Grigg Lewis Foundation Inc
Grigg Lewis Foundation maintains strong asset base and zero executive compensation amidst fluctuating revenues.
EIN: 161550858 · Lockport, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.8M |
| Total Expenses | $2.0M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $50M |
| Net Assets | $45.0M |
| Transparency Score | 90/100 |
Is Grigg Lewis Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grigg Lewis Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grigg Lewis Foundation Inc
Grigg Lewis Foundation Inc (EIN: 161550858) is a nonprofit organization based in Lockport, NY, classified under NTEE code T20Z. The organization reported total revenue of $18.8M and total assets of $48.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grigg Lewis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grigg Lewis Foundation Inc is a large nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$198K |
| Total Assets | $50.8M |
| Total Liabilities | $5.8M |
| Net Assets | $45.0M |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 308.5 months |
Financial Health Grade: A
In 2023, Grigg Lewis Foundation Inc reported a surplus of $198K with revenue exceeding expenses, holds 308.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Grigg Lewis Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | +17.1% | +9.6% |
| 2022 | -48.4% | -55.7% | -9.8% |
| 2021 | -54.9% | +75.1% | +4.7% |
| 2020 | +235.2% | -51.7% | +4.8% |
| 2019 | -5.8% | +80.3% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Grigg Lewis 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, Grigg Lewis 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 surplus of $198K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and asset base ($50M+). This suggests a volunteer-led leadership or that compensation is structured differently and not reported under officer compensation.
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 Grigg Lewis Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, such as $9.2M in 202012 down to $2.1M in 202312, could indicate reliance on unpredictable funding sources or large one-time contributions.
Strengths
The following positive indicators were identified for Grigg Lewis Foundation Inc:
- Consistent 0% officer compensation, indicating highly efficient use of funds for mission-related activities.
- Substantial and growing asset base, reaching $50,798,998 in 202312, providing long-term financial stability.
- Generally positive net income in recent years (e.g., $2,173,586 revenue vs. $1,975,685 expenses in 202312), demonstrating sound financial management.
- High transparency through readily available and consistent IRS 990 filings.
Frequently Asked Questions about Grigg Lewis Foundation Inc
Is Grigg Lewis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grigg Lewis Foundation Inc (EIN: 161550858) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Grigg Lewis Foundation Inc spend its money?
Grigg Lewis Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grigg Lewis Foundation Inc tax-deductible?
Grigg Lewis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161550858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Grigg Lewis Foundation Inc CEO make?
Grigg Lewis Foundation Inc's highest-compensated officer earns $50M annually. The organization reported $18.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Grigg Lewis Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Grigg Lewis Foundation Inc is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grigg Lewis Foundation Inc located?
Grigg Lewis Foundation Inc is headquartered in Lockport, New York and files with the IRS under EIN 161550858. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Grigg Lewis Foundation Inc have?
Grigg Lewis 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 $18.8M in total revenue.
Is Grigg Lewis Foundation Inc. a good charity?
Based on the available data, Grigg Lewis Foundation Inc. appears to be a very good charity, particularly for those who value efficient spending and transparency. Its consistent 0% officer compensation, substantial asset base, and generally positive financial performance suggest strong stewardship of funds.
How does Grigg Lewis Foundation Inc. manage its executive compensation?
The organization consistently reports 0% for officer compensation in all available IRS 990 filings. This is a significant indicator that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for resource allocation.
What is the financial stability of Grigg Lewis Foundation Inc.?
The foundation demonstrates strong financial stability, with assets consistently above $40 million and reaching $50,798,998 in 202312. While revenues fluctuate, expenses are generally well-managed, leading to positive net income in most recent periods, ensuring long-term operational capacity.
Filing History
IRS 990 filing history for Grigg Lewis Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grigg Lewis Foundation Inc's revenue has grown by 1.3%, moving from $2.1M to $2.2M. Total assets increased by 24% over the same period, from $41.0M to $50.8M. Total functional expenses fell by 12.6%, from $2.3M to $2.0M. In its most recent filing year (2023), Grigg Lewis Foundation Inc reported a surplus of $198K, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $50.8M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $45.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.0M | $50.8M | $5.8M | — | — |
| 2022 | $2.2M | $1.7M | $46.4M | $6.1M | — | View 990 |
| 2021 | $4.2M | $3.8M | $51.4M | $6.8M | — | View 990 |
| 2020 | $9.3M | $2.2M | $49.1M | $8.1M | — | — |
| 2019 | $2.8M | $4.5M | $46.9M | $8.0M | — | View 990 |
| 2015 | $2.9M | $2.5M | $52.8M | $13.1M | — | View 990 |
| 2014 | $2.4M | $7.1M | $54.5M | $12.4M | — | View 990 |
| 2013 | $2.5M | $3.0M | $45.2M | $13K | — | View 990 |
| 2012 | $2.4M | $2.2M | $43.1M | $73K | — | View 990 |
| 2011 | $2.1M | $2.3M | $41.0M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.0M, and assets of $50.8M (revenue +0.9% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.7M, and assets of $46.4M (revenue -48.4% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.8M, and assets of $51.4M (revenue -54.9% year-over-year).
- 2020: Revenue of $9.3M, expenses of $2.2M, and assets of $49.1M (revenue +235.2% year-over-year).
- 2019: Revenue of $2.8M, expenses of $4.5M, and assets of $46.9M (revenue -5.8% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.5M, and assets of $52.8M (revenue +20.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $7.1M, and assets of $54.5M (revenue -2.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $3.0M, and assets of $45.2M (revenue +6.3% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $43.1M (revenue +9.8% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.3M, and assets of $41.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grigg Lewis Foundation Inc:
Data Sources and Methodology
This transparency report for Grigg Lewis 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.