Lohengrin Foundation Inc
Lohengrin Foundation experiences significant financial volatility with declining assets and inconsistent operating results.
EIN: 136141339 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $5.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $24 |
| Net Assets | $24.4M |
| Transparency Score | 55/100 |
Is Lohengrin Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lohengrin Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lohengrin Foundation Inc
Lohengrin Foundation Inc (EIN: 136141339) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $5.8M and total assets of $18.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lohengrin Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lohengrin Foundation Inc is a mid-size nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-2,822,519 |
| Total Assets | $24.4M |
| Total Liabilities | $1 |
| Net Assets | $24.4M |
| Operating Margin | -111.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 54.7 months |
Financial Health Grade: B
In 2023, Lohengrin Foundation Inc reported a deficit of $2.8M with expenses exceeding revenue, holds 54.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lohengrin Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.0% | +7.5% | -10.3% |
| 2022 | +234.0% | +67.7% | -5.8% |
| 2021 | -94.4% | +322.2% | -4.1% |
| 2020 | +2060.8% | +13.1% | +19218.9% |
| 2019 | +183.7% | +124.3% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1964 |
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 Lohengrin Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lohengrin Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets reaching over $24 million in 2023. This suggests either a fully volunteer executive team or that executive compensation is categorized under other expense lines, which could obscure the true cost of leadership.
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 Lohengrin Foundation Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial stability unpredictable (e.g., $30.7M revenue in 2020 vs. $2.5M in 2023).
- Significant operating deficits in recent years (e.g., 2023 expenses of $5.3M against $2.5M revenue).
- Substantial decline in assets from $30.1M in 2020 to $18.1M currently.
- Consistent reporting of 0% officer compensation, which may obscure true leadership costs.
- Unknown NTEE code, hindering understanding of programmatic focus and sector comparison.
Strengths
The following positive indicators were identified for Lohengrin Foundation Inc:
- Consistently reports minimal liabilities, indicating good debt management.
- Demonstrated capacity to attract significant funding in certain periods (e.g., $30.7M in 2020).
- Long filing history (10 filings), suggesting established operations.
- No reported officer compensation, potentially indicating a highly efficient or volunteer-driven leadership structure.
Frequently Asked Questions about Lohengrin Foundation Inc
Is Lohengrin Foundation Inc a legitimate charity?
Lohengrin Foundation Inc (EIN: 136141339) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.8M. 5 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lohengrin Foundation Inc spend its money?
Lohengrin Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Lohengrin Foundation Inc tax-deductible?
Lohengrin Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136141339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lohengrin Foundation Inc CEO make?
Lohengrin Foundation Inc's highest-compensated officer earns $24 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lohengrin Foundation Inc's spending goes to programs?
Lohengrin Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Lohengrin Foundation Inc located?
Lohengrin Foundation Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 136141339.
How many years of IRS 990 filings does Lohengrin Foundation Inc have?
Lohengrin 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 $5.8M in total revenue.
Is Lohengrin Foundation Inc a good charity?
Assessing if Lohengrin Foundation Inc is a 'good' charity is complex due to its highly volatile financial history. While it consistently reports minimal liabilities and zero officer compensation, its revenue and expense figures fluctuate dramatically, making it difficult to gauge consistent operational efficiency or programmatic impact without more detailed information on its activities and expense breakdown.
Why are Lohengrin Foundation Inc's assets declining?
The Lohengrin Foundation Inc's assets have declined significantly from a peak of $30,107,934 in 2020 to $18,098,668 currently. This decline is likely due to the organization consistently spending more than it earns in recent years, such as in 2023 where expenses ($5,346,632) significantly exceeded revenue ($2,524,113), drawing down its reserves.
What caused the massive revenue spike in 2020?
In 2020, Lohengrin Foundation Inc reported an extraordinary revenue of $30,699,618, a substantial increase from previous and subsequent years. Without further details from the 990 filing, it's impossible to pinpoint the exact cause, but it could be attributed to a large one-time donation, a significant investment gain, or a major grant.
How does Lohengrin Foundation Inc manage its expenses with such fluctuating revenue?
The organization's ability to manage expenses with such fluctuating revenue is a key concern. In years like 2020, expenses were very low relative to revenue ($702,350 vs. $30.7M revenue), suggesting a conservative spending approach or a focus on asset accumulation. However, in 2023, expenses ($5.3M) significantly outstripped revenue ($2.5M), indicating a reliance on prior reserves or other funding sources to cover operational costs.
What is the Lohengrin Foundation Inc's primary mission or program area?
The primary mission or program area of Lohengrin Foundation Inc cannot be determined from the provided data, as the NTEE code is listed as 'Unknown'. This lack of information makes it difficult to assess its programmatic focus or compare its financial performance against similar organizations.
Filing History
IRS 990 filing history for Lohengrin Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lohengrin Foundation Inc's revenue has grown by 1100.9%, moving from $210K to $2.5M. Total assets increased by 19694.7% over the same period, from $123K to $24.4M. Total functional expenses rose by 1813.3%, from $279K to $5.3M. In its most recent filing year (2023), Lohengrin Foundation Inc reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $5.3M | $24.4M | $1 | — | — |
| 2022 | $5.7M | $5.0M | $27.2M | $1 | — | View 990 |
| 2021 | $1.7M | $3.0M | $28.9M | $1 | — | View 990 |
| 2020 | $30.7M | $702K | $30.1M | $1 | — | View 990 |
| 2019 | $1.4M | $621K | $156K | $1 | — | View 990 |
| 2015 | $501K | $277K | $136K | $0 | — | View 990 |
| 2014 | $484K | $219K | $165K | $3K | — | View 990 |
| 2013 | $394K | $232K | $110K | $0 | — | View 990 |
| 2012 | $508K | $218K | $167K | $0 | — | View 990 |
| 2011 | $210K | $279K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $5.3M, and assets of $24.4M (revenue -56.0% year-over-year).
- 2022: Revenue of $5.7M, expenses of $5.0M, and assets of $27.2M (revenue +234.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $3.0M, and assets of $28.9M (revenue -94.4% year-over-year).
- 2020: Revenue of $30.7M, expenses of $702K, and assets of $30.1M (revenue +2060.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $621K, and assets of $156K (revenue +183.7% year-over-year).
- 2015: Revenue of $501K, expenses of $277K, and assets of $136K (revenue +3.4% year-over-year).
- 2014: Revenue of $484K, expenses of $219K, and assets of $165K (revenue +23.1% year-over-year).
- 2013: Revenue of $394K, expenses of $232K, and assets of $110K (revenue -22.5% year-over-year).
- 2012: Revenue of $508K, expenses of $218K, and assets of $167K (revenue +141.7% year-over-year).
- 2011: Revenue of $210K, expenses of $279K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lohengrin Foundation Inc:
Data Sources and Methodology
This transparency report for Lohengrin 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.