Forrest C And Frances H Lattner Foundation Inc
Forrest C And Frances H Lattner Foundation Inc. maintains substantial assets despite fluctuating revenues and consistent distributions.
EIN: 203106502 · E Greenwich, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.6M |
| Total Expenses | $3.8M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $53.0M |
| Transparency Score | 80/100 |
Is Forrest C And Frances H Lattner Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forrest C And Frances H Lattner Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forrest C And Frances H Lattner Foundation Inc
Forrest C And Frances H Lattner Foundation Inc (EIN: 203106502) is a nonprofit organization based in E Greenwich, RI. The organization reported total revenue of $16.6M and total assets of $52.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forrest C And Frances H Lattner Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forrest C And Frances H Lattner Foundation Inc is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-1,268,528 |
| Total Assets | $53.0M |
| Total Liabilities | $1 |
| Net Assets | $53.0M |
| Operating Margin | -51.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.4 months |
Financial Health Grade: B
In 2023, Forrest C And Frances H Lattner Foundation Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 169.4 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), Forrest C And Frances H Lattner Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.6% | -9.0% | -4.3% |
| 2022 | -21.3% | +28.3% | -2.6% |
| 2020 | -159.9% | -21.9% | -8.0% |
| 2019 | -39.4% | -15.6% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Forrest C And Frances H Lattner Foundation Inc with a Mission Score of 80 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, Forrest C And Frances H Lattner 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization managing over $50 million in assets and distributing millions annually.
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 Forrest C And Frances H Lattner Foundation Inc's IRS 990 filings:
- Negative revenue reported in 2020 without immediate explanation
- Consistent 0% officer compensation for an organization with significant assets and expenses, which may indicate compensation is reported elsewhere or through related parties
- Gradual decline in total assets over the past decade without clear offsetting revenue growth
Strengths
The following positive indicators were identified for Forrest C And Frances H Lattner Foundation Inc:
- No reported officer compensation, suggesting high efficiency in executive overhead
- Maintains a substantial asset base ($52.9 million in 2023) ensuring long-term capacity for grant-making
- Consistently low liabilities, indicating strong financial management and minimal debt
- Long history of public 990 filings (10 filings provided), demonstrating commitment to transparency
Frequently Asked Questions about Forrest C And Frances H Lattner Foundation Inc
Is Forrest C And Frances H Lattner Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forrest C And Frances H Lattner Foundation Inc (EIN: 203106502) some concerns. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
How does Forrest C And Frances H Lattner Foundation Inc spend its money?
Forrest C And Frances H Lattner Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forrest C And Frances H Lattner Foundation Inc tax-deductible?
Forrest C And Frances H Lattner Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203106502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forrest C And Frances H Lattner Foundation Inc CEO make?
Forrest C And Frances H Lattner Foundation Inc's highest-compensated officer earns $50 annually. The organization reported $16.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Forrest C And Frances H Lattner Foundation Inc located?
Forrest C And Frances H Lattner Foundation Inc is headquartered in E Greenwich, Rhode Island and files with the IRS under EIN 203106502.
How many years of IRS 990 filings does Forrest C And Frances H Lattner Foundation Inc have?
Forrest C And Frances H Lattner Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.6M in total revenue.
What caused the negative revenue reported in 2020?
The 2020 filing shows a revenue of $-1,716,063. This could be due to significant investment losses, asset write-downs, or a major return of funds, and requires further examination of the full 990 form for clarification.
How are administrative costs covered if officer compensation is 0%?
With no reported officer compensation, administrative functions might be performed by volunteers, compensated through a related entity, or covered by other non-officer staff, which is not detailed in the provided summary.
What is the specific NTEE code and primary program focus of the foundation?
The NTEE code is listed as 'Unknown'. Understanding the specific NTEE code would clarify the foundation's primary area of charitable activity and allow for better comparison with peer organizations.
Why have the foundation's assets declined by approximately $17 million over the past decade?
Assets decreased from $69.9 million in 2011 to $52.9 million in 2023. This decline could be attributed to consistent distributions exceeding investment returns, market performance, or strategic asset liquidation.
Filing History
IRS 990 filing history for Forrest C And Frances H Lattner Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Forrest C And Frances H Lattner Foundation Inc's revenue has declined by 44.7%, moving from $4.5M to $2.5M. Total assets decreased by 24.2% over the same period, from $69.9M to $53.0M. Total functional expenses fell by 35%, from $5.8M to $3.8M. In its most recent filing year (2023), Forrest C And Frances H Lattner Foundation Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $53.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $53.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.8M | $53.0M | $1 | — | View 990 |
| 2022 | $1.6M | $4.1M | $55.4M | $1.1M | — | View 990 |
| 2021 | $2.0M | $3.2M | $56.8M | $1 | — | View 990 |
| 2020 | $-1,716,063 | $3.3M | $58.1M | $1 | — | View 990 |
| 2019 | $2.9M | $4.2M | $63.1M | $1 | — | View 990 |
| 2015 | $4.7M | $5.0M | $68.4M | $1 | — | View 990 |
| 2014 | $2.7M | $5.1M | $68.6M | $1 | — | View 990 |
| 2013 | $7.9M | $5.2M | $71.0M | $1 | — | View 990 |
| 2012 | $3.2M | $4.8M | $68.3M | $0 | — | View 990 |
| 2011 | $4.5M | $5.8M | $69.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.8M, and assets of $53.0M (revenue +59.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $4.1M, and assets of $55.4M (revenue -21.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $3.2M, and assets of $56.8M.
- 2020: Revenue of $-1,716,063, expenses of $3.3M, and assets of $58.1M (revenue -159.9% year-over-year).
- 2019: Revenue of $2.9M, expenses of $4.2M, and assets of $63.1M (revenue -39.4% year-over-year).
- 2015: Revenue of $4.7M, expenses of $5.0M, and assets of $68.4M (revenue +74.4% year-over-year).
- 2014: Revenue of $2.7M, expenses of $5.1M, and assets of $68.6M (revenue -65.7% year-over-year).
- 2013: Revenue of $7.9M, expenses of $5.2M, and assets of $71.0M (revenue +146.4% year-over-year).
- 2012: Revenue of $3.2M, expenses of $4.8M, and assets of $68.3M (revenue -28.6% year-over-year).
- 2011: Revenue of $4.5M, expenses of $5.8M, and assets of $69.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forrest C And Frances H Lattner Foundation Inc:
Data Sources and Methodology
This transparency report for Forrest C And Frances H Lattner 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.