be uncompensated volunteers or compensated through an affiliated entity, which warrants further investigation for a complete understanding of operational costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Connie And Bob Lurie Foundation Inc's IRS 990 filings:
- Zero reported officer compensation for a large foundation, which could indicate compensation through an affiliated entity or a fully volunteer-led executive team, requiring deeper scrutiny for full transparency.
Strengths
The following positive indicators were identified for Connie And Bob Lurie Foundation Inc:
- Consistently reports $1 in liabilities, indicating extremely strong financial health and minimal debt.
- No reported officer compensation across all filings, suggesting a high proportion of funds are available for programmatic use.
- Substantial and growing asset base, providing a strong foundation for future grantmaking.
- Long history of IRS 990 filings (10 filings), demonstrating consistent transparency and compliance.
- Significant grantmaking activity, as evidenced by expenses often exceeding revenue in recent years (e.g., 202312 expenses of $15,085,717 vs. revenue of $5,146,180).
Frequently Asked Questions about Connie And Bob Lurie Foundation Inc
Is Connie And Bob Lurie Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connie And Bob Lurie Foundation Inc (EIN: 208004479) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Connie And Bob Lurie Foundation Inc spend its money?
Connie And Bob Lurie Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connie And Bob Lurie Foundation Inc tax-deductible?
Connie And Bob Lurie Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208004479). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Connie And Bob Lurie Foundation Inc. a good charity?
Based on the available data, the foundation appears to be a highly effective grantmaking organization. It maintains substantial assets, consistently reports minimal liabilities, and shows no officer compensation, suggesting a very high proportion of its resources are directed towards its mission. Its consistent filing history also indicates good transparency.
How does the foundation manage its administrative costs?
With no reported officer compensation and consistently low liabilities, the foundation appears to manage its administrative costs very efficiently. While specific administrative expense breakdowns are not fully detailed in the summary data, the overall financial picture suggests a lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth from $14,715,264 in 201112 to a peak of $112,597,495 in 202112, before decreasing to $84,863,360 in 202312. This fluctuation is common for foundations that actively grant and manage investments.
Filing History
IRS 990 filing history for Connie And Bob Lurie Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Connie And Bob Lurie Foundation Inc's revenue has grown by 260.8%, moving from $1.4M to $5.1M. Total assets increased by 476.7% over the same period, from $14.7M to $84.9M. Total functional expenses rose by 2340.3%, from $618K to $15.1M. In its most recent filing year (2023), Connie And Bob Lurie Foundation Inc reported a deficit of $9.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $84.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $84.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $15.1M | $84.9M | $1 | — | — |
| 2022 | $2.8M | $20.2M | $95.0M | $1 | — | View 990 |
| 2021 | $25.5M | $18.0M | $112.6M | $1 | — | View 990 |
| 2020 | $10.5M | $6.3M | $105.1M | $1 | — | View 990 |
| 2019 | $15.4M | $3.6M | $100.9M | $1 | — | — |
| 2015 | $6.6M | $1.5M | $19.7M | $1 | — | View 990 |
| 2014 | $2.9M | $1.2M | $16.5M | $1 | — | View 990 |
| 2013 | $1.2M | $1.1M | $14.7M | $1 | — | View 990 |
| 2012 | $1.4M | $994K | $14.6M | $1 | — | View 990 |
| 2011 | $1.4M | $618K | $14.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $15.1M, and assets of $84.9M (revenue +81.1% year-over-year).
- 2022: Revenue of $2.8M, expenses of $20.2M, and assets of $95.0M (revenue -88.8% year-over-year).
- 2021: Revenue of $25.5M, expenses of $18.0M, and assets of $112.6M (revenue +143.6% year-over-year).
- 2020: Revenue of $10.5M, expenses of $6.3M, and assets of $105.1M (revenue -32.1% year-over-year).
- 2019: Revenue of $15.4M, expenses of $3.6M, and assets of $100.9M (revenue +134.8% year-over-year).
- 2015: Revenue of $6.6M, expenses of $1.5M, and assets of $19.7M (revenue +123.8% year-over-year).
- 2014: Revenue of $2.9M, expenses of $1.2M, and assets of $16.5M (revenue +152.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $14.7M (revenue -18.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $994K, and assets of $14.6M (revenue +0.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $618K, and assets of $14.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connie And Bob Lurie Foundation Inc:
Data Sources and Methodology
This transparency report for Connie And Bob Lurie Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.