The Lindell Foundation Inc

Nonprofit profile at a glance

EIN
454226443
IRS 990 coverage
2015–2020
Forms available
Form 990 2020, Form 990-EZ 2014
Location
Chaska, MN, USA
Phone
9528268601
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Counseling, Support Groups

Reported finances

Revenue
$38,883
Expenses
$39,732
Assets
$18,441
Liabilities
$924

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • MICHAEL LINDELL (PRESIDENT)
  • LARRY ROSS (VICE PRESIDENT)
  • SARAH CRONIN (EXECUTIVE DIRECTOR)

People named in this filing

  • DOUG WARDLOW (RECORDING SECRETARY)
  • MICHAEL LINDELL (PRESIDENT)
  • JERRY JOHNSON (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively for charitable purposes, more specifically to assist persons who are homeless, poor, veterans, addicts, etc. The corporation shall at all times be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue service of 1986, as now enacted or hereafter amended (the "code"), and the corporation shall engage in such acts which may be necessary, incidental, or desirable in the accomplishment of the foregoing purposes all assets and funds of the corporation, whether income or principal assets of the corporation, and whether acquired by gift or contribution or otherwise, shall be devoted to said purposes.

What it reported doing in 2020

Work with organizations who share a similar mission and goals which is helping people who are homeless, poor, veterans, addicts etc. Lindell foundation supports the economically disadvantaged with its donations to detroit blight busters, a 501(c)3 that stabilizes, revitalizes, and rebuilds detroit neighborhoods.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.

The verdict

SUPPORTED - The filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 95
  • Accountability: 59
  • Sustainability: 40
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.7%; rating input score 67
  • Program expense ratio: 65.3%; rating input score 65
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 23rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2.2%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.46; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -22.8% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -3.5% per year; rating input score 0; 55th percentile among comparable filings
  • Asset growth: -10.5% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 66.7% of revenue deployed · 65.3% of spending went to programs
  • Governance: 4 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $26K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2015 to 2020
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.