Lillian H Florsheim Foundation For Fine Arts
EIN: 237052993 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $98K |
| Net Assets | $1.1M |
Is Lillian H Florsheim Foundation For Fine Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lillian H Florsheim Foundation For Fine Arts
Lillian H Florsheim Foundation For Fine Arts (EIN: 237052993) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $93K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lillian H Florsheim Foundation For Fine Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lillian H Florsheim Foundation For Fine Arts is a micro nonprofit that has been operating for 60 years, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -24.1%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $98K |
| Surplus / Deficit | $-57,551 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -143.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 136.8 months |
Financial Health Grade: B
In 2016, Lillian H Florsheim Foundation For Fine Arts reported a deficit of $58K with expenses exceeding revenue, holds 136.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2012–2016), Lillian H Florsheim Foundation For Fine Arts's revenue has declined at a compound annual growth rate (CAGR) of -24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -71.2% | +35.4% | -17.7% |
| 2015 | +62.7% | -4.9% | +25.6% |
| 2014 | +54.7% | -45.4% | -3.6% |
| 2013 | -54.2% | -47.2% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lillian H Florsheim Foundation For Fine Arts 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 Lillian H Florsheim Foundation For Fine Arts 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Lillian H Florsheim Foundation For Fine Arts
Is Lillian H Florsheim Foundation For Fine Arts a legitimate charity?
Lillian H Florsheim Foundation For Fine Arts (EIN: 237052993) is a registered tax-exempt nonprofit based in Illinois. It has 5 years of IRS 990 filings on record. Total revenue: $93K. No red flags identified. Financial health grade: B.
How does Lillian H Florsheim Foundation For Fine Arts spend its money?
Lillian H Florsheim Foundation For Fine Arts reported $93K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lillian H Florsheim Foundation For Fine Arts tax-deductible?
Lillian H Florsheim Foundation For Fine Arts is registered as a tax-exempt nonprofit (EIN: 237052993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lillian H Florsheim Foundation For Fine Arts located?
Lillian H Florsheim Foundation For Fine Arts is headquartered in Chicago, Illinois and files with the IRS under EIN 237052993.
How many years of IRS 990 filings does Lillian H Florsheim Foundation For Fine Arts have?
Lillian H Florsheim Foundation For Fine Arts has 5 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 $93K in total revenue.
Filing History
IRS 990 filing history for Lillian H Florsheim Foundation For Fine Arts showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Lillian H Florsheim Foundation For Fine Arts's revenue has declined by 66.8%, moving from $121K to $40K. Total assets increased by 6.4% over the same period, from $1.0M to $1.1M. Total functional expenses fell by 62.9%, from $263K to $98K. In its most recent filing year (2016), Lillian H Florsheim Foundation For Fine Arts reported a deficit of $58K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $40K | $98K | $1.1M | $1 | — | View 990 |
| 2015 | $139K | $72K | $1.4M | $1 | — | View 990 |
| 2014 | $86K | $76K | $1.1M | $1 | — | View 990 |
| 2013 | $55K | $139K | $1.1M | $1 | — | View 990 |
| 2012 | $121K | $263K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $40K, expenses of $98K, and assets of $1.1M (revenue -71.2% year-over-year).
- 2015: Revenue of $139K, expenses of $72K, and assets of $1.4M (revenue +62.7% year-over-year).
- 2014: Revenue of $86K, expenses of $76K, and assets of $1.1M (revenue +54.7% year-over-year).
- 2013: Revenue of $55K, expenses of $139K, and assets of $1.1M (revenue -54.2% year-over-year).
- 2012: Revenue of $121K, expenses of $263K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lillian H Florsheim Foundation For Fine Arts:
Data Sources and Methodology
This transparency report for Lillian H Florsheim Foundation For Fine Arts 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.