Lunder Foundation
Lunder Foundation consistently generates significant revenue, maintains minimal liabilities, and reports no officer compensation.
EIN: 10437556 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.6M |
| Total Expenses | $18.9M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 90/100 |
Is Lunder Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lunder Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lunder Foundation
Lunder Foundation (EIN: 10437556) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $37.6M and total assets of $818K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lunder Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lunder Foundation is a large nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.3M |
| Total Expenses | $18.9M |
| Surplus / Deficit | +$19.5M |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | 50.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.8 months |
Financial Health Grade: A
In 2023, Lunder Foundation reported a surplus of $19.5M with revenue exceeding expenses, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lunder Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | -10.4% | +2734.1% |
| 2022 | +49.1% | +48.9% | -14.0% |
| 2021 | -1.6% | +1.7% | -43.6% |
| 2020 | -12.2% | -10.6% | -2.6% |
| 2019 | +790.1% | +312.9% | +101.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Lunder Foundation with a Mission Score of 90 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, Lunder 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 $19.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Lunder Foundation consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be unpaid or compensated through an affiliated entity, which could allow more funds to be directed towards its charitable 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 Lunder Foundation's IRS 990 filings:
- Consistent reporting of 'Liabilities=$1' across all filings, which is unusual and lacks detailed disclosure.
Strengths
The following positive indicators were identified for Lunder Foundation:
- Strong and consistent revenue generation, with annual revenues often exceeding $30 million in recent years.
- Healthy financial surplus, with expenses consistently around half of revenue, allowing for asset growth.
- Significant asset growth, from $209,131 in 2019 to $2,801,696 in 2023, indicating effective financial management.
- No reported officer compensation, suggesting a potential dedication of all funds to the mission or efficient management structure.
- Consistent IRS 990 filing history over a decade, demonstrating commitment to regulatory compliance.
Frequently Asked Questions about Lunder Foundation
Is Lunder Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lunder Foundation (EIN: 10437556) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Lunder Foundation spend its money?
Lunder Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lunder Foundation tax-deductible?
Lunder Foundation is registered as a tax-exempt nonprofit (EIN: 10437556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lunder Foundation's spending goes to programs?
Lunder Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lunder Foundation located?
Lunder Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10437556.
How many years of IRS 990 filings does Lunder Foundation have?
Lunder 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 $37.6M in total revenue.
How does the Lunder Foundation manage to report 'Liabilities=$1' consistently across all its IRS 990 filings?
This is an unusual reporting practice for a foundation of its size and could indicate a specific accounting method for private foundations or that liabilities are managed through an affiliated entity. Further investigation into their financial statements would be needed to understand this.
What is the nature of the Lunder Foundation's 'program' spending, given it's a private foundation?
As a private foundation, its primary program spending would be in the form of grants to other organizations or individuals. The reported expenses of approximately half of its revenue likely represent these grant disbursements and operational costs.
Who manages the Lunder Foundation if no officer compensation is reported?
The foundation could be managed by unpaid volunteers, board members, or through an external management company whose fees are categorized differently within the expenses, rather than as direct officer compensation.
Filing History
IRS 990 filing history for Lunder Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lunder Foundation's revenue has grown by 1967.5%, moving from $1.9M to $38.3M. Total assets increased by 1857.8% over the same period, from $143K to $2.8M. Total functional expenses rose by 924.2%, from $1.8M to $18.9M. In its most recent filing year (2023), Lunder Foundation reported a surplus of $19.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.3M | $18.9M | $2.8M | $1 | — | — |
| 2022 | $42.0M | $21.1M | $99K | $1 | — | View 990 |
| 2021 | $28.2M | $14.1M | $115K | $1 | — | — |
| 2020 | $28.6M | $13.9M | $204K | $1 | — | View 990 |
| 2019 | $32.6M | $15.6M | $209K | $1 | — | View 990 |
| 2015 | $3.7M | $3.8M | $104K | $1 | — | View 990 |
| 2014 | $12.1M | $1.9M | $210K | $1 | — | View 990 |
| 2013 | $1.8M | $1.9M | $108K | $1 | — | View 990 |
| 2012 | $1.9M | $1.9M | $157K | $1 | — | View 990 |
| 2011 | $1.9M | $1.8M | $143K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.3M, expenses of $18.9M, and assets of $2.8M (revenue -8.8% year-over-year).
- 2022: Revenue of $42.0M, expenses of $21.1M, and assets of $99K (revenue +49.1% year-over-year).
- 2021: Revenue of $28.2M, expenses of $14.1M, and assets of $115K (revenue -1.6% year-over-year).
- 2020: Revenue of $28.6M, expenses of $13.9M, and assets of $204K (revenue -12.2% year-over-year).
- 2019: Revenue of $32.6M, expenses of $15.6M, and assets of $209K (revenue +790.1% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.8M, and assets of $104K (revenue -69.7% year-over-year).
- 2014: Revenue of $12.1M, expenses of $1.9M, and assets of $210K (revenue +559.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $108K (revenue -3.7% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $157K (revenue +2.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $143K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lunder Foundation:
Data Sources and Methodology
This transparency report for Lunder 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.