Lambert Family Foundation
Lambert Family Foundation maintains substantial assets with no reported officer compensation, indicating strong financial stewardship.
EIN: 201975863 · Birmingham, AL · NTEE: T22 · Updated: 2026-03-28
Is Lambert Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lambert Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lambert Family Foundation
Lambert Family Foundation (EIN: 201975863) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T22. The organization reported total revenue of $76K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lambert Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lambert Family Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $101K |
| Total Expenses | $117K |
| Surplus / Deficit | $-16,053 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.6 months |
Financial Health Grade: B
In 2024, Lambert Family Foundation reported a deficit of $16K with expenses exceeding revenue, holds 177.6 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 (2012–2024), Lambert Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.2% | -38.6% | -0.9% |
| 2023 | -66.4% | +39.5% | -3.4% |
| 2022 | +279.4% | +128.7% | +15.6% |
| 2021 | -4.6% | +20.4% | +2.7% |
| 2020 | +374.2% | -56.3% | +31.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Lambert Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lambert Family 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, 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 the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive sign for directing funds to the mission.
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.
Strengths
The following positive indicators were identified for Lambert Family Foundation:
- Strong asset base relative to revenue ($1,691,381 assets vs. $76,458 latest revenue).
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistently low liabilities ($1), demonstrating sound financial management.
- Consistent growth in assets over the long term.
- Clear focus on mission with funds not diverted to executive salaries.
Frequently Asked Questions about Lambert Family Foundation
Is Lambert Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lambert Family Foundation (EIN: 201975863) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Lambert Family Foundation spend its money?
Lambert Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lambert Family Foundation tax-deductible?
Lambert Family Foundation is registered as a tax-exempt nonprofit (EIN: 201975863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Lambert Family Foundation financially stable?
Yes, with assets of $1,691,381 and minimal liabilities ($1) consistently reported, the foundation demonstrates strong financial stability.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation across all filings, suggesting that executive leadership is not compensated through traditional officer salaries, which is highly efficient.
Has the foundation's revenue been consistent?
Revenue has fluctuated, ranging from a low of $22,124 in 2016 to a high of $379,547 in 2022, indicating variability in funding or investment returns.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over time, increasing from $1,196,346 in 2012 to $1,727,534 in 2024, demonstrating effective asset management.
Filing History
IRS 990 filing history for Lambert Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Lambert Family Foundation's revenue has grown by 184.6%, moving from $35K to $101K. Total assets increased by 44.4% over the same period, from $1.2M to $1.7M. Total functional expenses rose by 190.5%, from $40K to $117K. In its most recent filing year (2024), Lambert Family Foundation reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $101K | $117K | $1.7M | $1 | — | — |
| 2023 | $128K | $190K | $1.7M | $1 | — | View 990 |
| 2022 | $380K | $136K | $1.8M | $1 | — | View 990 |
| 2021 | $100K | $60K | $1.6M | $1 | — | View 990 |
| 2020 | $105K | $49K | $1.5M | $1 | — | View 990 |
| 2016 | $22K | $113K | $1.2M | $1 | — | View 990 |
| 2015 | $96K | $63K | $1.3M | $1 | — | View 990 |
| 2014 | $128K | $127K | $1.2M | $1 | — | View 990 |
| 2013 | $72K | $50K | $1.2M | $1 | — | View 990 |
| 2012 | $35K | $40K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $101K, expenses of $117K, and assets of $1.7M (revenue -21.2% year-over-year).
- 2023: Revenue of $128K, expenses of $190K, and assets of $1.7M (revenue -66.4% year-over-year).
- 2022: Revenue of $380K, expenses of $136K, and assets of $1.8M (revenue +279.4% year-over-year).
- 2021: Revenue of $100K, expenses of $60K, and assets of $1.6M (revenue -4.6% year-over-year).
- 2020: Revenue of $105K, expenses of $49K, and assets of $1.5M (revenue +374.2% year-over-year).
- 2016: Revenue of $22K, expenses of $113K, and assets of $1.2M (revenue -77.0% year-over-year).
- 2015: Revenue of $96K, expenses of $63K, and assets of $1.3M (revenue -24.6% year-over-year).
- 2014: Revenue of $128K, expenses of $127K, and assets of $1.2M (revenue +76.5% year-over-year).
- 2013: Revenue of $72K, expenses of $50K, and assets of $1.2M (revenue +104.5% year-over-year).
- 2012: Revenue of $35K, expenses of $40K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lambert Family Foundation:
Data Sources and Methodology
This transparency report for Lambert Family 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.