General & Mrs Curtis E Lemay Foundation
- Assets
- $11.0m
- Revenue
- $656.9k
- Investments
- $10.2m
- Employees
- 2
- Location
- Riverside, CA
- Founding
- 01/1989
- Data as of
- 04/2023
- EIN
- 33-0277610
Organization Overview
General & Mrs Curtis E Lemay Foundation is located in Riverside, CA. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 04/2023, General & Mrs Curtis E Lemay Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General & Mrs Curtis E Lemay Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, General & Mrs Curtis E Lemay Foundation generated $656.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $692.9k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT FOR INDIGENT WIDOWS AND/OR WIDOWERS OF ACTIVE DUTY AND RETIRED AIR FORCE OFFICERS AS WELL AS ENLISTED PERSONNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles L Lodge Chairman | 0.5 | $0 | |
Smsgt Arthur Boone Jr Usaf Ret Secretary/treasurer | 0.5 | $0 | |
Karen Dennis Director | 0.5 | $0 | |
1st Sgt Frank Decuire Director | 0.5 | $0 | |
Brig Gen James L Melin Director | 0.5 | $0 | |
David Telled Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $405,698 |
| Interest on Savings | $447 |
| Dividends & Interest | $283,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,602 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $656,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $175,833 |
| Pension plans, employee benefits | $37,876 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,543 |
| Occupancy | $39,714 |
| Travel, conferences, and meetings | $10,267 |
| Printing and publications | $2,983 |
| Other expenses | $26,658 |
| Total operating and administrative expenses | $331,292 |
| Contributions, gifts, grants paid | $361,594 |
| Total expenses and disbursements | $692,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,782 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,560,444 |
| Investments—other | $119,581 |
| Net Land, buildings, and equipment | $5,939 |
| Other assets | $154,688 |
| Total assets | $10,986,828 |
| Accounts payable and accrued expenses | $29,784 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $85,951 |
| Total liabilities | $115,735 |