Lydia And Doug Shorenstein Foundation Inc
Lydia And Doug Shorenstein Foundation consistently distributes more than its annual revenue, leading to a significant decline in assets.
EIN: 203131229 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is Lydia And Doug Shorenstein Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lydia And Doug Shorenstein Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lydia And Doug Shorenstein Foundation Inc
Lydia And Doug Shorenstein Foundation Inc (EIN: 203131229) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $2.2M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lydia And Doug Shorenstein Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lydia And Doug Shorenstein Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-846,828 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -73.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.1 months |
Financial Health Grade: B
In 2021, Lydia And Doug Shorenstein Foundation Inc reported a deficit of $847K with expenses exceeding revenue, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Lydia And Doug Shorenstein Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +497.2% | +43.9% | -21.9% |
| 2020 | -87.9% | -26.4% | -23.7% |
| 2019 | +86.4% | -11.8% | -27.9% |
| 2015 | -48.3% | +1.4% | -15.5% |
| 2014 | -59.4% | +59.9% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Lydia And Doug Shorenstein Foundation Inc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Lydia And Doug Shorenstein Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $847K, 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 executive salaries are paid, which is highly efficient for a grantmaking foundation.
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 Lydia And Doug Shorenstein Foundation Inc's IRS 990 filings:
- Consistent decline in assets over multiple years, from $8.7M in 2013 to $3.0M in 2021.
- Expenses frequently exceed revenue, such as $1,999,688 in expenses vs. $1,152,860 in revenue in 2021.
Strengths
The following positive indicators were identified for Lydia And Doug Shorenstein Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in executive costs.
- Consistently low liabilities ($0 or $1) across all reported periods.
- Active distribution of funds, often exceeding annual revenue, suggesting a commitment to grantmaking.
Frequently Asked Questions about Lydia And Doug Shorenstein Foundation Inc
Is Lydia And Doug Shorenstein Foundation Inc a legitimate charity?
Lydia And Doug Shorenstein Foundation Inc (EIN: 203131229) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lydia And Doug Shorenstein Foundation Inc spend its money?
Lydia And Doug Shorenstein Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lydia And Doug Shorenstein Foundation Inc tax-deductible?
Lydia And Doug Shorenstein Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203131229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lydia And Doug Shorenstein Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lydia And Doug Shorenstein Foundation Inc 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 Lydia And Doug Shorenstein Foundation Inc located?
Lydia And Doug Shorenstein Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203131229. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lydia And Doug Shorenstein Foundation Inc have?
Lydia And Doug Shorenstein Foundation Inc has 8 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 $2.2M in total revenue.
Is the Lydia And Doug Shorenstein Foundation Inc. a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its grantmaking impact. Financially, it demonstrates efficiency by not paying officer compensation and maintaining low liabilities. Its consistent distribution of funds, often exceeding revenue, suggests active grantmaking.
Why are the assets declining significantly?
The decline in assets, from $8,758,385 in 2013 to $3,012,349 in 2021, is primarily due to the foundation consistently spending more than its annual revenue, indicating a strategy of distributing its endowment or principal over time.
What is the primary function of this organization?
Based on its NTEE code T22 (Private Grantmaking Foundations) and financial patterns, its primary function is to make grants to other organizations or individuals, rather than directly operating programs.
Filing History
IRS 990 filing history for Lydia And Doug Shorenstein Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Lydia And Doug Shorenstein Foundation Inc's revenue has declined by 60.4%, moving from $2.9M to $1.2M. Total assets decreased by 49% over the same period, from $5.9M to $3.0M. Total functional expenses rose by 268.5%, from $543K to $2.0M. In its most recent filing year (2021), Lydia And Doug Shorenstein Foundation Inc reported a deficit of $847K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1.2M | $2.0M | $3.0M | $1 | — | View 990 |
| 2020 | $193K | $1.4M | $3.9M | $1 | — | — |
| 2019 | $1.6M | $1.9M | $5.1M | $1 | — | View 990 |
| 2015 | $855K | $2.1M | $7.0M | $1 | — | View 990 |
| 2014 | $1.7M | $2.1M | $8.3M | $1 | — | View 990 |
| 2013 | $4.1M | $1.3M | $8.8M | $1 | — | View 990 |
| 2012 | $795K | $692K | $6.0M | $0 | — | View 990 |
| 2011 | $2.9M | $543K | $5.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1.2M, expenses of $2.0M, and assets of $3.0M (revenue +497.2% year-over-year).
- 2020: Revenue of $193K, expenses of $1.4M, and assets of $3.9M (revenue -87.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $5.1M (revenue +86.4% year-over-year).
- 2015: Revenue of $855K, expenses of $2.1M, and assets of $7.0M (revenue -48.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $2.1M, and assets of $8.3M (revenue -59.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $1.3M, and assets of $8.8M (revenue +412.0% year-over-year).
- 2012: Revenue of $795K, expenses of $692K, and assets of $6.0M (revenue -72.7% year-over-year).
- 2011: Revenue of $2.9M, expenses of $543K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lydia And Doug Shorenstein Foundation Inc:
Data Sources and Methodology
This transparency report for Lydia And Doug Shorenstein Foundation Inc 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.