Lucerna Fund
Lucerna Fund maintains substantial assets with fluctuating revenue and consistent zero reported officer compensation.
EIN: 116044099 · Port Washington, NY · NTEE: A33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $23.8M |
| Transparency Score | 75/100 |
Is Lucerna Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lucerna Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lucerna Fund
Lucerna Fund (EIN: 116044099) is a nonprofit organization based in Port Washington, NY, classified under NTEE code A33. The organization reported total revenue of $8.1M and total assets of $25.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucerna Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lucerna Fund is a mid-size nonprofit that has been operating for 61 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $952K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-277,498 |
| Total Assets | $23.8M |
| Total Liabilities | $1 |
| Net Assets | $23.8M |
| Operating Margin | -29.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 232.6 months |
Financial Health Grade: B
In 2023, Lucerna Fund reported a deficit of $277K with expenses exceeding revenue, holds 232.6 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), Lucerna Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.4% | -3.2% | +13.2% |
| 2022 | -70.5% | +0.7% | -18.8% |
| 2021 | -26.2% | +14.4% | +11.2% |
| 2020 | +39.1% | +6.4% | +7.1% |
| 2019 | +171.9% | +16.8% | +90.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1965 |
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 Lucerna Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lucerna Fund 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 deficit of $277K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Lucerna Fund consistently reports 0% officer compensation across all available filings, which is unusual for an organization with assets exceeding $25 million and annual expenses over $1 million. This suggests either a fully volunteer executive leadership or that executive compensation is not separately disclosed and is embedded within other expense categories, potentially obscuring a key aspect of financial 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 Lucerna Fund's IRS 990 filings:
- Consistent $0 reported officer compensation, potentially obscuring leadership costs.
- Expenses exceeded revenue in recent years (2022 and 2023), indicating reliance on asset draw.
Strengths
The following positive indicators were identified for Lucerna Fund:
- Substantial and growing asset base ($25,766,955 latest, up from $10.4M in 2011) providing long-term stability.
- Minimal liabilities ($1 in most years) indicating excellent financial health and low debt.
- Consistent filing history (10 filings) demonstrating commitment to transparency through regular reporting.
Frequently Asked Questions about Lucerna Fund
Is Lucerna Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Lucerna Fund (EIN: 116044099) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Lucerna Fund spend its money?
Lucerna Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lucerna Fund tax-deductible?
Lucerna Fund is registered as a tax-exempt nonprofit (EIN: 116044099). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lucerna Fund CEO make?
Lucerna Fund's highest-compensated officer earns $25 annually. The organization reported $8.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lucerna Fund's spending goes to programs?
Lucerna Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lucerna Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lucerna Fund is above average for NTEE category A33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lucerna Fund located?
Lucerna Fund is headquartered in Port Washington, New York and files with the IRS under EIN 116044099. It is classified under NTEE code A33.
How many years of IRS 990 filings does Lucerna Fund have?
Lucerna Fund 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 $8.1M in total revenue.
How does Lucerna Fund sustain operations when expenses exceed revenue, as seen in 2022 and 2023?
The organization likely draws from its substantial asset base, which stood at $25,766,955 in the latest period, to cover operational deficits. For example, in 2023, expenses were $1,229,874 against revenue of $952,376, a difference covered by existing assets.
What is the nature of Lucerna Fund's program activities given its NTEE code A33 (Philanthropy, Voluntarism & Grantmaking Foundations)?
As an A33 organization, Lucerna Fund is primarily involved in grantmaking or supporting other charitable organizations. The financial data alone does not detail specific grants or beneficiaries, but its role is likely as a funding entity rather than a direct service provider.
Why is officer compensation consistently reported as $0?
A consistent $0 officer compensation could indicate that the organization is entirely run by volunteers at the executive level, or that any compensation for leadership is categorized differently within the IRS Form 990, such as under 'salaries and wages' without specific officer disclosure. This lack of detail can reduce transparency regarding leadership costs.
Filing History
IRS 990 filing history for Lucerna Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lucerna Fund's revenue has grown by 134.1%, moving from $407K to $952K. Total assets increased by 128.3% over the same period, from $10.4M to $23.8M. Total functional expenses rose by 31.9%, from $933K to $1.2M. In its most recent filing year (2023), Lucerna Fund reported a deficit of $277K, with expenses exceeding revenue. The organization holds $1 in liabilities against $23.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $952K | $1.2M | $23.8M | $1 | — | View 990 |
| 2022 | $556K | $1.3M | $21.1M | $1 | — | View 990 |
| 2021 | $1.9M | $1.3M | $25.9M | $1 | — | — |
| 2020 | $2.5M | $1.1M | $23.3M | $1 | — | View 990 |
| 2019 | $1.8M | $1.0M | $21.8M | $1 | — | View 990 |
| 2015 | $674K | $887K | $11.4M | $1 | — | View 990 |
| 2014 | $1.2M | $891K | $11.6M | $4K | — | View 990 |
| 2013 | $1.9M | $930K | $11.3M | $1 | — | View 990 |
| 2012 | $882K | $933K | $10.4M | $1 | — | View 990 |
| 2011 | $407K | $933K | $10.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $952K, expenses of $1.2M, and assets of $23.8M (revenue +71.4% year-over-year).
- 2022: Revenue of $556K, expenses of $1.3M, and assets of $21.1M (revenue -70.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.3M, and assets of $25.9M (revenue -26.2% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.1M, and assets of $23.3M (revenue +39.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.0M, and assets of $21.8M (revenue +171.9% year-over-year).
- 2015: Revenue of $674K, expenses of $887K, and assets of $11.4M (revenue -44.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $891K, and assets of $11.6M (revenue -34.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $930K, and assets of $11.3M (revenue +110.6% year-over-year).
- 2012: Revenue of $882K, expenses of $933K, and assets of $10.4M (revenue +116.9% year-over-year).
- 2011: Revenue of $407K, expenses of $933K, and assets of $10.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lucerna Fund:
Data Sources and Methodology
This transparency report for Lucerna Fund 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.