Lamando Fam Foundation Tr
Lamando Fam Foundation Tr maintains strong assets despite volatile revenue and no reported officer compensation.
EIN: 206388980 · Westport, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $333K |
| Program Spending | 85% |
| Net Assets | $4.9M |
| Transparency Score | 80/100 |
Is Lamando Fam Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lamando Fam Foundation Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lamando Fam Foundation Tr
Lamando Fam Foundation Tr (EIN: 206388980) is a nonprofit organization based in Westport, CT, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamando Fam Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lamando Fam Foundation Tr is a mid-size 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 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $466K |
| Total Expenses | $333K |
| Surplus / Deficit | +$133K |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | 28.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.4 months |
Financial Health Grade: A
In 2023, Lamando Fam Foundation Tr reported a surplus of $133K with revenue exceeding expenses, holds 175.4 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), Lamando Fam Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -110.1% | -5.1% | -9.9% |
| 2021 | +1067.0% | +55.6% | +13.4% |
| 2020 | +13.6% | +263.4% | -1.1% |
| 2019 | -74.3% | -78.4% | +11.1% |
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 Lamando Fam Foundation Tr 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lamando Fam Foundation Tr allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or that executive compensation is not reported under this specific line item, which could contribute to lower administrative costs.
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 Lamando Fam Foundation Tr's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 202212
- Expenses exceeding revenue in multiple periods (e.g., 202212, 202012, 201512, 201112)
Strengths
The following positive indicators were identified for Lamando Fam Foundation Tr:
- Strong and growing asset base, reaching $4,866,898 in 202312
- Minimal liabilities, consistently reported as $1, indicating strong solvency
- No reported officer compensation, potentially leading to lower administrative overhead
Frequently Asked Questions about Lamando Fam Foundation Tr
Is Lamando Fam Foundation Tr a legitimate charity?
Lamando Fam Foundation Tr (EIN: 206388980) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Lamando Fam Foundation Tr spend its money?
Lamando Fam Foundation Tr directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lamando Fam Foundation Tr tax-deductible?
Lamando Fam Foundation Tr is registered as a tax-exempt nonprofit (EIN: 206388980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lamando Fam Foundation Tr's spending goes to programs?
Lamando Fam Foundation Tr directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lamando Fam Foundation Tr compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Lamando Fam Foundation Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lamando Fam Foundation Tr located?
Lamando Fam Foundation Tr is headquartered in Westport, Connecticut and files with the IRS under EIN 206388980. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lamando Fam Foundation Tr have?
Lamando Fam Foundation Tr 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 $1.2M in total revenue.
What caused the negative revenue of $-107,582 in 202212?
This negative revenue figure is unusual and could be due to investment losses, significant returns of contributions, or accounting adjustments. Further investigation into the detailed financial statements for that period would be necessary to understand its specific cause.
How does the organization sustain its operations without reported officer compensation?
The absence of reported officer compensation suggests that leadership may be entirely volunteer-based, or that compensation is provided through other entities or mechanisms not captured in the 'Officer Comp' line item on the 990 form. This could indicate a highly efficient operational model or reliance on external support.
What is the nature of the consistent $1 liability reported across multiple years?
The recurring $1 liability is unusual and might represent a nominal placeholder, a specific type of perpetual liability, or an accounting convention. Clarification from the organization's detailed financial notes would be beneficial.
Filing History
IRS 990 filing history for Lamando Fam Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lamando Fam Foundation Tr's revenue has grown by 213.3%, moving from $149K to $466K. Total assets increased by 26.3% over the same period, from $3.9M to $4.9M. Total functional expenses rose by 62%, from $206K to $333K. In its most recent filing year (2023), Lamando Fam Foundation Tr reported a surplus of $133K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $466K | $333K | $4.9M | $1 | — | View 990 |
| 2022 | $-107,582 | $406K | $4.7M | $1 | — | View 990 |
| 2021 | $1.1M | $428K | $5.3M | $1 | — | View 990 |
| 2020 | $91K | $275K | $4.6M | $1 | — | View 990 |
| 2019 | $80K | $76K | $4.7M | $1 | — | View 990 |
| 2015 | $312K | $350K | $4.2M | $1 | — | View 990 |
| 2014 | $412K | $123K | $4.2M | $1 | — | View 990 |
| 2013 | $400K | $221K | $4.0M | $1 | — | View 990 |
| 2012 | $281K | $202K | $3.9M | $1 | — | View 990 |
| 2011 | $149K | $206K | $3.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $466K, expenses of $333K, and assets of $4.9M.
- 2022: Revenue of $-107,582, expenses of $406K, and assets of $4.7M (revenue -110.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $428K, and assets of $5.3M (revenue +1067.0% year-over-year).
- 2020: Revenue of $91K, expenses of $275K, and assets of $4.6M (revenue +13.6% year-over-year).
- 2019: Revenue of $80K, expenses of $76K, and assets of $4.7M (revenue -74.3% year-over-year).
- 2015: Revenue of $312K, expenses of $350K, and assets of $4.2M (revenue -24.2% year-over-year).
- 2014: Revenue of $412K, expenses of $123K, and assets of $4.2M (revenue +3.0% year-over-year).
- 2013: Revenue of $400K, expenses of $221K, and assets of $4.0M (revenue +42.2% year-over-year).
- 2012: Revenue of $281K, expenses of $202K, and assets of $3.9M (revenue +88.8% year-over-year).
- 2011: Revenue of $149K, expenses of $206K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lamando Fam Foundation Tr:
Data Sources and Methodology
This transparency report for Lamando Fam Foundation Tr 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.