Leonard And Lois Green Charitable Foundation
Leonard And Lois Green Charitable Foundation: Declining Assets and High Expenses Raise Concerns
EIN: 222836471 · Woodbridge, NJ · Updated: 2026-04-04
About Leonard And Lois Green Charitable Foundation
Leonard And Lois Green Charitable Foundation (EIN: 222836471) is a nonprofit organization based in Woodbridge, NJ. The organization reported total revenue of $3.0M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonard And Lois Green Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leonard And Lois Green Charitable 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Leonard And Lois Green Charitable Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
The foundation consistently reports $0 in compensation for all officers, directors, trustees, and key employees, which is unusual for an organization with significant expenses.
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 Leonard And Lois Green Charitable Foundation's IRS 990 filings:
- Total expenses consistently exceed revenue, leading to a significant decline in assets from $9,066,787 in 2020 to $4,502,011 in 2023.
- The foundation reports 0% of spending on programs, indicating no direct charitable activities.
- The substantial 'other expenses' (e.g., $2,684,338 in 2023) without clear programmatic spending raises questions about the nature of these expenditures.
- The rapid decrease in assets suggests an unsustainable financial model.
- Lack of detailed expense breakdown beyond 'other expenses' makes it difficult to assess financial efficiency.
Strengths
The following positive indicators were identified for Leonard And Lois Green Charitable Foundation:
- Consistent reporting of $0 executive compensation.
Frequently Asked Questions about Leonard And Lois Green Charitable Foundation
What does Leonard And Lois Green Charitable Foundation do?
Leonard And Lois Green Charitable Foundation is a nonprofit organization in the Unknown sector, located in Woodbridge, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Leonard And Lois Green Charitable Foundation have?
Leonard And Lois Green Charitable Foundation reported total revenue of $3,034,281. Based on 10 IRS 990 filings on record.
What are Leonard And Lois Green Charitable Foundation's total assets?
Leonard And Lois Green Charitable Foundation holds total assets of $4,502,011 as reported in IRS 990 filings.
Where is Leonard And Lois Green Charitable Foundation located?
Leonard And Lois Green Charitable Foundation is based in Woodbridge, New Jersey.
What is Leonard And Lois Green Charitable Foundation's EIN?
Leonard And Lois Green Charitable Foundation's Employer Identification Number (EIN) is 222836471. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Leonard And Lois Green Charitable Foundation?
Leonard And Lois Green Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is Leonard And Lois Green Charitable Foundation a registered 501(c)(3)?
Leonard And Lois Green Charitable Foundation appears in IRS records (EIN: 222836471). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Leonard And Lois Green Charitable Foundation file IRS Form 990?
Yes, Leonard And Lois Green Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Leonard And Lois Green Charitable Foundation's revenue in 2023?
In the 202306 filing period, Leonard And Lois Green Charitable Foundation reported total revenue of $82,678, total expenses of $2,684,338, and net assets of $4,988,612.
Is Leonard And Lois Green Charitable Foundation's revenue growing or declining?
Leonard And Lois Green Charitable Foundation's revenue is declining. Revenue went from $763,810 (202206) to $82,678 (202306), a -89.2% change. Based on 10 filings on record.
What is Leonard And Lois Green Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Leonard And Lois Green Charitable Foundation covers tax period 202306. It shows revenue of $82,678, expenses of $2,684,338, total assets of $4,988,612, and liabilities of $1.
Is Leonard And Lois Green Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Leonard And Lois Green Charitable Foundation shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Leonard And Lois Green Charitable Foundation?
The following concerns were identified: Total expenses consistently exceed revenue, leading to a significant decline in assets from $9,066,787 in 2020 to $4,502,011 in 2023.. The foundation reports 0% of spending on programs, indicating no direct charitable activities.. The substantial 'other expenses' (e.g., $2,684,338 in 2023) without clear programmatic spending raises questions about the nature of these expenditures.. The rapid decrease in assets suggests an unsustainable financial model.. Lack of detailed expense breakdown beyond 'other expenses' makes it difficult to assess financial efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Leonard And Lois Green Charitable Foundation's strengths?
Positive indicators for Leonard And Lois Green Charitable Foundation include: Consistent reporting of $0 executive compensation.. These findings are derived from AI analysis of the organization's financial filings.
How does Leonard And Lois Green Charitable Foundation compensate executives?
The foundation consistently reports $0 in compensation for all officers, directors, trustees, and key employees, which is unusual for an organization with significant expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program spending and significant 'other expenses,' what is the primary charitable purpose or activity of the Leonard And Lois Green Charitable Foundation?
Based on the provided data, the foundation does not appear to engage in direct programmatic spending. The substantial 'other expenses' (e.g., $2,684,338 in 2023) are the primary outflow, but their nature is not specified as charitable programs.
What is driving the substantial and consistent decline in the foundation's assets, from over $9 million in 2020 to $4.5 million in 2023?
The decline in assets is primarily driven by total expenses consistently exceeding revenue. For example, in 2023, revenue was $82,678 while expenses were $2,684,338, leading to a significant net loss and asset depletion.
Filing History
IRS 990 filing history for Leonard And Lois Green Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leonard And Lois Green Charitable Foundation's revenue has grown by 12619.7%, moving from $650 to $83K. Total assets increased by 52533.6% over the same period, from $9K to $5.0M. Total functional expenses rose by 223968.3%, from $1K to $2.7M. In its most recent filing year (2023), Leonard And Lois Green Charitable Foundation reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $2.7M | $5.0M | $1 | — | View 990 |
| 2022 | $764K | $243K | $7.6M | $1 | — | View 990 |
| 2021 | $687K | $2.7M | $7.1M | $1 | — | View 990 |
| 2020 | $221K | $1.3M | $9.1M | $1 | — | View 990 |
| 2016 | $115K | $95K | $62K | $1 | — | View 990 |
| 2015 | $40K | $37K | $42K | $1 | — | View 990 |
| 2014 | $53K | $64K | $39K | $1 | — | View 990 |
| 2013 | $152K | $113K | $51K | $1 | — | View 990 |
| 2012 | $3K | $1K | $12K | $1 | — | View 990 |
| 2011 | $650 | $1K | $9K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $2.7M, and assets of $5.0M (revenue -89.2% year-over-year).
- 2022: Revenue of $764K, expenses of $243K, and assets of $7.6M (revenue +11.2% year-over-year).
- 2021: Revenue of $687K, expenses of $2.7M, and assets of $7.1M (revenue +210.7% year-over-year).
- 2020: Revenue of $221K, expenses of $1.3M, and assets of $9.1M (revenue +91.6% year-over-year).
- 2016: Revenue of $115K, expenses of $95K, and assets of $62K (revenue +190.0% year-over-year).
- 2015: Revenue of $40K, expenses of $37K, and assets of $42K (revenue -24.8% year-over-year).
- 2014: Revenue of $53K, expenses of $64K, and assets of $39K (revenue -65.2% year-over-year).
- 2013: Revenue of $152K, expenses of $113K, and assets of $51K (revenue +4522.8% year-over-year).
- 2012: Revenue of $3K, expenses of $1K, and assets of $12K (revenue +406.3% year-over-year).
- 2011: Revenue of $650, expenses of $1K, and assets of $9K.
Data Sources and Methodology
This transparency report for Leonard And Lois Green Charitable 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.