Michael And Carol Lowenstein Foundation Inc
Michael And Carol Lowenstein Foundation Inc. maintains substantial assets and minimal liabilities with no reported officer compensation.
EIN: 205953051 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
Is Michael And Carol Lowenstein Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael And Carol Lowenstein Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael And Carol Lowenstein Foundation Inc
Michael And Carol Lowenstein Foundation Inc (EIN: 205953051) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $34.1M and total assets of $73.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael And Carol Lowenstein Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael And Carol Lowenstein Foundation Inc is a large nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$30K |
| Total Assets | $54.7M |
| Total Liabilities | $1 |
| Net Assets | $54.7M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 230.4 months |
Financial Health Grade: A
In 2023, Michael And Carol Lowenstein Foundation Inc reported a surplus of $30K with revenue exceeding expenses, holds 230.4 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), Michael And Carol Lowenstein Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | +7.4% | +1.8% |
| 2022 | -88.7% | +59.2% | -7.4% |
| 2021 | +280.3% | -15.3% | +60.0% |
| 2020 | +239.4% | +7.0% | +5.8% |
| 2019 | +81.4% | +33.2% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Michael And Carol Lowenstein Foundation Inc 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: 95%
- fundraising: 0%
According to IRS 990 filings, Michael And Carol Lowenstein Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's officers are either uncompensated or compensated through other means not reported as officer compensation on the 990, which is highly efficient for an organization with assets exceeding $73 million.
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.
Strengths
The following positive indicators were identified for Michael And Carol Lowenstein Foundation Inc:
- Strong financial health with $73,847,742 in assets and minimal liabilities.
- Consistent reporting of 0% officer compensation, indicating high efficiency in resource allocation.
- Significant asset growth over the past decade, demonstrating effective financial management.
- High program spending ratio, as expenses are a small fraction of revenue, allowing for endowment growth and future grantmaking.
- Good transparency with 10 years of available IRS 990 filings.
Frequently Asked Questions about Michael And Carol Lowenstein Foundation Inc
Is Michael And Carol Lowenstein Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael And Carol Lowenstein Foundation Inc (EIN: 205953051) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Michael And Carol Lowenstein Foundation Inc spend its money?
Michael And Carol Lowenstein Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael And Carol Lowenstein Foundation Inc tax-deductible?
Michael And Carol Lowenstein Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205953051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs or grants does the Michael And Carol Lowenstein Foundation Inc. support?
Based on the NTEE code T22 (Private Grantmaking Foundations) and the financial data, the foundation primarily operates by making grants to other organizations. The 990 filings would detail the specific recipients and purposes of these grants, which are not provided in the summary data.
How does the foundation manage its significant asset growth and revenue fluctuations?
The foundation's assets have grown from $20,743,451 in 2011 to $73,847,742 in the latest period, with revenue fluctuating significantly (e.g., $30,413 in 2012 vs. $26,889,891 in 2021). This suggests a sophisticated investment strategy and potentially large, infrequent contributions, typical for private foundations focused on endowment growth and long-term grantmaking.
Are there any related organizations or entities associated with the foundation?
The provided data does not contain information about related organizations. This information would typically be found in the full IRS 990 forms, specifically Schedule R.
Filing History
IRS 990 filing history for Michael And Carol Lowenstein Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael And Carol Lowenstein Foundation Inc's revenue has declined by 84.6%, moving from $18.7M to $2.9M. Total assets increased by 163.7% over the same period, from $20.7M to $54.7M. Total functional expenses rose by 704%, from $354K to $2.8M. In its most recent filing year (2023), Michael And Carol Lowenstein Foundation Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $1 in liabilities against $54.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $54.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.8M | $54.7M | $1 | — | View 990 |
| 2022 | $3.1M | $2.7M | $53.7M | $1 | — | View 990 |
| 2021 | $26.9M | $1.7M | $58.0M | $1 | — | View 990 |
| 2020 | $7.1M | $2.0M | $36.3M | $1 | — | View 990 |
| 2019 | $2.1M | $1.8M | $34.3M | $1 | — | — |
| 2015 | $1.1M | $1.4M | $34.6M | $0 | — | View 990 |
| 2014 | $1.8M | $1.9M | $34.5M | $0 | — | View 990 |
| 2013 | $5.2M | $619K | $32.5M | $0 | — | View 990 |
| 2012 | $30K | $572K | $20.2M | $0 | — | View 990 |
| 2011 | $18.7M | $354K | $20.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.8M, and assets of $54.7M (revenue -5.6% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.7M, and assets of $53.7M (revenue -88.7% year-over-year).
- 2021: Revenue of $26.9M, expenses of $1.7M, and assets of $58.0M (revenue +280.3% year-over-year).
- 2020: Revenue of $7.1M, expenses of $2.0M, and assets of $36.3M (revenue +239.4% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.8M, and assets of $34.3M (revenue +81.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.4M, and assets of $34.6M (revenue -36.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $34.5M (revenue -65.4% year-over-year).
- 2013: Revenue of $5.2M, expenses of $619K, and assets of $32.5M (revenue +17162.0% year-over-year).
- 2012: Revenue of $30K, expenses of $572K, and assets of $20.2M (revenue -99.8% year-over-year).
- 2011: Revenue of $18.7M, expenses of $354K, and assets of $20.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael And Carol Lowenstein Foundation Inc:
Data Sources and Methodology
This transparency report for Michael And Carol Lowenstein 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.