The Lawrence And Lillian Solomon Foundation Inc
The Lawrence And Lillian Solomon Foundation consistently disburses grants while managing a fluctuating endowment and zero executive compensation.
EIN: 202631943 · Wellesley, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.1M |
| Transparency Score | 85/100 |
Is The Lawrence And Lillian Solomon Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Lawrence And Lillian Solomon Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lawrence And Lillian Solomon Foundation Inc
The Lawrence And Lillian Solomon Foundation Inc (EIN: 202631943) is a nonprofit organization based in Wellesley, MA, classified under NTEE code T20. The organization reported total revenue of $2.9M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lawrence And Lillian Solomon Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lawrence And Lillian Solomon Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $671K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-396,981 |
| Total Assets | $7.1M |
| Total Liabilities | $1 |
| Net Assets | $7.1M |
| Operating Margin | -59.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 79.8 months |
Financial Health Grade: B
In 2023, The Lawrence And Lillian Solomon Foundation Inc reported a deficit of $397K with expenses exceeding revenue, holds 79.8 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), The Lawrence And Lillian Solomon Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.1% | +5.5% | -5.3% |
| 2022 | +102.2% | -27.3% | +5.9% |
| 2021 | -41.6% | +8.3% | -7.7% |
| 2020 | +83.1% | +15.7% | -11.8% |
| 2019 | -45.6% | +12.7% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Lawrence And Lillian Solomon 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, The Lawrence And Lillian Solomon 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 $397K, with expenses exceeding revenue.
- 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 leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of its size with assets over $7 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.
Red Flags
The following concerns were identified during AI analysis of The Lawrence And Lillian Solomon Foundation Inc's IRS 990 filings:
- Consistent operational deficits in several years (e.g., 2023 expenses $1,067,648 vs. revenue $670,667), indicating reliance on endowment drawdowns.
- Significant decrease in assets over the past decade, from $11.3M in 2011 to $7.0M in 2023, suggesting a potential long-term sustainability concern if not managed strategically.
Strengths
The following positive indicators were identified for The Lawrence And Lillian Solomon Foundation Inc:
- Zero officer compensation reported across all filings, demonstrating high efficiency in executive pay.
- Consistent IRS 990 filing history (10 filings), indicating strong transparency and compliance.
- Substantial asset base (over $7 million in 2023) provides a strong foundation for grantmaking activities.
- Low liabilities reported across all years, indicating sound financial management and minimal debt.
Frequently Asked Questions about The Lawrence And Lillian Solomon Foundation Inc
Is The Lawrence And Lillian Solomon Foundation Inc a legitimate charity?
The Lawrence And Lillian Solomon Foundation Inc (EIN: 202631943) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Lawrence And Lillian Solomon Foundation Inc spend its money?
The Lawrence And Lillian Solomon Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Lawrence And Lillian Solomon Foundation Inc tax-deductible?
The Lawrence And Lillian Solomon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202631943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Lawrence And Lillian Solomon Foundation Inc CEO make?
The Lawrence And Lillian Solomon Foundation Inc's highest-compensated officer earns $7 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Lawrence And Lillian Solomon Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Lawrence And Lillian Solomon Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Lawrence And Lillian Solomon Foundation Inc located?
The Lawrence And Lillian Solomon Foundation Inc is headquartered in Wellesley, Massachusetts and files with the IRS under EIN 202631943. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Lawrence And Lillian Solomon Foundation Inc have?
The Lawrence And Lillian Solomon 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 $2.9M in total revenue.
Is The Lawrence And Lillian Solomon Foundation Inc a good charity?
Based on the available data, the foundation appears to be a well-managed private grantmaking foundation. It consistently files its IRS 990s, maintains substantial assets, and reports zero officer compensation, which are all positive indicators for a grantmaking entity.
What is the primary purpose of this organization?
As a private grantmaking foundation (NTEE Code T20), its primary purpose is to provide grants to other organizations or individuals to support charitable activities, rather than directly operating programs itself.
How has the foundation's asset base changed over time?
The foundation's assets have generally decreased over the past decade, from $11,379,144 in 2011 to $7,097,554 in 2023, indicating that it has been distributing more than its investment returns in some periods, or experiencing investment losses.
Does the foundation rely on public donations?
As a private foundation, it typically relies on its endowment and investment income rather than public donations. The revenue figures, while fluctuating, likely represent investment returns and contributions from founding family or related entities, not broad public fundraising.
Filing History
IRS 990 filing history for The Lawrence And Lillian Solomon Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Lawrence And Lillian Solomon Foundation Inc's revenue has declined by 19.5%, moving from $833K to $671K. Total assets decreased by 37.6% over the same period, from $11.4M to $7.1M. Total functional expenses fell by 77%, from $4.6M to $1.1M. In its most recent filing year (2023), The Lawrence And Lillian Solomon Foundation Inc reported a deficit of $397K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $671K | $1.1M | $7.1M | $1 | — | — |
| 2022 | $1.4M | $1.0M | $7.5M | $1 | — | View 990 |
| 2021 | $707K | $1.4M | $7.1M | $1 | — | View 990 |
| 2020 | $1.2M | $1.3M | $7.7M | $1 | — | — |
| 2019 | $661K | $1.1M | $8.7M | $7K | — | View 990 |
| 2015 | $1.2M | $986K | $8.3M | $10K | — | View 990 |
| 2014 | $92K | $890K | $8.1M | $0 | — | View 990 |
| 2013 | $181K | $1.1M | $8.8M | $0 | — | View 990 |
| 2012 | $-334,953 | $1.4M | $9.7M | $0 | — | View 990 |
| 2011 | $833K | $4.6M | $11.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $671K, expenses of $1.1M, and assets of $7.1M (revenue -53.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.0M, and assets of $7.5M (revenue +102.2% year-over-year).
- 2021: Revenue of $707K, expenses of $1.4M, and assets of $7.1M (revenue -41.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $7.7M (revenue +83.1% year-over-year).
- 2019: Revenue of $661K, expenses of $1.1M, and assets of $8.7M (revenue -45.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $986K, and assets of $8.3M (revenue +1217.5% year-over-year).
- 2014: Revenue of $92K, expenses of $890K, and assets of $8.1M (revenue -49.1% year-over-year).
- 2013: Revenue of $181K, expenses of $1.1M, and assets of $8.8M.
- 2012: Revenue of $-334,953, expenses of $1.4M, and assets of $9.7M (revenue -140.2% year-over-year).
- 2011: Revenue of $833K, expenses of $4.6M, and assets of $11.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lawrence And Lillian Solomon Foundation Inc:
Data Sources and Methodology
This transparency report for The Lawrence And Lillian Solomon 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.