Leonard And Joan Foundation
EIN: 261367670 · Chicago, IL · NTEE: T990
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $288K |
| Net Assets | $5.1M |
Is Leonard And Joan Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Leonard And Joan Foundation
Leonard And Joan Foundation (EIN: 261367670) is a nonprofit organization based in Chicago, IL, classified under NTEE code T990. The organization reported total revenue of $1.3M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonard And Joan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonard And Joan 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 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $604K |
| Total Expenses | $288K |
| Surplus / Deficit | +$316K |
| Total Assets | $5.4M |
| Total Liabilities | $266K |
| Net Assets | $5.1M |
| Operating Margin | 52.3% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 223.6 months |
Financial Health Grade: A
In 2023, Leonard And Joan Foundation reported a surplus of $316K with revenue exceeding expenses, holds 223.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Leonard And Joan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.6% | +9.6% | +19.1% |
| 2022 | -12.0% | -1.1% | -8.0% |
| 2021 | +54.3% | +26.5% | +13.5% |
| 2020 | -39.3% | +21.0% | +14.9% |
| 2019 | +839.5% | -1.6% | +32.5% |
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 Analysis Pending
AI enrichment for Leonard And Joan Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leonard And Joan Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $316K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Frequently Asked Questions about Leonard And Joan Foundation
Is Leonard And Joan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Leonard And Joan Foundation (EIN: 261367670) insufficient data. 0 red flags identified, 0 strengths noted.
How does Leonard And Joan Foundation spend its money?
Detailed spending breakdown data is not yet available for Leonard And Joan Foundation. Check back for updated IRS 990 analysis.
Are donations to Leonard And Joan Foundation tax-deductible?
Leonard And Joan Foundation is registered as a tax-exempt nonprofit (EIN: 261367670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leonard And Joan Foundation located?
Leonard And Joan Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 261367670. It is classified under NTEE code T990.
How many years of IRS 990 filings does Leonard And Joan Foundation have?
Leonard And Joan 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Leonard And Joan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leonard And Joan Foundation's revenue has grown by 657.3%, moving from $80K to $604K. Total assets increased by 52% over the same period, from $3.5M to $5.4M. Total functional expenses fell by 8.4%, from $315K to $288K. In its most recent filing year (2023), Leonard And Joan Foundation reported a surplus of $316K, with revenue exceeding expenses. The organization holds $266K in liabilities against $5.4M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $604K | $288K | $5.4M | $266K | — | — |
| 2022 | $791K | $263K | $4.5M | $241K | — | View 990 |
| 2021 | $899K | $266K | $4.9M | $289K | — | View 990 |
| 2020 | $582K | $210K | $4.3M | $179K | — | — |
| 2019 | $959K | $174K | $3.8M | $191K | — | View 990 |
| 2015 | $102K | $177K | $2.8M | $146K | — | View 990 |
| 2014 | $83K | $159K | $3.1M | $133K | — | View 990 |
| 2013 | $42K | $208K | $3.2M | $151K | — | View 990 |
| 2012 | $607K | $768K | $3.4M | $224K | — | View 990 |
| 2011 | $80K | $315K | $3.5M | $236K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $604K, expenses of $288K, and assets of $5.4M (revenue -23.6% year-over-year).
- 2022: Revenue of $791K, expenses of $263K, and assets of $4.5M (revenue -12.0% year-over-year).
- 2021: Revenue of $899K, expenses of $266K, and assets of $4.9M (revenue +54.3% year-over-year).
- 2020: Revenue of $582K, expenses of $210K, and assets of $4.3M (revenue -39.3% year-over-year).
- 2019: Revenue of $959K, expenses of $174K, and assets of $3.8M (revenue +839.5% year-over-year).
- 2015: Revenue of $102K, expenses of $177K, and assets of $2.8M (revenue +23.5% year-over-year).
- 2014: Revenue of $83K, expenses of $159K, and assets of $3.1M (revenue +98.5% year-over-year).
- 2013: Revenue of $42K, expenses of $208K, and assets of $3.2M (revenue -93.1% year-over-year).
- 2012: Revenue of $607K, expenses of $768K, and assets of $3.4M (revenue +660.6% year-over-year).
- 2011: Revenue of $80K, expenses of $315K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonard And Joan Foundation:
Data Sources and Methodology
This transparency report for Leonard And Joan 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.