Lavoie Foundation
Lavoie Foundation consistently spends more than it earns, drawing down assets.
EIN: 20502244 · Barnstead, NH · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $129K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $1.7M |
| Transparency Score | 45/100 |
Is Lavoie Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lavoie Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lavoie Foundation
Lavoie Foundation (EIN: 20502244) is a nonprofit organization based in Barnstead, NH, classified under NTEE code T20J. The organization reported total revenue of $385K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lavoie Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lavoie Foundation is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $129K |
| Surplus / Deficit | $-32,789 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -34.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.8 months |
Financial Health Grade: B
In 2023, Lavoie Foundation reported a deficit of $33K with expenses exceeding revenue, holds 156.8 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), Lavoie Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.9% | -2.5% | -1.8% |
| 2022 | -59.3% | +9.4% | -3.9% |
| 2021 | +220.8% | -6.7% | +1.9% |
| 2020 | +570.2% | +9.6% | -4.4% |
| 2019 | -89.6% | +7.0% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Lavoie Foundation with a Mission Score of 45 out of 100 (Fair). 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, Lavoie Foundation 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 $33K, 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 no officers are paid, which is highly unusual for an organization with over $1.7 million in assets and consistent expenses, suggesting a volunteer-led or very lean operational structure.
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 Lavoie Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most years, e.g., 2023, 2022, 2020, 2019, 2015, 2014, 2013).
- Declining asset base over the past decade (from $2,100,433 in 2012 to $1,683,275 in 2023).
- Lack of detailed expense breakdown in provided data makes spending efficiency difficult to assess.
- Unusually low liabilities ($1 in most years) alongside significant asset decline could indicate asset liquidation to cover operational costs.
Strengths
The following positive indicators were identified for Lavoie Foundation:
- Consistent IRS 990 filing history demonstrates transparency.
- Zero reported officer compensation, indicating resources are not used for executive salaries.
- Very low liabilities, suggesting good management of debt.
Frequently Asked Questions about Lavoie Foundation
Is Lavoie Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lavoie Foundation (EIN: 20502244) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Lavoie Foundation spend its money?
Lavoie Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lavoie Foundation tax-deductible?
Lavoie Foundation is registered as a tax-exempt nonprofit (EIN: 20502244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lavoie Foundation CEO make?
Lavoie Foundation's highest-compensated officer earns $1.7 annually. The organization reported $385K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lavoie Foundation's spending goes to programs?
Lavoie Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Lavoie Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Lavoie Foundation is near average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lavoie Foundation located?
Lavoie Foundation is headquartered in Barnstead, New Hampshire and files with the IRS under EIN 20502244. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Lavoie Foundation have?
Lavoie Foundation 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 $385K in total revenue.
Is Lavoie Foundation financially sustainable?
Based on the consistent trend of expenses exceeding revenue in most years (e.g., $128,808 expenses vs. $96,019 revenue in 2023), and the decline in assets from $2,100,433 in 2012 to $1,683,275 in 2023, the organization's current financial model does not appear sustainable in the long term without significant changes.
How does Lavoie Foundation cover its operational deficits?
The organization appears to be covering its operational deficits by drawing down its existing assets, as evidenced by the consistent decrease in total assets over the past decade.
What is the breakdown of Lavoie Foundation's expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency accurately. Further investigation into their 990s would be needed for this detail.
Why is officer compensation consistently zero?
The consistent reporting of 0% officer compensation across all filings suggests that the organization is either entirely volunteer-run at the executive level or that compensation is structured in a way not reported as officer compensation on the 990, which would warrant further inquiry.
Filing History
IRS 990 filing history for Lavoie Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lavoie Foundation's revenue has declined by 7.4%, moving from $104K to $96K. Total assets decreased by 1.5% over the same period, from $1.7M to $1.7M. Total functional expenses rose by 12.6%, from $114K to $129K. In its most recent filing year (2023), Lavoie Foundation reported a deficit of $33K, 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. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $129K | $1.7M | $1 | — | — |
| 2022 | $62K | $132K | $1.7M | $1 | — | View 990 |
| 2021 | $153K | $121K | $1.8M | $1 | — | View 990 |
| 2020 | $48K | $129K | $1.8M | $1 | — | View 990 |
| 2019 | $7K | $118K | $1.8M | $1 | — | — |
| 2015 | $68K | $110K | $2.0M | $1 | — | View 990 |
| 2014 | $81K | $105K | $2.1M | $1 | — | View 990 |
| 2013 | $112K | $132K | $2.1M | $1 | — | View 990 |
| 2012 | $451K | $120K | $2.1M | $1 | — | View 990 |
| 2011 | $104K | $114K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $129K, and assets of $1.7M (revenue +53.9% year-over-year).
- 2022: Revenue of $62K, expenses of $132K, and assets of $1.7M (revenue -59.3% year-over-year).
- 2021: Revenue of $153K, expenses of $121K, and assets of $1.8M (revenue +220.8% year-over-year).
- 2020: Revenue of $48K, expenses of $129K, and assets of $1.8M (revenue +570.2% year-over-year).
- 2019: Revenue of $7K, expenses of $118K, and assets of $1.8M (revenue -89.6% year-over-year).
- 2015: Revenue of $68K, expenses of $110K, and assets of $2.0M (revenue -15.2% year-over-year).
- 2014: Revenue of $81K, expenses of $105K, and assets of $2.1M (revenue -27.8% year-over-year).
- 2013: Revenue of $112K, expenses of $132K, and assets of $2.1M (revenue -75.3% year-over-year).
- 2012: Revenue of $451K, expenses of $120K, and assets of $2.1M (revenue +335.1% year-over-year).
- 2011: Revenue of $104K, expenses of $114K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lavoie Foundation:
Data Sources and Methodology
This transparency report for Lavoie 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.