Lemonade Foundation
- Assets
- $20.5m
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 36-4962172
Organization Overview
Lemonade Foundation is located in Mesa, AZ. Lemonade Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Lemonade Foundation generated $500.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER EXPONENTIAL SOCIAL IMPACT TO THE WORLD, THROUGH THE USE OF ADVANCED TECHNOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE TAX YEAR, THE ORGANIZATION STARTED THE LEMONADE CRYPTO CLIMATE COALITION, A FIRST-OF-ITS-KIND BLOCKCHAIN BASED PARAMETRIC CROP PROTECTION FOR SUBSISTENCE FARMERS. THE LEMONADE CRYPTO CLIMATE COALITION WAS FORMED TO SOLVE THREE MAIN CHALLENGES: ACCURATELY QUANTIFYING WEATHER RISKS; AUTOMATING CLAIM ASSESSMENT; AND PROVIDING ADEQUATE FUNDING AND REINSURANCE. THE LEMONADE CRYPTO CLIMATE COALITION BRINGS TOGETHER INDUSTRY-LEADING PARTNERS WITH EXPERTISE IN VARIOUS FIELDS TO WORK TOGETHER ON SOLVING THESE CHALLENGES. AVALANCHE, CHAINLINK, AND DAOSTACK WILL CONTRIBUTE THEIR VAST KNOWLEDGE OF BLOCKCHAIN TECHNOLOGY WHILE LEMONADE, ETHERISC, HANNOVER RE, AND PULA WILL BUILD HIGHLY ACCURATE, FULLY AUTOMATED WEATHER INSURANCE MODELS. THE COALITION IS BEING CONSTITUTED AS A DECENTRALIZED AUTONOMOUS ORGANIZATION (DAO), DEDICATED TO BUILDING AND DISTRIBUTING INSURANCE AT-COST, BASED ON AN ECO-FRIENDLY, PROOF-OF-STAKE BLOCKCHAIN. FARMERS STARTED USING THIS NEW INSURANCE IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Schreiber President | OfficerTrustee | 1 | $0 |
Shai Wininger Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pula Product Development | 12/30/22 | $488,000 |
Etherisc Product Development | 12/30/22 | $372,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,320,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,080 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,840 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,382,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,926,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,426,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $110,440 |
| Other assets | $0 |
| Total assets | $20,463,073 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $20,463,073 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,463,073 |