Wyn And Carol Laidig Foundation Inc
Wyn And Carol Laidig Foundation maintains substantial assets with zero reported officer compensation amidst fluctuating revenues.
EIN: 205966178 · Mishawaka, IN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $20.6M |
| Transparency Score | 90/100 |
Is Wyn And Carol Laidig Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wyn And Carol Laidig Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wyn And Carol Laidig Foundation Inc
Wyn And Carol Laidig Foundation Inc (EIN: 205966178) is a nonprofit organization based in Mishawaka, IN, classified under NTEE code T22. The organization reported total revenue of $2.6M and total assets of $22.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wyn And Carol Laidig Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wyn And Carol Laidig Foundation Inc 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 -10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-940,139 |
| Total Assets | $20.6M |
| Total Liabilities | $1 |
| Net Assets | $20.6M |
| Operating Margin | -651.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 227.7 months |
Financial Health Grade: B
In 2023, Wyn And Carol Laidig Foundation Inc reported a deficit of $940K with expenses exceeding revenue, holds 227.7 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), Wyn And Carol Laidig Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.6% | -10.7% | -4.4% |
| 2022 | -42.4% | +39.1% | +4.9% |
| 2020 | -140.3% | +17.2% | -11.7% |
| 2019 | +60.9% | +47.7% | +37.8% |
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 Wyn And Carol Laidig Foundation Inc with a Mission Score of 90 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, Wyn And Carol Laidig 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 $940K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated directly by the foundation, which is highly favorable for spending efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wyn And Carol Laidig Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including a negative revenue year in 2020 ($-936,936)
- Expenses exceeding revenue in the most recent filing period (202312: Revenue=$144,398, Expenses=$1,084,537) without clear explanation of the nature of these expenses (e.g., grantmaking vs. operational losses).
Strengths
The following positive indicators were identified for Wyn And Carol Laidig Foundation Inc:
- Consistent asset growth, from $6.8M in 2011 to $21.9M currently.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Extremely low liabilities, consistently reported as $1, demonstrating strong financial health and minimal debt.
- Long filing history (10 filings) indicating sustained operation and transparency.
Frequently Asked Questions about Wyn And Carol Laidig Foundation Inc
Is Wyn And Carol Laidig Foundation Inc a legitimate charity?
Wyn And Carol Laidig Foundation Inc (EIN: 205966178) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Wyn And Carol Laidig Foundation Inc spend its money?
Wyn And Carol Laidig Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Wyn And Carol Laidig Foundation Inc tax-deductible?
Wyn And Carol Laidig Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205966178). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Wyn And Carol Laidig Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Wyn And Carol Laidig Foundation Inc 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 Wyn And Carol Laidig Foundation Inc located?
Wyn And Carol Laidig Foundation Inc is headquartered in Mishawaka, Indiana and files with the IRS under EIN 205966178. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wyn And Carol Laidig Foundation Inc have?
Wyn And Carol Laidig 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 $2.6M in total revenue.
Is Wyn And Carol Laidig Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a good charity, primarily due to its strong asset base ($21,972,151), minimal liabilities ($1), and zero reported officer compensation, suggesting a high degree of financial stewardship and efficiency in leadership costs.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have generally been well below its revenue in most years, allowing for significant asset growth. However, in the latest period (202312), expenses ($1,084,537) significantly exceeded revenue ($144,398), which could indicate a large grant distribution or investment losses in that specific year.
What is the trend in the foundation's assets?
The foundation has shown consistent and substantial asset growth over the years, increasing from $6,872,589 in 2011 to $21,972,151 currently, indicating strong financial management and accumulation of resources.
Does the foundation have any debt?
The foundation consistently reports minimal liabilities, often $1, across its filing history, indicating virtually no debt and a very strong balance sheet.
Filing History
IRS 990 filing history for Wyn And Carol Laidig Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wyn And Carol Laidig Foundation Inc's revenue has declined by 73.7%, moving from $549K to $144K. Total assets increased by 199.4% over the same period, from $6.9M to $20.6M. Total functional expenses rose by 309.1%, from $265K to $1.1M. In its most recent filing year (2023), Wyn And Carol Laidig Foundation Inc reported a deficit of $940K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $144K | $1.1M | $20.6M | $1 | — | View 990 |
| 2022 | $2.3M | $1.2M | $21.5M | $1 | — | View 990 |
| 2021 | $3.9M | $873K | $20.5M | $1 | — | — |
| 2020 | $-936,936 | $1.2M | $17.5M | $1 | — | — |
| 2019 | $2.3M | $1.0M | $19.8M | $1 | — | View 990 |
| 2015 | $1.4M | $689K | $14.4M | $1 | — | View 990 |
| 2014 | $3.7M | $560K | $13.6M | $1 | — | View 990 |
| 2013 | $2.3M | $287K | $10.5M | $1 | — | View 990 |
| 2012 | $2.0M | $329K | $8.5M | $0 | — | View 990 |
| 2011 | $549K | $265K | $6.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144K, expenses of $1.1M, and assets of $20.6M (revenue -93.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.2M, and assets of $21.5M (revenue -42.4% year-over-year).
- 2021: Revenue of $3.9M, expenses of $873K, and assets of $20.5M.
- 2020: Revenue of $-936,936, expenses of $1.2M, and assets of $17.5M (revenue -140.3% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.0M, and assets of $19.8M (revenue +60.9% year-over-year).
- 2015: Revenue of $1.4M, expenses of $689K, and assets of $14.4M (revenue -60.7% year-over-year).
- 2014: Revenue of $3.7M, expenses of $560K, and assets of $13.6M (revenue +62.8% year-over-year).
- 2013: Revenue of $2.3M, expenses of $287K, and assets of $10.5M (revenue +14.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $329K, and assets of $8.5M (revenue +258.6% year-over-year).
- 2011: Revenue of $549K, expenses of $265K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wyn And Carol Laidig Foundation Inc:
Data Sources and Methodology
This transparency report for Wyn And Carol Laidig 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.