Lefkofsky Family Foundation
Lefkofsky Family Foundation maintains substantial assets and zero reported officer compensation amidst fluctuating revenues.
EIN: 207066362 · Chicago, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.4M |
| Total Expenses | $9.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $64 |
| Net Assets | $62.2M |
| Transparency Score | 92/100 |
Is Lefkofsky Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lefkofsky Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lefkofsky Family Foundation
Lefkofsky Family Foundation (EIN: 207066362) is a nonprofit organization based in Chicago, IL, classified under NTEE code T22. The organization reported total revenue of $8.4M and total assets of $64.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lefkofsky Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lefkofsky Family Foundation is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $9.3M |
| Surplus / Deficit | $-6,887,580 |
| Total Assets | $62.3M |
| Total Liabilities | $65K |
| Net Assets | $62.2M |
| Operating Margin | -283.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 80.2 months |
Financial Health Grade: B
In 2023, Lefkofsky Family Foundation reported a deficit of $6.9M with expenses exceeding revenue, holds 80.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lefkofsky Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.4% | +10.2% | -9.9% |
| 2022 | -82.2% | +65.6% | -5.3% |
| 2021 | +134.6% | -25.2% | +40.2% |
| 2020 | +674.6% | +11.3% | +9.1% |
| 2019 | -90.0% | -23.3% | +72.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Lefkofsky Family Foundation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lefkofsky Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $6.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Lefkofsky Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees. This suggests a highly efficient use of funds, with resources directly allocated to programmatic activities rather than executive salaries, which is commendable for an organization with assets exceeding $64 million.
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 Lefkofsky Family Foundation's IRS 990 filings:
- Significant annual revenue fluctuations, potentially indicating reliance on unpredictable funding sources or investment performance.
Strengths
The following positive indicators were identified for Lefkofsky Family Foundation:
- Consistent 0% officer compensation, demonstrating high efficiency in resource allocation.
- Strong and growing asset base, indicating long-term financial stability and capacity.
- History of substantial expenses, suggesting active programmatic engagement.
- Low liabilities relative to assets, indicating sound financial management.
Frequently Asked Questions about Lefkofsky Family Foundation
Is Lefkofsky Family Foundation a legitimate charity?
Lefkofsky Family Foundation (EIN: 207066362) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.4M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Lefkofsky Family Foundation spend its money?
Lefkofsky Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lefkofsky Family Foundation tax-deductible?
Lefkofsky Family Foundation is registered as a tax-exempt nonprofit (EIN: 207066362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lefkofsky Family Foundation CEO make?
Lefkofsky Family Foundation's highest-compensated officer earns $64 annually. The organization reported $8.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lefkofsky Family Foundation's spending goes to programs?
Lefkofsky Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lefkofsky Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lefkofsky Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lefkofsky Family Foundation located?
Lefkofsky Family Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 207066362. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lefkofsky Family Foundation have?
Lefkofsky Family 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 $8.4M in total revenue.
Is Lefkofsky Family Foundation a good charity?
Based on the provided data, the Lefkofsky Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. The foundation also maintains a strong asset base ($64,477,308) despite fluctuating revenues, suggesting sound financial management and long-term stability.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have varied significantly, sometimes exceeding revenue, such as in 2023 ($9,321,778 expenses vs. $2,434,198 revenue) and 2022 ($8,460,636 expenses vs. $4,630,282 revenue). However, this is balanced by periods where revenue significantly outpaced expenses, like in 2021 ($26,071,782 revenue vs. $5,107,944 expenses). This pattern is common for foundations that rely on investment returns or large, infrequent donations, and it is supported by a robust asset base.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the years, from $3,308,898 in 2011 to $64,477,308 currently. While there have been minor fluctuations, such as a decrease from $72,962,854 in 2021 to $62,269,843 in 2023, the overall trend indicates strong asset accumulation and financial health.
Filing History
IRS 990 filing history for Lefkofsky Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lefkofsky Family Foundation's revenue has declined by 72%, moving from $8.7M to $2.4M. Total assets increased by 1781.9% over the same period, from $3.3M to $62.3M. Total functional expenses rose by 236%, from $2.8M to $9.3M. In its most recent filing year (2023), Lefkofsky Family Foundation reported a deficit of $6.9M, with expenses exceeding revenue. The organization holds $65K in liabilities against $62.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $62.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $9.3M | $62.3M | $65K | — | — |
| 2022 | $4.6M | $8.5M | $69.1M | $16K | — | View 990 |
| 2021 | $26.1M | $5.1M | $73.0M | $40K | — | View 990 |
| 2020 | $11.1M | $6.8M | $52.0M | $69K | — | View 990 |
| 2019 | $1.4M | $6.1M | $47.7M | $13K | — | — |
| 2015 | $14.3M | $8.0M | $27.6M | $2K | — | View 990 |
| 2014 | $13.3M | $5.8M | $21.3M | $0 | — | View 990 |
| 2013 | $10.0M | $4.3M | $13.8M | $3K | — | View 990 |
| 2012 | $23.6M | $4.8M | $14.1M | $12K | — | View 990 |
| 2011 | $8.7M | $2.8M | $3.3M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $9.3M, and assets of $62.3M (revenue -47.4% year-over-year).
- 2022: Revenue of $4.6M, expenses of $8.5M, and assets of $69.1M (revenue -82.2% year-over-year).
- 2021: Revenue of $26.1M, expenses of $5.1M, and assets of $73.0M (revenue +134.6% year-over-year).
- 2020: Revenue of $11.1M, expenses of $6.8M, and assets of $52.0M (revenue +674.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $6.1M, and assets of $47.7M (revenue -90.0% year-over-year).
- 2015: Revenue of $14.3M, expenses of $8.0M, and assets of $27.6M (revenue +7.5% year-over-year).
- 2014: Revenue of $13.3M, expenses of $5.8M, and assets of $21.3M (revenue +32.7% year-over-year).
- 2013: Revenue of $10.0M, expenses of $4.3M, and assets of $13.8M (revenue -57.6% year-over-year).
- 2012: Revenue of $23.6M, expenses of $4.8M, and assets of $14.1M (revenue +171.4% year-over-year).
- 2011: Revenue of $8.7M, expenses of $2.8M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lefkofsky Family Foundation:
Data Sources and Methodology
This transparency report for Lefkofsky 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.