The Lemelson Foundation
- Assets
- $488.5m
- Revenue
- $33.7m
- Investments
- $461.7m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 88-0391959
Organization Overview
The Lemelson Foundation is located in Portland, OR. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lemelson 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 12/2021, Lemelson Foundation generated $33.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $22.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lemelson Foundation has awarded 365 individual grants totaling $106,639,325. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVENTION EDUCATION COMMUNITY OF PRACTICE - THE FOUNDATION ESTABLISHED AN INVENTION EDUCATION CONVENING FOCUSED ON BUILDING AN INVENTION COMMUNITY, DEVELOPED NEW PARTNERSHIPS BETWEEN PROGRAMS AND BUILT CONSENSUS AMONG RELEVANT STAKEHOLDERS ABOUT FRAMEWORKS, DEFINITIONS, AND THEMATIC PRIORITIES IN INVENTION EDUCATION. THE FOUNDATION BROADENED THE ORIGINAL COMMUNITY TO INCLUDE GRANTEES AND PARTNERS FROM HIGHER EDUCATION. THE PROGRAM COVERED CONVENING COSTS (FOOD, PLANNING CONSULTANTS, AV, ATTENDEE TRAVEL SUPPORT, ETC.), AS WELL AS SUPPORTED ATTENDEES TO CONTINUE WORKING ON KEY TOPIC AREAS GLEANED (EX: RESEARCHING INVENTION EDUCATION, COMMUNICATIONS) FROM THE CONVENING.
ENGINEERING FOR ONE PLANET ("EOP") NETWORK MANAGEMENT & CONVENINGS - THE ONGOING MANAGEMENT OF THE EOP NETWORK AND THE CONVENINGS AND MEETINGS NEEDED TO BRING THE NETWORK TOGETHER FOR COLLABORATION, INCLUDING AN EOP NETWORK MANAGER. NETWORK MANAGEMENT ACTIVITIES INCLUDE: WEAVING EOP NETWORK MEMBERS TO STRENGTHEN CONNECTIVITY; SUPPORTING EMERGENT COLLABORATIONS; FOSTERING A BENEFICIAL PARTICIPANT EXPERIENCE; BUILDING COLLABORATIVE INFRASTRUCTURE. THE FOUNDATION WILL SUPPORT VIRTUAL MEETINGS AND IS BUDGETED FOR ONE IN-PERSON EVENT, DEPENDING ON COVID.
INVENTION EDUCATION ORGANIZATION SUPPORT - INVENTION EDUCATION IS FOCUSED ON DEVELOPING AND IMPLEMENTING SUSTAINABLE SYSTEMS AND OPERATIONS PLANS; MOVING FROM A COMMUNITY OF PRACTICE TO A UNITED COALITION; INCREASING AWARENESS OF INVENTION EDUCATION AND IDENTIFYING AREAS FOR COLLABORATION AND ADVANCING FIELD-LEVEL PRIORITIES. TO ACHIEVE THESE GOALS, A CONTRACTOR WAS ADDED TO LEAD THE INVENTION EDUCATION NETWORK PLUS EXPENSES; AS WELL AS A STRATEGY CONTRACTOR TO ASSIST COMMUNITY LEADERS IN DEVELOPING A 5-YEAR STRATEGIC PLAN. SUPPORT FOR WORKING GROUPS AND (RESEARCH, TEACHING AND LEARNING, ETC.) AND ENGAGING THE COMMUNITY IN A COMMITMENTS PROCESS TO DRIVE TOWARDS COMMUNITY-BASED PROBLEM SOLVING AND LEVERAGE THESE TO PUSH FOR INCREASED ATTENTION TO INVENTION EDUCATION. AN ORGANIZATION SYSTEM (DATABASES, EMAIL, ETC.) AND LEARNING SERIES (WEBINARS AND WORKSHOPS) WERE HELD THROUGHOUT THE YEAR.
