Jacob L And Lillian Holtzmann Foundation
Jacob L And Lillian Holtzmann Foundation maintains substantial assets despite volatile revenue and consistent expenses.
EIN: 136174349 · Reno, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $18.5M |
| Transparency Score | 75/100 |
Is Jacob L And Lillian Holtzmann Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jacob L And Lillian Holtzmann Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jacob L And Lillian Holtzmann Foundation
Jacob L And Lillian Holtzmann Foundation (EIN: 136174349) is a nonprofit organization based in Reno, NV. The organization reported total revenue of $3.8M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jacob L And Lillian Holtzmann Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jacob L And Lillian Holtzmann Foundation is a mid-size nonprofit that has been operating for 67 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $709K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-483,815 |
| Total Assets | $18.5M |
| Total Liabilities | $1 |
| Net Assets | $18.5M |
| Operating Margin | -68.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.6 months |
Financial Health Grade: B
In 2023, Jacob L And Lillian Holtzmann Foundation reported a deficit of $484K with expenses exceeding revenue, holds 185.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Jacob L And Lillian Holtzmann Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -123.0% | -1.2% | -17.9% |
| 2021 | +896.2% | +57.9% | +5.1% |
| 2020 | -50.8% | +25.1% | +6.9% |
| 2019 | +90.8% | -20.9% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Jacob L And Lillian Holtzmann Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Jacob L And Lillian Holtzmann Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $484K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation, which is common for private foundations where trustees may serve without direct salary or compensation is handled through other means not categorized as officer compensation on the 990-PF.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jacob L And Lillian Holtzmann Foundation's IRS 990 filings:
- Significant revenue volatility, including a negative revenue year in 2022 ($-740,022), which could indicate reliance on investment performance.
- Consistent reporting of $1 in liabilities across multiple years, which is an unusual accounting practice.
- Lack of NTEE code, making it difficult to ascertain the specific programmatic focus or sector of operation.
Strengths
The following positive indicators were identified for Jacob L And Lillian Holtzmann Foundation:
- Substantial and stable asset base, exceeding $15 million, providing long-term financial security.
- Consistent expenses, suggesting predictable operational costs and grantmaking capacity.
- No reported officer compensation, which can indicate efficient use of funds for mission-related activities or a volunteer board structure.
Frequently Asked Questions about Jacob L And Lillian Holtzmann Foundation
Is Jacob L And Lillian Holtzmann Foundation a legitimate charity?
Jacob L And Lillian Holtzmann Foundation (EIN: 136174349) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Jacob L And Lillian Holtzmann Foundation spend its money?
Jacob L And Lillian Holtzmann Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Jacob L And Lillian Holtzmann Foundation tax-deductible?
Jacob L And Lillian Holtzmann Foundation is registered as a tax-exempt nonprofit (EIN: 136174349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jacob L And Lillian Holtzmann Foundation located?
Jacob L And Lillian Holtzmann Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 136174349.
How many years of IRS 990 filings does Jacob L And Lillian Holtzmann Foundation have?
Jacob L And Lillian Holtzmann Foundation has 11 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 $3.8M in total revenue.
What is the primary purpose or mission of the Jacob L And Lillian Holtzmann Foundation?
Without an NTEE code or detailed program service accomplishments in the provided data, the specific mission of the foundation cannot be determined from these filings alone. Further investigation into their 990-PF filings would be necessary.
Why does the foundation report $1 in liabilities consistently across multiple years?
The consistent reporting of $1 in liabilities is unusual and could be a placeholder, a specific accounting practice for a minimal outstanding balance, or a reporting error. It warrants further clarification from the organization's financial statements.
How does the foundation manage its investment portfolio given the fluctuating revenue?
The significant asset base of over $15 million, despite revenue volatility (including a negative revenue year in 2022), suggests that the foundation relies heavily on its investment portfolio for sustainability and grantmaking. The fluctuations in revenue likely reflect investment gains and losses.
Filing History
IRS 990 filing history for Jacob L And Lillian Holtzmann Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Jacob L And Lillian Holtzmann Foundation's revenue has declined by 44.6%, moving from $1.3M to $709K. Total assets increased by 8.9% over the same period, from $16.9M to $18.5M. Total functional expenses fell by 63.5%, from $3.3M to $1.2M. In its most recent filing year (2023), Jacob L And Lillian Holtzmann Foundation reported a deficit of $484K, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $709K | $1.2M | $18.5M | $1 | — | — |
| 2022 | $-740,022 | $1.2M | $17.0M | $1 | — | View 990 |
| 2021 | $3.2M | $1.2M | $20.8M | $1 | — | — |
| 2020 | $322K | $759K | $19.8M | $1 | — | — |
| 2019 | $655K | $606K | $18.5M | $1 | — | — |
| 2015 | $343K | $767K | $16.8M | $1 | — | View 990 |
| 2014 | $1.3M | $719K | $17.8M | $1 | — | View 990 |
| 2013 | $1.2M | $1.2M | $17.5M | $1 | — | View 990 |
| 2012 | $1.3M | $2.2M | $14.0M | $0 | — | View 990 |
| 2011 | $1.7M | $2.3M | $13.2M | $0 | — | View 990 |
| 2010 | $1.3M | $3.3M | $16.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $709K, expenses of $1.2M, and assets of $18.5M.
- 2022: Revenue of $-740,022, expenses of $1.2M, and assets of $17.0M (revenue -123.0% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.2M, and assets of $20.8M (revenue +896.2% year-over-year).
- 2020: Revenue of $322K, expenses of $759K, and assets of $19.8M (revenue -50.8% year-over-year).
- 2019: Revenue of $655K, expenses of $606K, and assets of $18.5M (revenue +90.8% year-over-year).
- 2015: Revenue of $343K, expenses of $767K, and assets of $16.8M (revenue -73.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $719K, and assets of $17.8M (revenue +11.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $17.5M (revenue -9.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $2.2M, and assets of $14.0M (revenue -24.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.3M, and assets of $13.2M (revenue +30.9% year-over-year).
- 2010: Revenue of $1.3M, expenses of $3.3M, and assets of $16.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jacob L And Lillian Holtzmann Foundation:
Data Sources and Methodology
This transparency report for Jacob L And Lillian Holtzmann Foundation 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.