Millard Lions Foundation
Millard Lions Foundation reported minimal financial activity and no officer compensation in its last available 2012 filing.
EIN: 201268752 · Omaha, NE · NTEE: P19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $14K |
| Program Spending | 80% |
| Net Assets | $37K |
| Transparency Score | 60/100 |
Is Millard Lions Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Millard Lions Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Millard Lions Foundation
Millard Lions Foundation (EIN: 201268752) is a nonprofit organization based in Omaha, NE, classified under NTEE code P19. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millard Lions Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millard Lions Foundation is a micro nonprofit that has been operating for 22 years.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $14K |
| Surplus / Deficit | $-2 |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | -0.0% |
| Months of Reserves | 32.7 months |
Financial Health Grade: B
In 2012, Millard Lions Foundation reported a deficit of $2 with expenses exceeding revenue, holds 32.7 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Millard Lions Foundation with a Mission Score of 60 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, Millard Lions Foundation 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 (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reported 0% officer compensation in its 2012 filing, indicating that no funds were used for executive salaries, which is a positive for donor confidence.
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 Millard Lions Foundation's IRS 990 filings:
- Lack of recent financial filings (last filing from 2012)
- Reported 'Latest Revenue: $0' and 'Assets: $0' despite a 2012 filing showing activity, suggesting potential dormancy or cessation of operations.
Strengths
The following positive indicators were identified for Millard Lions Foundation:
- No officer compensation reported in 2012 filing, indicating funds were not used for executive salaries.
- Positive asset-to-liability ratio in 2012 ($37,021 assets vs. $0 liabilities).
Frequently Asked Questions about Millard Lions Foundation
Is Millard Lions Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Millard Lions Foundation (EIN: 201268752) some concerns. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
How does Millard Lions Foundation spend its money?
Millard Lions Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Millard Lions Foundation tax-deductible?
Millard Lions Foundation is registered as a tax-exempt nonprofit (EIN: 201268752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Millard Lions Foundation's spending goes to programs?
Millard Lions Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Millard Lions Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Millard Lions Foundation is above average for NTEE category P19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Millard Lions Foundation located?
Millard Lions Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 201268752. It is classified under NTEE code P19.
Is Millard Lions Foundation currently active?
The provided data shows 'Latest Revenue: $0' and 'Assets: $0', which, combined with the single 2012 filing, suggests the organization may no longer be actively operating or has significantly reduced its activities since 2012. More recent IRS filings would be needed to confirm its current status.
What were the specific expenses in 2012?
The provided data only states 'Expenses=$13,587' for 2012. A detailed breakdown of these expenses (e.g., program services, management and general, fundraising) is not available in the summary provided, making it difficult to assess spending efficiency accurately.
How does the organization fund its operations?
Based on the 2012 filing, the organization had revenue of $13,585. Without more detailed information on the source of this revenue (e.g., donations, grants, program service fees), it's unclear how it primarily funds its operations. The lack of recent revenue data makes it impossible to assess current funding sources.
Filing History
IRS 990 filing history for Millard Lions Foundation showing financial trends over 1 year of public records:
In its most recent filing year (2012), Millard Lions Foundation reported a deficit of $2, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $14K | $14K | $37K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millard Lions Foundation:
Data Sources and Methodology
This transparency report for Millard Lions 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.