Springer-lu Family Foundation
Only null% goes to programs Strong reserves Declining revenue
Springer-lu Family Foundation is a 501(c)(3) organization based in Chestnut Hill, Massachusetts, registered in 2021, with $584,081 in FY2023 revenue. CharityIndex grades it D.
36 Woodman Rd, Chestnut Hill, MA, 02467 EIN 85-6466998 Since 2021
Revenue (FY2023)
$584K
▲ 162.6% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$740K
Net assets
$14.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Springer-lu Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating229 mo reserves · -27% 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 Springer-lu Family Foundation: 229 mo reserves · -27% margin earns a D 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 Springer-lu Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Springer-lu Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 36 Woodman Rd, Chestnut Hill, MA, 02467
- City
- Chestnut Hill
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $8.9M (FY2020) to $584K (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $14.1M
Operating margin
-26.6%
Spent more than it raised in the latest fiscal year.
Total assets
$14.1M
Total liabilities
$0
Net assets
$14.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $584,081▲163% | $739,659▲92.2% | $14,114,629▼1.1% | $14,114,629▼1.1% | 990PF |
| 2022 | -$932,703▼113% | $384,890▼24.0% | $14,270,207▼8.5% | $14,270,207▼8.5% | 990PF |
| 2021 | $7,208,239▼18.9% | $506,359▲84293% | $15,587,800▲75.4% | $15,587,800▲75.4% | 990PF |
| 2020 | $8,886,520 | $600 | $8,885,920 | $8,885,920 | 990PF |
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.
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Frequently asked questions
- Is Springer-lu Family Foundation a legitimate nonprofit?
- Yes. Springer-lu Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-6466998, based in Chestnut Hill, Massachusetts. Donations are tax-deductible.
- What is Springer-lu Family Foundation's EIN?
- Springer-lu Family Foundation's Employer Identification Number (EIN) is 85-6466998.
- How much revenue does Springer-lu Family Foundation report?
- Springer-lu Family Foundation reported $584,081 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Springer-lu Family Foundation have?
- CharityIndex grades Springer-lu Family Foundation D, based on financial health (reserves and operating margin).
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Data for Springer-lu Family Foundation (EIN 85-6466998) 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.