Michael H Ludwig Memorial Foundation
Only null% goes to programs Strong reserves Declining revenue
Michael H Ludwig Memorial Foundation is a 501(c)(3) organization based in Mamaroneck, New York, registered in 2008, with $605 in FY2021 revenue. CharityIndex grades it F.
1 Wellhouse Close, Mamaroneck, NY, 10543 EIN 26-1515562 Since 2008
Revenue (FY2021)
$605
▲ 77.9% vs prior year
Philanthropy median: $168K
Expenses (FY2021)
$15K
Net assets
$363K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael H Ludwig Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating290 mo reserves · -2379% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael H Ludwig Memorial Foundation: 290 mo reserves · -2379% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael H Ludwig Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael H Ludwig Memorial Foundation: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1 Wellhouse Close, Mamaroneck, NY, 10543
- City
- Mamaroneck
- State
- New York
- Subcategory
- Public Foundations
Financial trends
Revenue declined from $27K (FY2010) to $605 (FY2021) across 12 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $0Net assets $363K
Operating margin
-2379.3%
Spent more than it raised in the latest fiscal year.
Total assets
$363K
Total liabilities
$0
Net assets
$363K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $605▲77.9% | $15,000▼25.0% | $362,523▼3.8% | $362,523▼3.8% | 990EZ |
| 2020 | $340▼76.6% | $20,000▲73.9% | $376,918▼5.0% | $376,918▼5.0% | 990EZ |
| 2019 | $1,453▲7.5% | $11,500▼0.5% | $396,578▼2.5% | $396,578▼2.5% | 990EZ |
| 2018 | $1,352▼89.6% | $11,560▲0.5% | $406,625▼2.4% | $406,625▼2.4% | 990EZ |
| 2017 | $12,963▲20.3% | $11,500▼54.0% | $416,833▲0.4% | $416,833▲0.4% | 990EZ |
| 2016 | $10,779▲6.1% | $25,000▲24.8% | $415,370▼3.3% | $415,370▼3.3% | 990EZ |
| 2015 | $10,157▼38.3% | $20,037▲100% | $429,591▼2.2% | $429,591▼2.2% | 990EZ |
| 2014 | $16,460▲79.7% | $10,003▲98.7% | $439,471▲1.5% | $439,471▲0.3% | 990EZ |
| 2013 | $9,160▼82.6% | $5,033▼90.5% | $433,014▲1.0% | $438,014▲2.1% | 990EZ |
| 2012 | $52,509▲38.7% | $52,855▲83.8% | $428,887▼0.1% | $428,887▼0.1% | 990EZ |
| 2011 | $37,853▲41.1% | $28,754▲61079% | $429,233▲2.2% | $429,233▲2.2% | 990EZ |
| 2010 | $26,824 | $47 | $420,134 | $420,134 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5,469 total
1 grant to Michael H Ludwig Memorial Foundation totaling $5,469, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2014 | $5,469 |
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Frequently asked questions
- Is Michael H Ludwig Memorial Foundation a legitimate nonprofit?
- Yes. Michael H Ludwig Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-1515562, based in Mamaroneck, New York. Donations are tax-deductible.
- What is Michael H Ludwig Memorial Foundation's EIN?
- Michael H Ludwig Memorial Foundation's Employer Identification Number (EIN) is 26-1515562.
- How much revenue does Michael H Ludwig Memorial Foundation report?
- Michael H Ludwig Memorial Foundation reported $605 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- What financial grade does Michael H Ludwig Memorial Foundation have?
- CharityIndex grades Michael H Ludwig Memorial Foundation F, based on financial health (reserves and operating margin).
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Data for Michael H Ludwig Memorial Foundation (EIN 26-1515562) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.