The@Lois Chiles Foundation
Lois Chiles Foundation experiences significant financial volatility, with a large deficit in 2023 despite zero officer compensation.
EIN: 201673659 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.0M |
| Program Spending | 75% |
| Net Assets | $2.9M |
| Transparency Score | 70/100 |
Is The@Lois Chiles Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The@Lois Chiles Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The@Lois Chiles Foundation
The@Lois Chiles Foundation (EIN: 201673659) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $3.5M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Lois Chiles Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The@Lois Chiles Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,778,034 |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | -718.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 16.9 months |
Financial Health Grade: B
In 2023, The@Lois Chiles Foundation reported a deficit of $1.8M with expenses exceeding revenue, holds 16.9 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@Lois Chiles Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.3% | +355.8% | -38.3% |
| 2022 | +83.5% | -37.3% | +41.8% |
| 2021 | -16.6% | +15.7% | +9.4% |
| 2020 | -20.5% | +18.9% | +23.7% |
| 2019 | +943.5% | +166.0% | +137.2% |
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 The@Lois Chiles Foundation with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, The@Lois Chiles Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor perception and suggests a volunteer-led executive structure.
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@Lois Chiles Foundation's IRS 990 filings:
- Significant operational deficit in 2023 ($2,025,647 expenses vs. $247,613 revenue).
- High revenue volatility year-over-year (e.g., $1.8M in 2022 to $0.2M in 2023).
- Expenses in 2023 were over 8 times the revenue for that period.
Strengths
The following positive indicators were identified for The@Lois Chiles Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Healthy asset growth over time, from $60,873 in 2011 to $2,860,969 in 2023.
- Minimal liabilities reported ($1 in recent years), indicating a strong balance sheet.
Frequently Asked Questions about The@Lois Chiles Foundation
Is The@Lois Chiles Foundation a legitimate charity?
The@Lois Chiles Foundation (EIN: 201673659) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The@Lois Chiles Foundation spend its money?
The@Lois Chiles Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The@Lois Chiles Foundation tax-deductible?
The@Lois Chiles Foundation is registered as a tax-exempt nonprofit (EIN: 201673659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The@Lois Chiles Foundation's spending goes to programs?
The@Lois Chiles Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The@Lois Chiles Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), The@Lois Chiles Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The@Lois Chiles Foundation located?
The@Lois Chiles Foundation is headquartered in New York, New York and files with the IRS under EIN 201673659. It is classified under NTEE code T22.
How many years of IRS 990 filings does The@Lois Chiles Foundation have?
The@Lois Chiles 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 $3.5M in total revenue.
What caused the significant increase in expenses to $2,025,647 in 2023, especially when revenue was only $247,613?
The provided data does not specify the nature of these expenses, but such a large discrepancy suggests either a major one-time project, a significant investment, or an operational challenge that led to a substantial deficit for the year.
How does The Lois Chiles Foundation sustain its operations with such volatile revenue streams, particularly after a year with a large deficit?
The foundation likely relies on its accumulated assets, which stood at $2,860,969 in 2023, to cover operational shortfalls during periods of low revenue or high expenses. This suggests a reliance on reserves rather than consistent annual operating income.
What are the specific program activities that The Lois Chiles Foundation funds, given its NTEE code T22 (Philanthropy, Voluntarism & Grantmaking Foundations)?
The NTEE code indicates it's a grantmaking foundation, meaning it likely provides financial support to other organizations or individuals. Without further details, the specific beneficiaries or causes are unknown.
Filing History
IRS 990 filing history for The@Lois Chiles Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The@Lois Chiles Foundation's revenue has grown by 352.9%, moving from $55K to $248K. Total assets increased by 4599.9% over the same period, from $61K to $2.9M. Total functional expenses rose by 2293.5%, from $85K to $2.0M. In its most recent filing year (2023), The@Lois Chiles Foundation reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $2.0M | $2.9M | $1 | — | View 990 |
| 2022 | $1.8M | $444K | $4.6M | $1 | — | View 990 |
| 2021 | $988K | $708K | $3.3M | $1 | — | View 990 |
| 2020 | $1.2M | $612K | $3.0M | $1 | — | View 990 |
| 2019 | $1.5M | $515K | $2.4M | $0 | — | View 990 |
| 2015 | $143K | $194K | $1.0M | $0 | — | View 990 |
| 2014 | $2K | $170K | $1.1M | $0 | — | View 990 |
| 2013 | $1.4M | $308K | $1.2M | $0 | — | View 990 |
| 2012 | $99K | $61K | $98K | $0 | — | View 990 |
| 2011 | $55K | $85K | $61K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $2.0M, and assets of $2.9M (revenue -86.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $444K, and assets of $4.6M (revenue +83.5% year-over-year).
- 2021: Revenue of $988K, expenses of $708K, and assets of $3.3M (revenue -16.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $612K, and assets of $3.0M (revenue -20.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $515K, and assets of $2.4M (revenue +943.5% year-over-year).
- 2015: Revenue of $143K, expenses of $194K, and assets of $1.0M (revenue +7026.9% year-over-year).
- 2014: Revenue of $2K, expenses of $170K, and assets of $1.1M (revenue -99.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $308K, and assets of $1.2M (revenue +1364.5% year-over-year).
- 2012: Revenue of $99K, expenses of $61K, and assets of $98K (revenue +80.9% year-over-year).
- 2011: Revenue of $55K, expenses of $85K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The@Lois Chiles Foundation:
Data Sources and Methodology
This transparency report for The@Lois Chiles 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.