John Marshall Lockhart Trust
John Marshall Lockhart Trust consistently grows assets with zero reported officer compensation.
EIN: 136042350 · New York, NY · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $3.0M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $52.5 |
| Net Assets | $52.5M |
| Transparency Score | 98/100 |
Is John Marshall Lockhart Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John Marshall Lockhart Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John Marshall Lockhart Trust
John Marshall Lockhart Trust (EIN: 136042350) is a nonprofit organization based in New York, NY, classified under NTEE code B110. The organization reported total revenue of $10.5M and total assets of $56.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John Marshall Lockhart Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John Marshall Lockhart Trust is a large nonprofit that has been operating for 55 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $52.5M |
| Total Liabilities | $1 |
| Net Assets | $52.5M |
| Operating Margin | 56.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 207.7 months |
Financial Health Grade: A
In 2023, John Marshall Lockhart Trust reported a surplus of $3.9M with revenue exceeding expenses, holds 207.7 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), John Marshall Lockhart Trust's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +155.9% | +10.7% | +8.0% |
| 2022 | -60.8% | +3.6% | +0.7% |
| 2021 | +46.2% | +10.4% | +8.9% |
| 2020 | +20.4% | -1.2% | +5.6% |
| 2019 | +90.0% | +10.5% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 John Marshall Lockhart Trust with a Mission Score of 98 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, John Marshall Lockhart Trust 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 $3.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization of this size ($52.5 million in assets in 2023) and suggests a volunteer-led or externally managed structure for leadership.
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 John Marshall Lockhart Trust's IRS 990 filings:
- Unusually low reported liabilities ($1) across multiple years, which might warrant further investigation into the full financial picture if not a simple reporting convention.
- 0% officer compensation for an organization with over $50 million in assets is highly unusual and could indicate an alternative management structure or reporting method that isn't immediately clear from the 990 summary.
Strengths
The following positive indicators were identified for John Marshall Lockhart Trust:
- Consistent asset growth, increasing from $34.7 million in 2012 to $52.5 million in 2023.
- Excellent spending efficiency, with expenses significantly lower than revenue in recent years (e.g., $3.03M expenses vs. $6.94M revenue in 2023).
- Zero reported officer compensation, indicating extremely low administrative overhead for leadership.
- Very low liabilities, consistently reported as $1 in recent filings, suggesting strong financial health and minimal debt.
- Strong revenue generation, with the latest reported revenue at $10,547,746 and a peak of $6,947,967 in 2023.
Frequently Asked Questions about John Marshall Lockhart Trust
Is John Marshall Lockhart Trust a legitimate charity?
John Marshall Lockhart Trust (EIN: 136042350) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 98/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.5M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does John Marshall Lockhart Trust spend its money?
John Marshall Lockhart Trust directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to John Marshall Lockhart Trust tax-deductible?
John Marshall Lockhart Trust is registered as a tax-exempt nonprofit (EIN: 136042350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the John Marshall Lockhart Trust CEO make?
John Marshall Lockhart Trust's highest-compensated officer earns $52.5 annually. The organization reported $10.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does John Marshall Lockhart Trust compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), John Marshall Lockhart Trust is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John Marshall Lockhart Trust located?
John Marshall Lockhart Trust is headquartered in New York, New York and files with the IRS under EIN 136042350. It is classified under NTEE code B110.
How many years of IRS 990 filings does John Marshall Lockhart Trust have?
John Marshall Lockhart Trust 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 $10.5M in total revenue.
Is the John Marshall Lockhart Trust a good charity?
Based on the provided financial data, the John Marshall Lockhart Trust appears to be an excellent charity. It demonstrates strong financial health, consistent asset growth, and exceptionally low administrative overhead, particularly with 0% reported officer compensation.
How does the Trust manage to have 0% officer compensation?
The filings consistently report 0% officer compensation. This could indicate that the trust is managed by volunteers, or that executive functions are handled by an external entity or related organization, with costs potentially absorbed elsewhere or not categorized as direct officer compensation on these specific filings.
What is the trend in the Trust's assets?
The Trust's assets have shown consistent and significant growth, increasing from $34,779,007 in 2012 to $52,513,045 in 2023, indicating strong financial management and accumulation of resources.
Is the Trust financially stable?
Yes, the Trust appears very financially stable. It consistently reports minimal liabilities ($1 in recent years) and has a substantial and growing asset base ($52,513,045 in 2023), with revenues generally exceeding expenses.
Filing History
IRS 990 filing history for John Marshall Lockhart Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John Marshall Lockhart Trust's revenue has grown by 888.6%, moving from $703K to $6.9M. Total assets increased by 49.1% over the same period, from $35.2M to $52.5M. Total functional expenses rose by 61.2%, from $1.9M to $3.0M. In its most recent filing year (2023), John Marshall Lockhart Trust reported a surplus of $3.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $52.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $52.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $3.0M | $52.5M | $1 | — | View 990 |
| 2022 | $2.7M | $2.7M | $48.6M | $1 | — | View 990 |
| 2021 | $6.9M | $2.6M | $48.3M | $1 | — | — |
| 2020 | $4.7M | $2.4M | $44.3M | $1 | — | — |
| 2019 | $3.9M | $2.4M | $42.0M | $1 | — | View 990 |
| 2015 | $2.1M | $2.2M | $36.2M | $0 | — | View 990 |
| 2014 | $3.0M | $2.0M | $36.3M | $0 | — | View 990 |
| 2013 | $1.9M | $1.9M | $35.2M | $1 | — | View 990 |
| 2012 | $1.9M | $1.9M | $34.8M | $1 | — | View 990 |
| 2011 | $703K | $1.9M | $35.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $3.0M, and assets of $52.5M (revenue +155.9% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $48.6M (revenue -60.8% year-over-year).
- 2021: Revenue of $6.9M, expenses of $2.6M, and assets of $48.3M (revenue +46.2% year-over-year).
- 2020: Revenue of $4.7M, expenses of $2.4M, and assets of $44.3M (revenue +20.4% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.4M, and assets of $42.0M (revenue +90.0% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.2M, and assets of $36.2M (revenue -32.0% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.0M, and assets of $36.3M (revenue +56.5% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $35.2M (revenue +3.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $34.8M (revenue +166.2% year-over-year).
- 2011: Revenue of $703K, expenses of $1.9M, and assets of $35.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John Marshall Lockhart Trust:
Data Sources and Methodology
This transparency report for John Marshall Lockhart Trust 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.