Lura Lee G And William E Langefoundation
Lura Lee G And William E Langefoundation maintains substantial assets with zero officer compensation, despite fluctuating revenues.
EIN: 208002817 · Maryville, TN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $817K |
| Program Spending | 85% |
| Net Assets | $17.0M |
| Transparency Score | 85/100 |
Is Lura Lee G And William E Langefoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lura Lee G And William E Langefoundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lura Lee G And William E Langefoundation
Lura Lee G And William E Langefoundation (EIN: 208002817) is a nonprofit organization based in Maryville, TN, classified under NTEE code T22. The organization reported total revenue of $3.5M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lura Lee G And William E Langefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lura Lee G And William E Langefoundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $817K |
| Surplus / Deficit | $-468,420 |
| Total Assets | $17.0M |
| Total Liabilities | $1 |
| Net Assets | $17.0M |
| Operating Margin | -134.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 249.4 months |
Financial Health Grade: B
In 2023, Lura Lee G And William E Langefoundation reported a deficit of $468K with expenses exceeding revenue, holds 249.4 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), Lura Lee G And William E Langefoundation's revenue has grown at a compound annual growth rate (CAGR) of 22.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.4% | +10.8% | +8.1% |
| 2022 | -19.7% | -10.0% | -8.3% |
| 2020 | -267.0% | -6.0% | -27.6% |
| 2019 | +62.0% | -15.9% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Lura Lee G And William E Langefoundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lura Lee G And William E Langefoundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $468K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a highly efficient use of funds at the executive level, with resources likely directed entirely towards the foundation's charitable activities and operational costs.
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 Lura Lee G And William E Langefoundation's IRS 990 filings:
- Significant revenue volatility, including a negative revenue figure of $-5,050,529 in 2020, warrants further investigation into its financial management and investment strategies.
- Lack of detailed functional expense breakdown in the provided data makes it difficult to precisely assess program, administrative, and fundraising spending ratios.
Strengths
The following positive indicators were identified for Lura Lee G And William E Langefoundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Strong asset base, with current assets of $17,782,552, providing financial stability.
- Minimal liabilities, consistently reported as $1, demonstrating sound financial health.
- Long filing history (10 filings), indicating sustained operation and compliance.
Frequently Asked Questions about Lura Lee G And William E Langefoundation
Is Lura Lee G And William E Langefoundation a legitimate charity?
Lura Lee G And William E Langefoundation (EIN: 208002817) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lura Lee G And William E Langefoundation spend its money?
Lura Lee G And William E Langefoundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lura Lee G And William E Langefoundation tax-deductible?
Lura Lee G And William E Langefoundation is registered as a tax-exempt nonprofit (EIN: 208002817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lura Lee G And William E Langefoundation's spending goes to programs?
Lura Lee G And William E Langefoundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lura Lee G And William E Langefoundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lura Lee G And William E Langefoundation 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 Lura Lee G And William E Langefoundation located?
Lura Lee G And William E Langefoundation is headquartered in Maryville, Tennessee and files with the IRS under EIN 208002817. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lura Lee G And William E Langefoundation have?
Lura Lee G And William E Langefoundation 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 $3.5M in total revenue.
Is Lura Lee G And William E Langefoundation a good charity?
Based on the available data, the foundation appears to be a good charity. It maintains substantial assets ($17,782,552), consistently reports zero officer compensation, and has minimal liabilities ($1), suggesting strong financial management and a focus on its mission rather than executive pay.
What caused the negative revenue in 2020?
The negative revenue of $-5,050,529 in 2020 is unusual and could be attributed to significant investment losses, a large return of grants, or specific accounting adjustments related to non-cash contributions or asset revaluations. Without further detail from the full 990 filing, the exact cause cannot be determined.
How does the foundation ensure its mission is met without paid officers?
The absence of paid officers suggests that the foundation likely relies on volunteer leadership, a small number of paid staff not classified as officers, or outsourced administrative services to manage its operations and fulfill its mission. This model can be highly efficient if well-managed.
Filing History
IRS 990 filing history for Lura Lee G And William E Langefoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lura Lee G And William E Langefoundation's revenue has grown by 985.6%, moving from $32K to $349K. Total assets increased by 33.9% over the same period, from $12.7M to $17.0M. Total functional expenses fell by 7.3%, from $881K to $817K. In its most recent filing year (2023), Lura Lee G And William E Langefoundation reported a deficit of $468K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $817K | $17.0M | $1 | — | View 990 |
| 2022 | $1.2M | $738K | $15.7M | $1 | — | View 990 |
| 2021 | $1.5M | $820K | $17.1M | $1 | — | View 990 |
| 2020 | $-5,050,529 | $974K | $15.8M | $1 | — | View 990 |
| 2019 | $3.0M | $1.0M | $21.8M | $1 | — | View 990 |
| 2015 | $1.9M | $1.2M | $21.1M | $1 | — | View 990 |
| 2014 | $1.5M | $1.1M | $20.5M | $1 | — | View 990 |
| 2013 | $3.4M | $916K | $20.1M | $1 | — | View 990 |
| 2012 | $5.3M | $679K | $17.4M | $1 | — | View 990 |
| 2011 | $32K | $881K | $12.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $817K, and assets of $17.0M (revenue -70.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $738K, and assets of $15.7M (revenue -19.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $820K, and assets of $17.1M.
- 2020: Revenue of $-5,050,529, expenses of $974K, and assets of $15.8M (revenue -267.0% year-over-year).
- 2019: Revenue of $3.0M, expenses of $1.0M, and assets of $21.8M (revenue +62.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.2M, and assets of $21.1M (revenue +28.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.1M, and assets of $20.5M (revenue -57.9% year-over-year).
- 2013: Revenue of $3.4M, expenses of $916K, and assets of $20.1M (revenue -35.5% year-over-year).
- 2012: Revenue of $5.3M, expenses of $679K, and assets of $17.4M (revenue +16533.3% year-over-year).
- 2011: Revenue of $32K, expenses of $881K, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lura Lee G And William E Langefoundation:
Data Sources and Methodology
This transparency report for Lura Lee G And William E Langefoundation 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.