Gerald L Lennard Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Gerald L Lennard Foundation Inc is a 501(c)(3) organization based in Wilmington, Delaware, registered in 1996, with $2,570,419 in FY2024 revenue. CharityIndex grades it C.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 13-3888381 Since 1996
Revenue (FY2024)
$2.6M
▲ 76.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.2M
Net assets
$45.2M
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 Gerald L Lennard 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 →
C+Financial health25% of the rating171 mo reserves · -24% 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 Gerald L Lennard Foundation Inc: 171 mo reserves · -24% margin earns a C+ 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 Gerald L Lennard 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 Gerald L Lennard Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $126K (FY2013) to $2.6M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $45.2M
Operating margin
-23.7%
Spent more than it raised in the latest fiscal year.
Total assets
$45.2M
Total liabilities
$0
Net assets
$45.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,570,419▲76.2% | $3,178,491▲3.1% | $45,211,774▼1.3% | $45,211,774▼1.3% | 990PF |
| 2023 | $1,458,886▲2480% | $3,083,428▲1.2% | $45,819,846▼3.4% | $45,819,846▼3.4% | 990PF |
| 2022 | $56,539▼97.2% | $3,048,070▲12.8% | $47,444,388▼5.9% | $47,444,388▼5.9% | 990PF |
| 2021 | $2,050,119▲112% | $2,702,028▲37.8% | $50,435,919▼1.3% | $50,435,919▼1.3% | 990PF |
| 2020 | $966,754▼98.0% | $1,960,250▲456% | $51,087,828▼1.9% | $51,087,828▼1.9% | 990PF |
| 2019 | $49,207,752▲39059% | $352,687▲263% | $52,095,211▲4603% | $52,095,211▲4603% | 990PF |
| 2013 | $125,663 | $97,098 | $1,107,800 | $1,107,800 | 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.
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Frequently asked questions
- Is Gerald L Lennard Foundation Inc a legitimate nonprofit?
- Yes. Gerald L Lennard Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3888381, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Gerald L Lennard Foundation Inc's EIN?
- Gerald L Lennard Foundation Inc's Employer Identification Number (EIN) is 13-3888381.
- How much revenue does Gerald L Lennard Foundation Inc report?
- Gerald L Lennard Foundation Inc reported $2,570,419 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gerald L Lennard Foundation Inc have?
- CharityIndex grades Gerald L Lennard Foundation Inc C, based on financial health (reserves and operating margin).
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Data for Gerald L Lennard Foundation Inc (EIN 13-3888381) 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.