INVENTION EDUCATION COMMUNICATIONS SUPPORT - INCREASED AWARENESS AND DEMAND FOR INVENTION EDUCATION AMONG TARGET AUDIENCES - EDUCATORS, ADMINISTRATORS, AND FUNDERS. INCREASED DISCOVERABILITY AND UPTAKE OF INVENTION-RELATED CURRICULA FROM KEY PARTNERS, LEADING TO INCREASED NUMBER OF STUDENTS PARTICIPATING IN INVENTION EDUCATION EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Schneider See Statement 24 | 40 | $293,921 | |
Brian Doran See Statement 24 | 40 | $275,041 | |
Eric Lemelson See Statement 24 | 6 | $0 | |
Robert Lemelson See Statement 24 | 6 | $0 | |
Susan Morse Director | 6 | $0 | |
Jennifer Bruml Director | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Wealth Management | 12/30/22 | $878,193 |
Generation Im Global Equity Fund Llc | 12/30/22 | $382,453 |
Fundsmith Sustainable Equity Fund | 12/30/22 | $280,942 |
Long Story Short | 12/30/22 | $292,263 |
Sorensen Strategies | 12/30/22 | $268,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,967 |
| Dividends & Interest | $3,666,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,562,861 |
| Capital Gain Net Income | $25,106,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,432,861 |
| Total Revenue | $33,726,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $917,799 |
| Other employee salaries and wages | $1,662,468 |
| Pension plans, employee benefits | $865,001 |
| Interest | $0 |
| Taxes | $955,972 |
| Depreciation | $49,680 |
| Occupancy | $260,543 |
| Travel, conferences, and meetings | $46,368 |
| Printing and publications | $37,878 |
| Other expenses | $411,782 |
| Total operating and administrative expenses | $9,940,981 |
| Contributions, gifts, grants paid | $12,511,529 |
| Total expenses and disbursements | $22,452,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,726,743 |
| Savings and temporary cash investments | $8,532,327 |
| 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 | $60,252 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $269,148,279 |
| Net Land, buildings, and equipment | $634,858 |
| Other assets | $12,865,094 |
| Total assets | $488,510,181 |
| Accounts payable and accrued expenses | $550,928 |
| 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 | $3,527,232 |
| Total liabilities | $4,078,160 |
Grants Awarded
Over the last fiscal year, The Lemelson Foundation has awarded $29,778,311 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY FOR ENGINEERING EDUCATION PURPOSE: TO INTEGRATE ENGINEERING FOR ONE PLANET SUSTAINABILITY LEARNING OUTCOMES IN DIVERSE COURSES AND PROGRAMS NATIONALLY. | $205,392 |
AMERICAN SOCIETY FOR ENGINEERING EDUCATION PURPOSE: TO INTEGRATE ENGINEERING FOR ONE PLANET LEARNING OUTCOMES IN DIVERSE ENGINEERING COURSES AND PROGRAMS. | $200,000 |
ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITY PURPOSE: TO EQUIP FACULTY WITH THE KNOWLEDGE AND SKILLS TO INTEGRATE THE ENGINEERING FOR ONE PLANET FRAMEWORK AS WELL AS A DEEPER UNDERSTANDING OF SUSTAINABILITY EDUCATION. | $75,000 |
ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITY PURPOSE: TO MODIFY A CORE, SECOND-YEAR COURSE THAT USES PROJECT-BASED LEARNING AS A VEHICLE TO DELIVER ENGINEERING FOR ONE PLANET FRAMEWORK CONTENT TO STUDENTS ACROSS MULTIPLE ENGINEERING DISCIPLINES. | $10,000 |
CALCEF INNOVATIONS PURPOSE: TO MOBILIZE MORE PRIVATE CAPITAL WITHIN INDIA FOR EARLY-STAGE CLIMATE TECH STARTUPS BY DEVELOPING A TECHNICAL DUE DILIGENCE SERVICE THAT REDUCES THE BARRIERS OF INVESTING IN A NEW SECTOR IN WHICH INVENTION-BASED ENTERPRISES ARE PREVALENT. | $99,763 |
BEYOND BENIGN INC PURPOSE: TO SUPPORT ACTIVITIES THAT INCREASE AWARENESS OF INVENTION TO THE CHEMISTRY COMMUNITY AND INCREASE THE STEM FIELD SUBJECT DIVERSITY OF THE INVENTION EDUCATION COMMUNITY. | $66,140 |