Frankie Lemmon Foundation Inc
- Assets
- $6.6m
- Revenue
- $3.0m
- Investments
- $77.8k
- Employees
- 8
- Location
- Raleigh, NC
- Founding
- 09/1987
- Data as of
- 06/2022
- EIN
- 56-1572087
Organization Overview
Frankie Lemmon Foundation Inc is located in Raleigh, NC. The organization was established in 1987. As of 06/2022, Frankie Lemmon Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankie Lemmon Foundation Inc 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 06/2022, Frankie Lemmon Foundation Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frankie Lemmon Foundation Inc has awarded 24 individual grants totaling $8,304,252. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING TO SUPPORT THE FRANKIE LEMMON SCHOOL & DEVELOPMENTAL CENTER OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH FUNDRAISING EVENTS AND ANNUAL CAMPAIGN CONTRIBUTIONS, THE FOUNDATION'S MISSION IS TO SUPPORT THE FRANKIE LEMMON SCHOOL & DEVELOPMENTAL CENTER. THE FRANKIE LEMMON SCHOOL & DEVELOPMENTAL CENTER PROVIDES EDUCATION FOR CHILDREN WITH DEVELOPMENTAL DISABILITIES AND DELAYS IN AN INCLUSIVE SETTING. THE SCHOOL HAS THE CAPACITY TO SERVE UP TO 100 CHILDREN. DURING THE CURRENT FISCAL YEAR, THE NUMBER OF CHILDREN ENROLLED REQUIRING ADDITIONAL ATTENTION DUE TO THEIR COMPLEX MEDICAL AND DEVELOPMENTAL ISSUES INCREASED RESULTING IN A REDUCTION IN THE TOTAL STUDENTS ADMITTED DURING THE FISCAL YEAR. ALTHOUGH THE MAJORITY OF CHILDREN SERVED HAVE SPECIAL NEEDS, THE SCHOOL DOES SERVE DEVELOPING CHILDREN AS WELL. SERVICES PROVIDED INCLUDE SPEECH AND LANGUAGE THERAPY, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, AND VISION AND HEARING SERVICES, WHICH ARE CUSTOMIZED FOR EACH CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Asplundh Board Member | Trustee | 0.5 | $0 |
Trey Bailey Board Member | Trustee | 0.5 | $0 |
Amy Britt Board Member | Trustee | 0.5 | $0 |
Angela Buchanan Board Member | Trustee | 0.5 | $0 |
Adam Derbyshire Board Member | Trustee | 0.5 | $0 |
Colleen Dimitry Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,287,688 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,237 |
| Noncash contributions included in lines 1a–1f | $128,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,980,925 |
| Total Program Service Revenue | $0 |
| Investment income | $125,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87,113 |
| Net Income from Fundraising Events | -$290,529 |
| Net Income from Gaming Activities | $119,638 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,023,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,255 |
| Compensation of current officers, directors, key employees. | $112,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,869 |
| Pension plan accruals and contributions | $4,353 |
| Other employee benefits | $35,108 |
| Payroll taxes | $35,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,157 |
| Fees for services: Other | $23,983 |
| Advertising and promotion | $0 |
| Office expenses | $45,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,651 |
| 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 | $2,158 |
| Insurance | $3,322 |
| All other expenses | $0 |
| Total functional expenses | $1,710,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,768 |
| Savings and temporary cash investments | $1,904,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,187 |
| Prepaid expenses and deferred charges | $3,786 |
| Net Land, buildings, and equipment | $9,944 |
| Investments—publicly traded securities | $4,395,581 |
| Investments—other securities | $77,820 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,172 |
| Total assets | $6,622,579 |
| Accounts payable and accrued expenses | $13,463 |
| 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 | $13,463 |
| Net assets without donor restrictions | $6,344,482 |
| Net assets with donor restrictions | $264,634 |
| 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 | $6,622,579 |
Grants Awarded
Over the last fiscal year, Frankie Lemmon Foundation Inc has awarded $1,381,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKIE LEMMON SCHOOL & DEVELOPMENTAL CENTER PURPOSE: TO FUND THE OPERATION OF THE SCHOOL. | $1,325,000 |
NEXT STEP RALEIGH PURPOSE: TO PROVIDE FUNDS TO BENEFIT THOSE WHO ARE PARTICIPATING IN PARALYSIS RECOVERY. | $56,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Association Of Educational Leaders Athens, GA | $1,753,480 | $2,070,852 |
Frankie Lemmon Foundation Inc Raleigh, NC | $6,622,579 | $3,023,119 |
Life Foundation Inc Marietta, GA | $4,192,920 | $577,149 |
Hamilton County Education Association Chattanooga, TN | $382,786 | $667,511 |
American Traffic Safety Services Foundation Inc Fredericksburg, VA | $1,328,584 | $545,724 |
Wake Forest University Foundation WinstonSalem, NC | $7,089,565 | $32,660 |
Wake Forest University Development Foundation WinstonSalem, NC | $223,333 | -$337,944 |
Professional Association Of Georgia Educators Foundation Inc Atlanta, GA | $2,018,591 | $349,575 |
Kiwanis Foundation Inc Hickory Hickory, NC | $1,458,447 | $41,775 |