Lindsay Family Foundation
Lindsay Family Foundation's assets have declined by over 75% in a decade due to consistent deficit spending.
EIN: 10557030 · Milwaukee, WI · NTEE: T21 · Updated: 2026-03-28
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Lindsay Family Foundation is mapped to EIN 10557030.
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80% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $350K |
| Total Expenses | $135K |
| Program Spending | 80% |
| Net Assets | $66K |
| Transparency Score | 55/100 |
Search Intent Cockpit
Lindsay Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lindsay Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lindsay Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $224K and expenses of $135K.
Revenue and Expenses
Lindsay Family Foundation reported $224K in revenue and $135K in expenses, a surplus of $89K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
55/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Lindsay Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $108K (80%) |
Across stored filings, Lindsay Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with National Tribal Childs Support Association | Wisconsin and Philanthropy context |
Trust Check
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Request a concise report for Lindsay Family Foundation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Lindsay Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lindsay Family Foundation
Lindsay Family Foundation (EIN: 10557030) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T21. The organization reported total revenue of $350K and total assets of $113K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lindsay Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lindsay Family Foundation is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $135K |
| Surplus / Deficit | +$89K |
| Total Assets | $66K |
| Total Liabilities | $1 |
| Net Assets | $66K |
| Operating Margin | 39.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Lindsay Family Foundation reported a surplus of $89K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lindsay Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -105.1% | +11.4% | -69.3% |
| 2021 | +1238.2% | -3.4% | +78.0% |
| 2020 | +76.1% | +131.1% | -48.4% |
| 2019 | -62.0% | -12.5% | -30.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Lindsay Family Foundation with a Mission Score of 55 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lindsay Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary from the foundation's funds, which is commendable for an organization of its size.
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 Lindsay Family Foundation's IRS 990 filings:
- Consistent deficit spending over multiple years, with expenses frequently exceeding revenue (e.g., 2020 revenue $17,546 vs. expenses $146,741).
- Significant decline in total assets from $561,232 in 2011 to $113,316 currently, indicating asset depletion.
- Highly volatile revenue, including a negative revenue figure of $-12,066 in 2022, which raises questions about funding stability.
Strengths
The following positive indicators were identified for Lindsay Family Foundation:
- No reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Minimal liabilities reported across all filings, suggesting responsible debt management.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Lindsay Family Foundation
Is Lindsay Family Foundation a legitimate charity?
Lindsay Family Foundation (EIN: 10557030) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $350K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Lindsay Family Foundation spend its money?
Lindsay Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lindsay Family Foundation tax-deductible?
Lindsay Family Foundation is registered as a tax-exempt nonprofit (EIN: 10557030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lindsay Family Foundation's spending goes to programs?
Lindsay Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lindsay Family Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Lindsay Family Foundation is near average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lindsay Family Foundation located?
Lindsay Family Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 10557030. It is classified under NTEE code T21.
How many years of IRS 990 filings does Lindsay Family Foundation have?
Lindsay 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 $350K in total revenue.
Is the Lindsay Family Foundation financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. It has consistently spent more than its revenue for many years, leading to a significant decline in assets from $561,232 in 2011 to $113,316 currently. This trend suggests a reliance on depleting its endowment rather than generating sufficient operational income.
What caused the negative revenue in 2022?
The filing for Period 202212 shows a negative revenue of $-12,066. Without further detail from the 990 form, it's difficult to pinpoint the exact cause, but it could be due to investment losses, significant returns of contributions, or adjustments from prior periods.
How does the foundation allocate its expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While a general spending breakdown is estimated, specific figures from the 990s would be needed for a precise analysis of allocation efficiency.
Filing History
IRS 990 filing history for Lindsay Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lindsay Family Foundation's revenue has grown by 468%, moving from $39K to $224K. Total assets decreased by 88.2% over the same period, from $561K to $66K. Total functional expenses rose by 138.9%, from $57K to $135K. In its most recent filing year (2023), Lindsay Family Foundation reported a surplus of $89K, with revenue exceeding expenses. The organization holds $1 in liabilities against $66K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $224K | $135K | $66K | $1 | — | — |
| 2022 | $-12,066 | $158K | $75K | $1 | — | View 990 |
| 2021 | $235K | $142K | $245K | $1 | — | — |
| 2020 | $18K | $147K | $138K | $1 | — | — |
| 2019 | $10K | $64K | $267K | $0 | — | View 990 |
| 2015 | $26K | $73K | $384K | $0 | — | View 990 |
| 2014 | $26K | $67K | $431K | $346 | — | View 990 |
| 2013 | $33K | $83K | $472K | $115 | — | View 990 |
| 2012 | $22K | $62K | $522K | $0 | — | View 990 |
| 2011 | $39K | $57K | $561K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $224K, expenses of $135K, and assets of $66K.
- 2022: Revenue of $-12,066, expenses of $158K, and assets of $75K (revenue -105.1% year-over-year).
- 2021: Revenue of $235K, expenses of $142K, and assets of $245K (revenue +1238.2% year-over-year).
- 2020: Revenue of $18K, expenses of $147K, and assets of $138K (revenue +76.1% year-over-year).
- 2019: Revenue of $10K, expenses of $64K, and assets of $267K (revenue -62.0% year-over-year).
- 2015: Revenue of $26K, expenses of $73K, and assets of $384K (revenue +2.7% year-over-year).
- 2014: Revenue of $26K, expenses of $67K, and assets of $431K (revenue -23.8% year-over-year).
- 2013: Revenue of $33K, expenses of $83K, and assets of $472K (revenue +51.1% year-over-year).
- 2012: Revenue of $22K, expenses of $62K, and assets of $522K (revenue -43.9% year-over-year).
- 2011: Revenue of $39K, expenses of $57K, and assets of $561K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lindsay Family Foundation:
Data Sources and Methodology
This transparency report for Lindsay 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.