Lee & Cheryl Lasher Familyfoundation Inc
Lee & Cheryl Lasher Familyfoundation Inc shows consistent asset growth and low liabilities with no reported officer compensation.
EIN: 204901334 · Englewood, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $206K |
| Program Spending | 90% |
| Net Assets | $2.4M |
| Transparency Score | 90/100 |
Is Lee & Cheryl Lasher Familyfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lee & Cheryl Lasher Familyfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lee & Cheryl Lasher Familyfoundation Inc
Lee & Cheryl Lasher Familyfoundation Inc (EIN: 204901334) is a nonprofit organization based in Englewood, NJ, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lee & Cheryl Lasher Familyfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lee & Cheryl Lasher Familyfoundation Inc is a mid-size 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 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $206K |
| Surplus / Deficit | +$294K |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | 58.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 141.8 months |
Financial Health Grade: A
In 2023, Lee & Cheryl Lasher Familyfoundation Inc reported a surplus of $294K with revenue exceeding expenses, holds 141.8 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), Lee & Cheryl Lasher Familyfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.8% | -28.3% | +13.8% |
| 2022 | -65.5% | +68.4% | -1.8% |
| 2021 | +200.9% | +36.1% | +33.9% |
| 2020 | +68.1% | +18.4% | +7.6% |
| 2019 | +27.5% | +37.0% | +12.5% |
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 Lee & Cheryl Lasher Familyfoundation Inc 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, Lee & Cheryl Lasher Familyfoundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $294K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor confidence and resource allocation.
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 Lee & Cheryl Lasher Familyfoundation Inc:
- Consistent asset growth, increasing from $989,788 in 2011 to $2,608,233 currently.
- Extremely low liabilities, consistently reported as $1 across all filings, indicating strong financial stability.
- No reported officer compensation across all filings, demonstrating a commitment to directing funds towards the mission.
- Expenses consistently well below revenue, allowing for significant asset accumulation and future grantmaking capacity.
- Strong financial health with a positive net income in most years, such as $294,047 in 2023 ($499,802 revenue - $205,755 expenses).
Frequently Asked Questions about Lee & Cheryl Lasher Familyfoundation Inc
Is Lee & Cheryl Lasher Familyfoundation Inc a legitimate charity?
Lee & Cheryl Lasher Familyfoundation Inc (EIN: 204901334) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lee & Cheryl Lasher Familyfoundation Inc spend its money?
Lee & Cheryl Lasher Familyfoundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lee & Cheryl Lasher Familyfoundation Inc tax-deductible?
Lee & Cheryl Lasher Familyfoundation Inc is registered as a tax-exempt nonprofit (EIN: 204901334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lee & Cheryl Lasher Familyfoundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lee & Cheryl Lasher Familyfoundation Inc 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 Lee & Cheryl Lasher Familyfoundation Inc located?
Lee & Cheryl Lasher Familyfoundation Inc is headquartered in Englewood, New Jersey and files with the IRS under EIN 204901334. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lee & Cheryl Lasher Familyfoundation Inc have?
Lee & Cheryl Lasher Familyfoundation 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 $1.1M in total revenue.
What is the specific grantmaking focus of the Lee & Cheryl Lasher Familyfoundation Inc?
Based on the NTEE code T20 (Private Grantmaking Foundations), the organization's primary activity is making grants, but the specific areas or causes it supports are not detailed in the provided financial data.
How does the foundation manage its investment portfolio to achieve asset growth?
While the financial data shows consistent asset growth from $989,788 in 2011 to $2,608,233 currently, the specific investment strategies or portfolio details are not available in the provided IRS 990 summary.
What is the typical grant amount or number of grants distributed annually?
The provided IRS 990 data summarizes overall expenses but does not break down the number or average amount of grants distributed, which would require reviewing the full 990 forms.
Filing History
IRS 990 filing history for Lee & Cheryl Lasher Familyfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lee & Cheryl Lasher Familyfoundation Inc's revenue has grown by 89.7%, moving from $263K to $500K. Total assets increased by 145.6% over the same period, from $990K to $2.4M. Total functional expenses rose by 385.9%, from $42K to $206K. In its most recent filing year (2023), Lee & Cheryl Lasher Familyfoundation Inc reported a surplus of $294K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $206K | $2.4M | $1 | — | View 990 |
| 2022 | $249K | $287K | $2.1M | $1 | — | View 990 |
| 2021 | $721K | $170K | $2.2M | $1 | — | View 990 |
| 2020 | $240K | $125K | $1.6M | $1 | — | View 990 |
| 2019 | $143K | $106K | $1.5M | $1 | — | View 990 |
| 2015 | $112K | $77K | $1.3M | $1 | — | View 990 |
| 2014 | $104K | $80K | $1.3M | $1 | — | View 990 |
| 2013 | $217K | $73K | $1.3M | $1 | — | View 990 |
| 2012 | $200K | $50K | $1.1M | $1 | — | View 990 |
| 2011 | $263K | $42K | $990K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $500K, expenses of $206K, and assets of $2.4M (revenue +100.8% year-over-year).
- 2022: Revenue of $249K, expenses of $287K, and assets of $2.1M (revenue -65.5% year-over-year).
- 2021: Revenue of $721K, expenses of $170K, and assets of $2.2M (revenue +200.9% year-over-year).
- 2020: Revenue of $240K, expenses of $125K, and assets of $1.6M (revenue +68.1% year-over-year).
- 2019: Revenue of $143K, expenses of $106K, and assets of $1.5M (revenue +27.5% year-over-year).
- 2015: Revenue of $112K, expenses of $77K, and assets of $1.3M (revenue +7.8% year-over-year).
- 2014: Revenue of $104K, expenses of $80K, and assets of $1.3M (revenue -52.1% year-over-year).
- 2013: Revenue of $217K, expenses of $73K, and assets of $1.3M (revenue +8.1% year-over-year).
- 2012: Revenue of $200K, expenses of $50K, and assets of $1.1M (revenue -24.0% year-over-year).
- 2011: Revenue of $263K, expenses of $42K, and assets of $990K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lee & Cheryl Lasher Familyfoundation Inc:
Data Sources and Methodology
This transparency report for Lee & Cheryl Lasher Familyfoundation 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.