The Lee And Mary Volkmer Family Foundation
The Lee And Mary Volkmer Family Foundation shows strong asset growth and zero executive compensation, indicating high program focus.
EIN: 203937168 · Lincoln, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $421K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.2M |
| Transparency Score | 95/100 |
Is The Lee And Mary Volkmer Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Lee And Mary Volkmer Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lee And Mary Volkmer Family Foundation
The Lee And Mary Volkmer Family Foundation (EIN: 203937168) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T20. The organization reported total revenue of $2.0M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lee And Mary Volkmer Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lee And Mary Volkmer Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 50.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $815K |
| Total Expenses | $421K |
| Surplus / Deficit | +$394K |
| Total Assets | $7.2M |
| Total Liabilities | $1 |
| Net Assets | $7.2M |
| Operating Margin | 48.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 204.0 months |
Financial Health Grade: A
In 2023, The Lee And Mary Volkmer Family Foundation reported a surplus of $394K with revenue exceeding expenses, holds 204.0 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 Lee And Mary Volkmer Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 50.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.5% | +14.0% | +5.8% |
| 2022 | +236.4% | +11.9% | +102.2% |
| 2021 | +16.3% | +42.1% | +31.2% |
| 2020 | +31.6% | +15.2% | +40.6% |
| 2019 | +388.6% | +82.4% | +141.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lee And Mary Volkmer Family Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Lee And Mary Volkmer Family Foundation 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 $394K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization of its size with assets exceeding $7 million. This indicates that no salaries are paid to officers, maximizing funds available for the foundation's mission.
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 The Lee And Mary Volkmer Family Foundation:
- Strong asset growth, increasing from $1.8M in 2019 to $7.1M in 2023, indicating robust financial health.
- Consistently reported 0% officer compensation, demonstrating a high commitment to program spending and efficiency.
- Extremely low liabilities ($1 across all filings), reflecting excellent financial management and stability.
- Consistent IRS 990 filing history over a decade, indicating good transparency and compliance.
- Significant revenue generation, with a peak of $3,788,410 in 2022, supporting its mission.
Frequently Asked Questions about The Lee And Mary Volkmer Family Foundation
Is The Lee And Mary Volkmer Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Lee And Mary Volkmer Family Foundation (EIN: 203937168) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does The Lee And Mary Volkmer Family Foundation spend its money?
The Lee And Mary Volkmer Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Lee And Mary Volkmer Family Foundation tax-deductible?
The Lee And Mary Volkmer Family Foundation is registered as a tax-exempt nonprofit (EIN: 203937168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Lee And Mary Volkmer Family Foundation CEO make?
The Lee And Mary Volkmer Family Foundation's highest-compensated officer earns $7 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Lee And Mary Volkmer Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Lee And Mary Volkmer Family Foundation 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 Lee And Mary Volkmer Family Foundation located?
The Lee And Mary Volkmer Family Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 203937168. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Lee And Mary Volkmer Family Foundation have?
The Lee And Mary Volkmer Family Foundation 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 $2.0M in total revenue.
Is The Lee And Mary Volkmer Family Foundation a good charity?
Based on the provided data, The Lee And Mary Volkmer Family Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets (from $1.8M in 2019 to $7.1M in 2023), extremely low liabilities ($1), and a remarkable 0% officer compensation, suggesting a high dedication of funds to its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets have grown substantially from $694,193 in 2011 to $7,156,455 in 2023. Revenue has also seen considerable growth, albeit with fluctuations, reaching a peak of $3,788,410 in 2022.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly commendable, reporting 0% officer compensation in all available filings. This means no salaries are paid to officers, ensuring that all funds are directed towards the foundation's charitable activities.
Filing History
IRS 990 filing history for The Lee And Mary Volkmer Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Lee And Mary Volkmer Family Foundation's revenue has grown by 13690.1%, moving from $6K to $815K. Total assets increased by 930.9% over the same period, from $694K to $7.2M. Total functional expenses rose by 1029.4%, from $37K to $421K. In its most recent filing year (2023), The Lee And Mary Volkmer Family Foundation reported a surplus of $394K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $815K | $421K | $7.2M | $1 | — | — |
| 2022 | $3.8M | $369K | $6.8M | $1 | — | View 990 |
| 2021 | $1.1M | $330K | $3.3M | $1 | — | — |
| 2020 | $968K | $232K | $2.5M | $1 | — | — |
| 2019 | $736K | $202K | $1.8M | $1 | — | View 990 |
| 2015 | $151K | $111K | $750K | $1 | — | View 990 |
| 2014 | $101K | $62K | $710K | $1 | — | View 990 |
| 2013 | $39K | $42K | $671K | $1 | — | View 990 |
| 2012 | $19K | $40K | $673K | $1 | — | View 990 |
| 2011 | $6K | $37K | $694K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $815K, expenses of $421K, and assets of $7.2M (revenue -78.5% year-over-year).
- 2022: Revenue of $3.8M, expenses of $369K, and assets of $6.8M (revenue +236.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $330K, and assets of $3.3M (revenue +16.3% year-over-year).
- 2020: Revenue of $968K, expenses of $232K, and assets of $2.5M (revenue +31.6% year-over-year).
- 2019: Revenue of $736K, expenses of $202K, and assets of $1.8M (revenue +388.6% year-over-year).
- 2015: Revenue of $151K, expenses of $111K, and assets of $750K (revenue +49.6% year-over-year).
- 2014: Revenue of $101K, expenses of $62K, and assets of $710K (revenue +156.3% year-over-year).
- 2013: Revenue of $39K, expenses of $42K, and assets of $671K (revenue +103.7% year-over-year).
- 2012: Revenue of $19K, expenses of $40K, and assets of $673K (revenue +226.4% year-over-year).
- 2011: Revenue of $6K, expenses of $37K, and assets of $694K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lee And Mary Volkmer Family Foundation:
Data Sources and Methodology
This transparency report for The Lee And Mary Volkmer Family 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.