Dr M Lee Pearce Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Dr M Lee Pearce Foundation Inc is a 501(c)(3) organization based in Miami Beach, Florida, registered in 1985, with $138,251,674 in FY2024 revenue. CharityIndex grades it C+.
777 Arthur Godfrey Rd Ste 400, Miami Beach, FL, 33140 EIN 59-2424272 Since 1985
Revenue (FY2024)
$138.3M
▲ 13380.7% vs prior year
Expenses (FY2024)
$6.1M
Net assets
$173.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dr M Lee Pearce Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating343 mo reserves · +96% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dr M Lee Pearce Foundation Inc: 343 mo reserves · +96% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Dr M Lee Pearce Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dr M Lee Pearce Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 777 Arthur Godfrey Rd Ste 400, Miami Beach, FL, 33140
- City
- Miami Beach
- State
- Florida
- Category
- —
- Subcategory
- —
- Phone
- …
Financial trends
Revenue grew from $946K (FY2013) to $138.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $815KNet assets $173.5M
Operating margin
95.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$174.3M
Total liabilities
$815K
Net assets
$173.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $138,251,674▲13381% | $6,077,577▲169% | $173,490,095▲330% | $174,304,900▲322% | 990PF |
| 2023 | $1,025,553▼94.8% | $2,261,089▲68.7% | $40,333,826▲5.2% | $41,259,116▲7.6% | 990PF |
| 2022 | $19,657,729▲2472% | $1,339,947▲7.6% | $38,353,471▲125% | $38,361,205▲116% | 990PF |
| 2021 | $764,277▲4826% | $1,245,681▲10.9% | $17,021,071▼2.8% | $17,719,284▼2.4% | 990PF |
| 2020 | $15,514▼98.8% | $1,122,860▼11.0% | $17,502,475▼4.3% | $18,162,787▼4.8% | 990PF |
| 2019 | $1,292,305▲89.6% | $1,261,357▲18.0% | $18,292,381▲0.2% | $19,075,546▲0.8% | 990PF |
| 2018 | $681,715▼91.7% | $1,069,208▲45.2% | $18,249,024▼3.1% | $18,932,134▲0.5% | 990PF |
| 2017 | $8,174,709▲3084% | $736,557▲25.2% | $18,831,776▲68.2% | $18,831,776▲68.2% | 990PF |
| 2016 | $256,752▲67.3% | $588,089▲8.7% | $11,195,187▼2.0% | $11,195,187▼2.0% | 990PF |
| 2015 | $153,437▼50.5% | $540,787▲30.1% | $11,423,806▼3.3% | $11,423,806▼3.3% | 990PF |
| 2014 | $310,225▼67.2% | $415,732▼21.0% | $11,814,194▲0.1% | $11,814,194▲0.1% | 990PF |
| 2013 | $946,320 | $526,291 | $11,798,437 | $11,798,869 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Michael A Carpenter — $21,500 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael A Carpenter | Chair, Pres. & Director | 5 | $21,500 |
| Robert Potts | Vice President & Director | 3 | $14,000 |
| Jeffrey W Bolton | Treasurer, Director | 3 | $13,000 |
| Tatjana Rundek Md Phd | Director | 2 | $9,000 |
| Andre Terzic Md Phd | Director | 2 | $8,000 |
| Marc Scorca | Director | 2 | $8,000 |
| Mark Volpe | Director | 2 | $8,000 |
| Susan Feder | Director | 2 | $8,000 |
| Yulieth Franco | Director | 2 | $8,000 |
| Joseph B Martin | Director | 2 | $7,000 |
| Patricia E Hopkins | Secretary | 1 | $2,500 |
| Scott A Kent | Assistant Treasurer | 1 | $2,500 |
Frequently asked questions
- Is Dr M Lee Pearce Foundation Inc a legitimate nonprofit?
- Yes. Dr M Lee Pearce Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2424272, based in Miami Beach, Florida. Donations are tax-deductible.
- What is Dr M Lee Pearce Foundation Inc's EIN?
- Dr M Lee Pearce Foundation Inc's Employer Identification Number (EIN) is 59-2424272.
- How much revenue does Dr M Lee Pearce Foundation Inc report?
- Dr M Lee Pearce Foundation Inc reported $138,251,674 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dr M Lee Pearce Foundation Inc have?
- CharityIndex grades Dr M Lee Pearce Foundation Inc C+, based on financial health (reserves and operating margin).
- How much does Dr M Lee Pearce Foundation Inc's highest-paid employee make?
- The highest reported compensation on Dr M Lee Pearce Foundation Inc's latest Form 990 is $21,500, paid to Michael A Carpenter (Chair, Pres. & Director).
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Data for Dr M Lee Pearce Foundation Inc (EIN 59-2424272) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.