Lantis Foundation Inc
Lantis Foundation Inc. faces severe financial decline with persistent deficits and significant asset depletion.
EIN: 205857842 · Spearfish, SD · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $392 |
| Total Expenses | $130K |
| Program Spending | 70% |
| Net Assets | $185K |
| Transparency Score | 35/100 |
Is Lantis Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lantis Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lantis Foundation Inc
Lantis Foundation Inc (EIN: 205857842) is a nonprofit organization based in Spearfish, SD, classified under NTEE code B82. The organization reported total revenue of $392 and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lantis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lantis Foundation Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $130K |
| Surplus / Deficit | $-126,460 |
| Total Assets | $185K |
| Total Liabilities | $1 |
| Net Assets | $185K |
| Operating Margin | -4125.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2023, Lantis Foundation Inc reported a deficit of $126K with expenses exceeding revenue, holds 17.2 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), Lantis Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.4% | -91.0% | -41.8% |
| 2022 | +789.6% | +711.5% | -73.7% |
| 2021 | +1.4% | +20.0% | -8.7% |
| 2020 | -45.7% | -8.8% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lantis Foundation Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lantis Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or receives no salary, which is commendable for reducing overhead.
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 Lantis Foundation Inc's IRS 990 filings:
- Persistent and significant operational deficits (e.g., 2023 revenue $3,065 vs. expenses $129,525).
- Dramatic decline in assets over time (from $1.8M in 2012 to $185K in 2023).
- Latest reported revenue of $392 is extremely low, indicating minimal activity or severe financial distress.
- Lack of detailed expense breakdown in provided data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Lantis Foundation Inc:
- Consistent filing of IRS 990s, indicating compliance and transparency.
- 0% officer compensation reported across all filings, suggesting volunteer leadership and low administrative salary overhead.
- Minimal liabilities reported in recent years ($1), indicating low debt burden.
Frequently Asked Questions about Lantis Foundation Inc
Is Lantis Foundation Inc a legitimate charity?
Lantis Foundation Inc (EIN: 205857842) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 35/100. It has 10 years of IRS 990 filings on record. Total revenue: $392. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lantis Foundation Inc spend its money?
Lantis Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Lantis Foundation Inc tax-deductible?
Lantis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205857842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lantis Foundation Inc's spending goes to programs?
Lantis Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Lantis Foundation Inc compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Lantis Foundation Inc is below average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lantis Foundation Inc located?
Lantis Foundation Inc is headquartered in Spearfish, South Dakota and files with the IRS under EIN 205857842. It is classified under NTEE code B82.
How many years of IRS 990 filings does Lantis Foundation Inc have?
Lantis 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 $392 in total revenue.
Is Lantis Foundation Inc. financially sustainable?
Based on the provided data, the Lantis Foundation Inc. does not appear financially sustainable. It has consistently reported expenses far exceeding revenue for many years, leading to a significant depletion of its assets from over $1.8 million in 2012 to $185,251 in 2023.
What caused the dramatic decline in assets?
The dramatic decline in assets from $1,846,085 in 2012 to $185,251 in 2023 is primarily due to the organization's consistent operational deficits, where expenses (e.g., $129,525 in 2023) have far outstripped revenue (e.g., $3,065 in 2023), forcing the organization to draw down its principal.
What is the current operational status of the organization given the latest revenue of $392?
The latest reported revenue of $392 and assets of $78,188 (outside the 990 filings) suggest the organization is operating at an extremely minimal capacity, potentially winding down, or has undergone a significant restructuring to a much smaller scale.
Filing History
IRS 990 filing history for Lantis Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lantis Foundation Inc's revenue has declined by 96.2%, moving from $80K to $3K. Total assets increased by 607.2% over the same period, from $26K to $185K. Total functional expenses rose by 61.5%, from $80K to $130K. In its most recent filing year (2023), Lantis Foundation Inc reported a deficit of $126K, with expenses exceeding revenue. The organization holds $1 in liabilities against $185K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $185K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $130K | $185K | $1 | — | — |
| 2022 | $543K | $1.4M | $319K | $1 | — | View 990 |
| 2021 | $61K | $177K | $1.2M | $1 | — | View 990 |
| 2020 | $60K | $147K | $1.3M | $1 | — | — |
| 2019 | $111K | $162K | $1.4M | $2K | — | — |
| 2015 | $-3,120 | $61K | $1.7M | $38K | — | View 990 |
| 2014 | $-7,850 | $43K | $1.7M | $35K | — | View 990 |
| 2013 | $23K | $110K | $1.8M | $35K | — | View 990 |
| 2012 | $1.9M | $115K | $1.8M | $11K | — | View 990 |
| 2011 | $80K | $80K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $130K, and assets of $185K (revenue -99.4% year-over-year).
- 2022: Revenue of $543K, expenses of $1.4M, and assets of $319K (revenue +789.6% year-over-year).
- 2021: Revenue of $61K, expenses of $177K, and assets of $1.2M (revenue +1.4% year-over-year).
- 2020: Revenue of $60K, expenses of $147K, and assets of $1.3M (revenue -45.7% year-over-year).
- 2019: Revenue of $111K, expenses of $162K, and assets of $1.4M.
- 2015: Revenue of $-3,120, expenses of $61K, and assets of $1.7M.
- 2014: Revenue of $-7,850, expenses of $43K, and assets of $1.7M (revenue -134.7% year-over-year).
- 2013: Revenue of $23K, expenses of $110K, and assets of $1.8M (revenue -98.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $115K, and assets of $1.8M (revenue +2295.5% year-over-year).
- 2011: Revenue of $80K, expenses of $80K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lantis Foundation Inc:
Data Sources and Methodology
This transparency report for Lantis 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.