Richard Lounsbery Foundation Inc
Richard Lounsbery Foundation maintains strong asset base with zero executive compensation, despite recent operational deficits.
EIN: 136786430 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $2.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $41.6 |
| Net Assets | $41.7M |
| Transparency Score | 95/100 |
Is Richard Lounsbery Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard Lounsbery Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard Lounsbery Foundation Inc
Richard Lounsbery Foundation Inc (EIN: 136786430) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $9.4M and total assets of $42.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Lounsbery Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Lounsbery Foundation Inc is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-665,341 |
| Total Assets | $41.7M |
| Total Liabilities | $1 |
| Net Assets | $41.7M |
| Operating Margin | -34.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.6 months |
Financial Health Grade: B
In 2023, Richard Lounsbery Foundation Inc reported a deficit of $665K with expenses exceeding revenue, holds 193.6 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), Richard Lounsbery Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.3% | -6.8% | -1.6% |
| 2022 | -79.4% | -4.9% | -3.9% |
| 2021 | +55.1% | +28.4% | +5.1% |
| 2020 | -7.5% | -7.0% | +2.4% |
| 2019 | +52.9% | +1.8% | +14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Richard Lounsbery Foundation Inc with a Mission Score of 95 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, Richard Lounsbery 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $665K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Richard Lounsbery Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its asset size ($41.6 million in 2023) and suggests a volunteer-led or externally managed structure for its leadership.
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 Richard Lounsbery Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $665,341 in 2023, $1,731,783 in 2022) suggest reliance on asset drawdowns rather than sustainable operating revenue.
Strengths
The following positive indicators were identified for Richard Lounsbery Foundation Inc:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds and strong commitment to mission.
- Substantial and stable asset base, exceeding $41 million in 2023, providing long-term financial security.
- Minimal liabilities ($1 in recent years) demonstrating excellent financial management and low debt risk.
- Consistent annual expenditures of $2-3 million, suggesting predictable and sustained programmatic activity.
- Strong transparency in financial reporting with readily available IRS 990 filings.
Frequently Asked Questions about Richard Lounsbery Foundation Inc
Is Richard Lounsbery Foundation Inc a legitimate charity?
Richard Lounsbery Foundation Inc (EIN: 136786430) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.4M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Richard Lounsbery Foundation Inc spend its money?
Richard Lounsbery Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Richard Lounsbery Foundation Inc tax-deductible?
Richard Lounsbery Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136786430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Richard Lounsbery Foundation Inc CEO make?
Richard Lounsbery Foundation Inc's highest-compensated officer earns $41.6 annually. The organization reported $9.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Richard Lounsbery Foundation Inc located?
Richard Lounsbery Foundation Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 136786430.
How many years of IRS 990 filings does Richard Lounsbery Foundation Inc have?
Richard Lounsbery Foundation Inc 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 $9.4M in total revenue.
Is the Richard Lounsbery Foundation Inc. financially stable?
Yes, the foundation is financially stable, backed by a substantial asset base of over $41 million in 2023, despite occasional annual operating deficits like the $665,341 deficit in 2023.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is a strong positive for efficiency.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the long term, increasing from $35.6 million in 2011 to $41.6 million in 2023, demonstrating strong financial stewardship.
Does the foundation have significant liabilities?
No, the foundation consistently reports minimal liabilities, often just $1 in recent years, indicating a very low debt burden and strong financial health.
What is the foundation's spending efficiency?
The foundation demonstrates high spending efficiency, particularly due to its 0% officer compensation, meaning a greater proportion of its expenditures can be directed towards its mission.
Filing History
IRS 990 filing history for Richard Lounsbery Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard Lounsbery Foundation Inc's revenue has grown by 4.9%, moving from $1.8M to $1.9M. Total assets increased by 16.9% over the same period, from $35.7M to $41.7M. Total functional expenses rose by 26.6%, from $2.0M to $2.6M. In its most recent filing year (2023), Richard Lounsbery Foundation Inc reported a deficit of $665K, with expenses exceeding revenue. The organization holds $1 in liabilities against $41.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $41.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.6M | $41.7M | $1 | — | — |
| 2022 | $1.0M | $2.8M | $42.3M | $1 | — | View 990 |
| 2021 | $5.0M | $2.9M | $44.1M | $1 | — | View 990 |
| 2020 | $3.3M | $2.3M | $41.9M | $1 | — | View 990 |
| 2019 | $3.5M | $2.4M | $40.9M | $1 | — | — |
| 2015 | $2.3M | $2.4M | $35.9M | $0 | — | View 990 |
| 2014 | $2.6M | $2.2M | $36.0M | $0 | — | View 990 |
| 2013 | $2.5M | $2.1M | $35.6M | $0 | — | View 990 |
| 2012 | $1.6M | $2.1M | $35.2M | $0 | — | View 990 |
| 2011 | $1.8M | $2.0M | $35.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.6M, and assets of $41.7M (revenue +84.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $2.8M, and assets of $42.3M (revenue -79.4% year-over-year).
- 2021: Revenue of $5.0M, expenses of $2.9M, and assets of $44.1M (revenue +55.1% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.3M, and assets of $41.9M (revenue -7.5% year-over-year).
- 2019: Revenue of $3.5M, expenses of $2.4M, and assets of $40.9M (revenue +52.9% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.4M, and assets of $35.9M (revenue -12.1% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.2M, and assets of $36.0M (revenue +6.1% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.1M, and assets of $35.6M (revenue +50.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.1M, and assets of $35.2M (revenue -10.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.0M, and assets of $35.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Lounsbery Foundation Inc:
Data Sources and Methodology
This transparency report for Richard Lounsbery 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.