Florian J Lombardi Foundation Inc
Florian J Lombardi Foundation: Declining Assets and High Administrative Costs Raise Concerns
EIN: 222994473 · Toms River, NJ · Updated: 2026-04-04
Is Florian J Lombardi Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Florian J Lombardi Foundation Inc
Florian J Lombardi Foundation Inc (EIN: 222994473) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $3.7M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florian J Lombardi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Florian J Lombardi Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Florian J Lombardi Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given 100% of expenses are administrative, it's likely a significant portion of the $453,753 in expenses for 2023.
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 Florian J Lombardi Foundation Inc's IRS 990 filings:
- Zero reported program service expenses across all years, suggesting no direct charitable impact.
- Consistent decline in total assets over the past five years, from $6,188,987 in 2019 to $5,177,074 in 2023.
- 100% of reported expenses are administrative, raising questions about the foundation's operational efficiency and purpose.
- The foundation consistently reports 'l1' (likely indicating a private foundation) but shows no charitable distributions.
- Revenue has been inconsistent and generally low relative to administrative expenses, for example, $253,780 in revenue versus $453,753 in expenses in 2023.
Strengths
The following positive indicators were identified for Florian J Lombardi Foundation Inc:
- The foundation has maintained its legal status and filed required documents consistently.
Frequently Asked Questions about Florian J Lombardi Foundation Inc
Is Florian J Lombardi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florian J Lombardi Foundation Inc (EIN: 222994473) significant concerns. Mission Score: 45/100. 5 red flags identified, 1 strength noted.
How does Florian J Lombardi Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Florian J Lombardi Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Florian J Lombardi Foundation Inc tax-deductible?
Florian J Lombardi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222994473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Florian J Lombardi Foundation Inc do?
Florian J Lombardi Foundation Inc is a nonprofit organization in the Unknown sector, located in Toms River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Florian J Lombardi Foundation Inc have?
Florian J Lombardi Foundation Inc reported total revenue of $3,698,309. Based on 10 IRS 990 filings on record.
What are Florian J Lombardi Foundation Inc's total assets?
Florian J Lombardi Foundation Inc holds total assets of $5,352,207 as reported in IRS 990 filings.
Where is Florian J Lombardi Foundation Inc located?
Florian J Lombardi Foundation Inc is based in Toms River, New Jersey.
What is Florian J Lombardi Foundation Inc's EIN?
Florian J Lombardi Foundation Inc's Employer Identification Number (EIN) is 222994473. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Florian J Lombardi Foundation Inc?
Florian J Lombardi Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Florian J Lombardi Foundation Inc a registered 501(c)(3)?
Florian J Lombardi Foundation Inc appears in IRS records (EIN: 222994473). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Florian J Lombardi Foundation Inc file IRS Form 990?
Yes, Florian J Lombardi Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Florian J Lombardi Foundation Inc's revenue in 2023?
In the 202312 filing period, Florian J Lombardi Foundation Inc reported total revenue of $253,780, total expenses of $453,753, and net assets of $5,177,074.
Is Florian J Lombardi Foundation Inc's revenue growing or declining?
Florian J Lombardi Foundation Inc's revenue is growing. Revenue went from $200,712 (202212) to $253,780 (202312), a +26.4% change. Based on 10 filings on record.
What is Florian J Lombardi Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Florian J Lombardi Foundation Inc covers tax period 202312. It shows revenue of $253,780, expenses of $453,753, total assets of $5,177,074, and liabilities of $1.
Is Florian J Lombardi Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Florian J Lombardi Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Florian J Lombardi Foundation Inc?
The following concerns were identified: Zero reported program service expenses across all years, suggesting no direct charitable impact.. Consistent decline in total assets over the past five years, from $6,188,987 in 2019 to $5,177,074 in 2023.. 100% of reported expenses are administrative, raising questions about the foundation's operational efficiency and purpose.. The foundation consistently reports 'l1' (likely indicating a private foundation) but shows no charitable distributions.. Revenue has been inconsistent and generally low relative to administrative expenses, for example, $253,780 in revenue versus $453,753 in expenses in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Florian J Lombardi Foundation Inc's strengths?
Positive indicators for Florian J Lombardi Foundation Inc include: The foundation has maintained its legal status and filed required documents consistently.. These findings are derived from AI analysis of the organization's financial filings.
How does Florian J Lombardi Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given 100% of expenses are administrative, it's likely a significant portion of the $453,753 in expenses for 2023. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses and 100% administrative expenses, what is the actual charitable purpose and activity of the Florian J Lombardi Foundation?
Based on the provided data, the foundation does not appear to engage in direct charitable programs. Its expenditures are entirely administrative, suggesting it may function as a holding entity or for other non-programmatic purposes not detailed in these filings.
What is driving the consistent decline in total assets, and is this trend sustainable for the foundation's long-term viability?
The decline in assets from $6,188,987 in 2019 to $5,177,074 in 2023 is likely due to administrative expenses consistently exceeding revenue. For example, in 2023, expenses were $453,753 while revenue was $253,780. This trend is not sustainable and will eventually deplete the foundation's assets if not reversed.
Filing History
IRS 990 filing history for Florian J Lombardi Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Florian J Lombardi Foundation Inc's revenue has grown by 192.3%, moving from $87K to $254K. Total assets increased by 775% over the same period, from $592K to $5.2M. Total functional expenses rose by 160.2%, from $174K to $454K. In its most recent filing year (2023), Florian J Lombardi Foundation Inc reported a deficit of $200K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $254K | $454K | $5.2M | $1 | — | View 990 |
| 2022 | $201K | $490K | $5.4M | $1 | — | View 990 |
| 2021 | $307K | $491K | $5.7M | $1 | — | — |
| 2020 | $192K | $530K | $5.9M | $1 | — | — |
| 2019 | $161K | $482K | $6.2M | $1 | — | View 990 |
| 2015 | $157K | $175K | $416K | $0 | — | View 990 |
| 2014 | $57K | $49K | $434K | $0 | — | View 990 |
| 2013 | $16K | $110K | $427K | $0 | — | View 990 |
| 2012 | $87K | $157K | $521K | $0 | — | View 990 |
| 2011 | $87K | $174K | $592K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $254K, expenses of $454K, and assets of $5.2M (revenue +26.4% year-over-year).
- 2022: Revenue of $201K, expenses of $490K, and assets of $5.4M (revenue -34.5% year-over-year).
- 2021: Revenue of $307K, expenses of $491K, and assets of $5.7M (revenue +59.5% year-over-year).
- 2020: Revenue of $192K, expenses of $530K, and assets of $5.9M (revenue +19.8% year-over-year).
- 2019: Revenue of $161K, expenses of $482K, and assets of $6.2M (revenue +2.3% year-over-year).
- 2015: Revenue of $157K, expenses of $175K, and assets of $416K (revenue +177.3% year-over-year).
- 2014: Revenue of $57K, expenses of $49K, and assets of $434K (revenue +251.4% year-over-year).
- 2013: Revenue of $16K, expenses of $110K, and assets of $427K (revenue -81.4% year-over-year).
- 2012: Revenue of $87K, expenses of $157K, and assets of $521K (revenue -0.3% year-over-year).
- 2011: Revenue of $87K, expenses of $174K, and assets of $592K.
Data Sources and Methodology
This transparency report for Florian J Lombardi 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.