Lombardo Foundation Inc Cummings & Lockwood J Musicaro
EIN: 61512354 · Stamford, CT · NTEE: B82Z
| Metric | Value |
|---|---|
| Total Revenue | $926K |
| Total Expenses | $342K |
| Net Assets | $5.6M |
Is Lombardo Foundation Inc Cummings & Lockwood J Musicaro Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lombardo Foundation Inc Cummings & Lockwood J Musicaro
Lombardo Foundation Inc Cummings & Lockwood J Musicaro (EIN: 61512354) is a nonprofit organization based in Stamford, CT, classified under NTEE code B82Z. The organization reported total revenue of $926K and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lombardo Foundation Inc Cummings & Lockwood J Musicaro's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lombardo Foundation Inc Cummings & Lockwood J Musicaro is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $342K |
| Surplus / Deficit | $-124,002 |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | -56.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 196.7 months |
Financial Health Grade: B
In 2023, Lombardo Foundation Inc Cummings & Lockwood J Musicaro reported a deficit of $124K with expenses exceeding revenue, holds 196.7 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), Lombardo Foundation Inc Cummings & Lockwood J Musicaro's revenue has grown at a compound annual growth rate (CAGR) of 26.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.1% | +12.9% | +6.5% |
| 2022 | -31.8% | -3.4% | -14.0% |
| 2021 | +168.9% | +92.1% | +9.7% |
| 2020 | -96.8% | +78.4% | +10.8% |
| 2019 | +12147.7% | +58.6% | +869.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lombardo Foundation Inc Cummings & Lockwood J Musicaro 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 Lombardo Foundation Inc Cummings & Lockwood J Musicaro 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Lombardo Foundation Inc Cummings & Lockwood J Musicaro
Is Lombardo Foundation Inc Cummings & Lockwood J Musicaro a legitimate charity?
Based on AI analysis of IRS 990 filings, Lombardo Foundation Inc Cummings & Lockwood J Musicaro (EIN: 61512354) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lombardo Foundation Inc Cummings & Lockwood J Musicaro spend its money?
Detailed spending breakdown data is not yet available for Lombardo Foundation Inc Cummings & Lockwood J Musicaro. Check back for updated IRS 990 analysis.
Are donations to Lombardo Foundation Inc Cummings & Lockwood J Musicaro tax-deductible?
Lombardo Foundation Inc Cummings & Lockwood J Musicaro is registered as a tax-exempt nonprofit (EIN: 61512354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lombardo Foundation Inc Cummings & Lockwood J Musicaro located?
Lombardo Foundation Inc Cummings & Lockwood J Musicaro is headquartered in Stamford, Connecticut and files with the IRS under EIN 61512354. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Lombardo Foundation Inc Cummings & Lockwood J Musicaro have?
Lombardo Foundation Inc Cummings & Lockwood J Musicaro 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 $926K in total revenue.
Filing History
IRS 990 filing history for Lombardo Foundation Inc Cummings & Lockwood J Musicaro showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lombardo Foundation Inc Cummings & Lockwood J Musicaro's revenue has grown by 1510%, moving from $14K to $218K. Total assets increased by 1105.4% over the same period, from $465K to $5.6M. Total functional expenses rose by 768.4%, from $39K to $342K. In its most recent filing year (2023), Lombardo Foundation Inc Cummings & Lockwood J Musicaro reported a deficit of $124K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $342K | $5.6M | $1 | — | — |
| 2022 | $266K | $303K | $5.3M | $1 | — | View 990 |
| 2021 | $390K | $314K | $6.1M | $1 | — | View 990 |
| 2020 | $145K | $163K | $5.6M | $320 | — | — |
| 2019 | $4.6M | $92K | $5.0M | $1 | — | View 990 |
| 2015 | $37K | $58K | $520K | $1 | — | View 990 |
| 2014 | $42K | $44K | $598K | $1 | — | View 990 |
| 2013 | $27K | $43K | $615K | $288 | — | View 990 |
| 2012 | $6K | $44K | $485K | $1 | — | View 990 |
| 2011 | $14K | $39K | $465K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $342K, and assets of $5.6M (revenue -18.1% year-over-year).
- 2022: Revenue of $266K, expenses of $303K, and assets of $5.3M (revenue -31.8% year-over-year).
- 2021: Revenue of $390K, expenses of $314K, and assets of $6.1M (revenue +168.9% year-over-year).
- 2020: Revenue of $145K, expenses of $163K, and assets of $5.6M (revenue -96.8% year-over-year).
- 2019: Revenue of $4.6M, expenses of $92K, and assets of $5.0M (revenue +12147.7% year-over-year).
- 2015: Revenue of $37K, expenses of $58K, and assets of $520K (revenue -10.0% year-over-year).
- 2014: Revenue of $42K, expenses of $44K, and assets of $598K (revenue +55.1% year-over-year).
- 2013: Revenue of $27K, expenses of $43K, and assets of $615K (revenue +363.1% year-over-year).
- 2012: Revenue of $6K, expenses of $44K, and assets of $485K (revenue -57.3% year-over-year).
- 2011: Revenue of $14K, expenses of $39K, and assets of $465K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lombardo Foundation Inc Cummings & Lockwood J Musicaro:
Data Sources and Methodology
This transparency report for Lombardo Foundation Inc Cummings & Lockwood J Musicaro 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.