Lsb Foundation
Lsb Foundation maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 201653464 · Reinbeck, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $277K |
| Program Spending | 90% |
| Net Assets | $102K |
| Transparency Score | 85/100 |
Is Lsb Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lsb Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lsb Foundation
Lsb Foundation (EIN: 201653464) is a nonprofit organization based in Reinbeck, IA, classified under NTEE code T22. The organization reported total revenue of $242K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lsb Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lsb Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $277K |
| Total Expenses | $277K |
| Surplus / Deficit | +$654 |
| Total Assets | $102K |
| Total Liabilities | $1 |
| Net Assets | $102K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Lsb Foundation reported a surplus of $654 with revenue exceeding expenses, holds 4.4 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), Lsb Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +19.0% | +0.6% |
| 2022 | +12.2% | +3.7% | +57.2% |
| 2021 | +3.0% | -4.9% | +27.1% |
| 2020 | +31.6% | +40.0% | -13.8% |
| 2016 | -11.5% | -41.5% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Lsb Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lsb Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $654, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Lsb Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which can allow more funds to be directed towards its mission.
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 Lsb Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes precise efficiency analysis difficult.
- Consistent $1 liability reported across multiple years could be an accounting anomaly or simplified reporting.
Strengths
The following positive indicators were identified for Lsb Foundation:
- Consistent positive net income in recent years (e.g., $277,311 revenue vs. $276,657 expenses in 2023).
- Zero reported officer compensation across all filings, indicating high potential for mission-directed spending.
- Very low liabilities ($1 reported consistently), suggesting strong financial stability and minimal debt.
- Steady growth in assets over the past decade, from $91,817 in 2011 to $102,391 in 2023.
- Extensive filing history (10 filings) demonstrates consistent transparency and compliance.
Frequently Asked Questions about Lsb Foundation
Is Lsb Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lsb Foundation (EIN: 201653464) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Lsb Foundation spend its money?
Lsb Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lsb Foundation tax-deductible?
Lsb Foundation is registered as a tax-exempt nonprofit (EIN: 201653464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lsb Foundation's spending goes to programs?
Lsb Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lsb Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lsb Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lsb Foundation located?
Lsb Foundation is headquartered in Reinbeck, Iowa and files with the IRS under EIN 201653464. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lsb Foundation have?
Lsb 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 $242K in total revenue.
Is Lsb Foundation a good charity?
Based on the available financial data, Lsb Foundation appears to be a well-managed organization with stable finances, consistent revenue, and a very low liability burden. The absence of officer compensation suggests a strong commitment to directing resources towards its mission. However, a full assessment would benefit from a detailed breakdown of program vs. administrative expenses.
How has Lsb Foundation's financial health changed over time?
Lsb Foundation has shown consistent growth in revenue and assets over the past decade. For instance, revenue grew from $115,989 in 2011 to $277,311 in 2023, and assets increased from $91,817 to $102,391 in the same period, indicating a positive trend in financial health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a model where executive leadership is either entirely volunteer-based or compensated through non-officer salary mechanisms, which is unusual for an organization of its size and longevity.
Filing History
IRS 990 filing history for Lsb Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lsb Foundation's revenue has grown by 139.1%, moving from $116K to $277K. Total assets increased by 11.5% over the same period, from $92K to $102K. Total functional expenses rose by 123.9%, from $124K to $277K. In its most recent filing year (2023), Lsb Foundation reported a surplus of $654, with revenue exceeding expenses. The organization holds $1 in liabilities against $102K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $277K | $277K | $102K | $1 | — | View 990 |
| 2022 | $267K | $233K | $102K | $1 | — | View 990 |
| 2021 | $238K | $224K | $65K | $1 | — | — |
| 2020 | $231K | $236K | $51K | $1 | — | View 990 |
| 2016 | $176K | $169K | $59K | $1 | — | View 990 |
| 2015 | $198K | $288K | $52K | $1 | — | View 990 |
| 2014 | $138K | $127K | $142K | $1 | — | View 990 |
| 2013 | $160K | $129K | $131K | $1 | — | View 990 |
| 2012 | $110K | $102K | $100K | $1 | — | View 990 |
| 2011 | $116K | $124K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277K, expenses of $277K, and assets of $102K (revenue +3.8% year-over-year).
- 2022: Revenue of $267K, expenses of $233K, and assets of $102K (revenue +12.2% year-over-year).
- 2021: Revenue of $238K, expenses of $224K, and assets of $65K (revenue +3.0% year-over-year).
- 2020: Revenue of $231K, expenses of $236K, and assets of $51K (revenue +31.6% year-over-year).
- 2016: Revenue of $176K, expenses of $169K, and assets of $59K (revenue -11.5% year-over-year).
- 2015: Revenue of $198K, expenses of $288K, and assets of $52K (revenue +44.0% year-over-year).
- 2014: Revenue of $138K, expenses of $127K, and assets of $142K (revenue -14.1% year-over-year).
- 2013: Revenue of $160K, expenses of $129K, and assets of $131K (revenue +45.6% year-over-year).
- 2012: Revenue of $110K, expenses of $102K, and assets of $100K (revenue -5.1% year-over-year).
- 2011: Revenue of $116K, expenses of $124K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lsb Foundation:
Data Sources and Methodology
This transparency report for Lsb 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.