Lindemann Foundation Inc
Lindemann Foundation maintains stable assets despite volatile revenue and consistent expenses with no reported officer compensation.
EIN: 136140249 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $104K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Lindemann Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lindemann Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lindemann Foundation Inc
Lindemann Foundation Inc (EIN: 136140249) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $1.6M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lindemann Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lindemann Foundation Inc is a mid-size nonprofit that has been operating for 82 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -110.9% | -17.7% | -8.9% |
| 2022 | +678.8% | +20.8% | +1.3% |
| 2020 | -198.1% | -10.2% | -20.2% |
| 2019 | +178.0% | +23.2% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1944 |
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 Lindemann Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Lindemann Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that compensation is reported under other expense categories, which would require further detail for complete transparency.
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 Lindemann Foundation Inc's IRS 990 filings:
- Volatile revenue, including multiple years of negative revenue (e.g., -$15,790 in 2023, -$256,930 in 2020), indicating reliance on potentially unpredictable investment returns.
- Lack of detailed expense breakdown (program vs. admin) in the provided data makes it difficult to fully assess spending efficiency.
- NTEE Code is unknown, which limits understanding of its specific charitable focus and impact area.
Strengths
The following positive indicators were identified for Lindemann Foundation Inc:
- Strong balance sheet with consistently low liabilities ($1 in most recent filings) and stable assets (e.g., $1,609,823 latest assets).
- Consistent IRS 990 filing history over a decade, demonstrating good regulatory compliance.
- No reported officer compensation, potentially indicating a volunteer-led organization and efficient use of funds.
- Consistent annual expenses (typically $90k-$120k), suggesting stable operational costs.
Frequently Asked Questions about Lindemann Foundation Inc
Is Lindemann Foundation Inc a legitimate charity?
Lindemann Foundation Inc (EIN: 136140249) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lindemann Foundation Inc spend its money?
Lindemann Foundation Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lindemann Foundation Inc tax-deductible?
Lindemann Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136140249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lindemann Foundation Inc located?
Lindemann Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 136140249.
How many years of IRS 990 filings does Lindemann Foundation Inc have?
Lindemann Foundation 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 $1.6M in total revenue.
What is the primary source of the Lindemann Foundation's revenue, especially given the negative revenue figures in some years?
The negative revenue figures (e.g., -$15,790 in 2023, -$256,930 in 2020) suggest that the foundation's revenue is heavily influenced by investment performance, where losses in a given year can lead to negative net revenue. Further investigation into their investment portfolio and income streams would be necessary.
How does the Lindemann Foundation allocate its expenses between program services and administrative costs?
The provided data only shows total expenses. Without a detailed breakdown, it's challenging to determine the exact allocation. However, given the nature of a grant-making foundation and the absence of fundraising expenses, a significant portion is likely directed towards grants (programs) and necessary administrative oversight.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation could indicate that the foundation is managed by an unpaid, volunteer board of directors, which is common for smaller foundations. Alternatively, compensation might be reported under other expense lines, which would reduce transparency regarding executive pay.
Filing History
IRS 990 filing history for Lindemann Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 22.4% over the same period, from $1.6M to $1.2M. Total functional expenses fell by 8%, from $114K to $104K. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-15,790 | $104K | $1.2M | $1 | — | View 990 |
| 2022 | $144K | $127K | $1.3M | $1 | — | View 990 |
| 2021 | $19K | $105K | $1.3M | $1 | — | View 990 |
| 2020 | $-256,930 | $101K | $1.4M | $1 | — | — |
| 2019 | $262K | $113K | $1.8M | $1 | — | View 990 |
| 2015 | $94K | $91K | $1.7M | $1 | — | View 990 |
| 2014 | $112K | $107K | $1.7M | $1 | — | View 990 |
| 2013 | $298K | $116K | $1.7M | $1 | — | View 990 |
| 2012 | $45K | $93K | $1.5M | $1 | — | View 990 |
| 2011 | $-81,337 | $114K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-15,790, expenses of $104K, and assets of $1.2M (revenue -110.9% year-over-year).
- 2022: Revenue of $144K, expenses of $127K, and assets of $1.3M (revenue +678.8% year-over-year).
- 2021: Revenue of $19K, expenses of $105K, and assets of $1.3M.
- 2020: Revenue of $-256,930, expenses of $101K, and assets of $1.4M (revenue -198.1% year-over-year).
- 2019: Revenue of $262K, expenses of $113K, and assets of $1.8M (revenue +178.0% year-over-year).
- 2015: Revenue of $94K, expenses of $91K, and assets of $1.7M (revenue -16.0% year-over-year).
- 2014: Revenue of $112K, expenses of $107K, and assets of $1.7M (revenue -62.4% year-over-year).
- 2013: Revenue of $298K, expenses of $116K, and assets of $1.7M (revenue +565.7% year-over-year).
- 2012: Revenue of $45K, expenses of $93K, and assets of $1.5M.
- 2011: Revenue of $-81,337, expenses of $114K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lindemann Foundation Inc:
Data Sources and Methodology
This transparency report for Lindemann Foundation 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.