The Nathan Lounsbury Foundation Inc
Nonprofit profile at a glance
- EIN
- 465189937
- IRS 990 coverage
- 2016–2017
- Forms available
- Form 990 2017
- Location
- Danbury, CT, USA
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $57,494
- Expenses
- $34,027
- Assets
- $64,013
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- WAYNE LOUNSBURY (PRESIDENT)
People named in this filing
- WAYNE LOUNSBURY (PRESIDENT)
- STEPHANIE LOUNSBURY (DIRECTOR)
- EDWARD KILLIAN (VICE PRESIDE)
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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
(a) to provide funds to further the prevention of sudden infant death syndrome (sids), help families affected by sids; to increase public and community awareness and education of the corporations mission; (b) to raise funds from all available public and private sources; and (c) to possess and exercise all of the powers and privileges granted by the Connecticut revised nonstock corporation act or by the certificate of incorporation of the corporation, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business or aims of the corporation, which shall in all cases be limited exclusively to charitable, educational and scientific purposes that may be pursued by an organization that is exempt from federal income tax under section 501 (c)(3) of the internal revenue code, or the corresponding section of any future federal tax code (the code). (d) the corporation as part of its charitable pu
What it reported doing in 2017
To fund and support research projects that hold promise for preventing sids: 1) research into a neurochemical abnormality in the brainstem that may be responsible for the failure of protective breathing, heart and arousal responses that are thought to be responsible for sids 2) working towards a means of identifying those infants who are at increased risk of sids, with the ultimate goal of developing a treatement that will protect them from sids.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 72
- Accountability: 64
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.6%; rating input score 59
- Program expense ratio: 99%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- 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: 40.8%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 1.88; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 39.8% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 179% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 44.9% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 58.6% of revenue deployed · 99% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $34K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2016 to 2017
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.