Kermit K Lackey Foundation
Only null% goes to programs Strong reserves Growing revenue
Kermit K Lackey Foundation is a 501(c)(3) organization based in Utica, Michigan, registered in 2007, with $41,326 in FY2025 revenue. CharityIndex grades it C+.
45952 Schoenherr Rd, Utica, MI, 48315 EIN 20-8676644 Since 2007
Revenue (FY2025)
$41K
▲ 159.6% vs prior year
Philanthropy median: $168K
Expenses (FY2025)
$25K
Net assets
$84K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Kermit K Lackey Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating41 mo reserves · +40% 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 Kermit K Lackey Foundation: 41 mo reserves · +40% margin earns a A 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 Kermit K Lackey Foundation— 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 Kermit K Lackey Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 45952 Schoenherr Rd, Utica, MI, 48315
- City
- Utica
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $25K (FY2014) to $41K (FY2025) across 12 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $0Net assets $84K
Operating margin
40.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$84K
Total liabilities
$0
Net assets
$84K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $41,326▲160% | $24,642▲9.3% | $83,912▼15.7% | $83,912▼15.7% | 990PF |
| 2024 | $15,922▲29.2% | $22,545▲27.0% | $99,546▼6.8% | $99,546▼6.8% | 990PF |
| 2023 | $12,322▼36.9% | $17,750▼35.0% | $106,847▲6.8% | $106,847▲6.8% | 990PF |
| 2022 | $19,538▼2.7% | $27,312▼3.1% | $100,030▲0.9% | $100,030▲0.9% | 990PF |
| 2021 | $20,084▲76.2% | $28,173▲8.2% | $99,093▼6.2% | $99,093▼6.2% | 990PF |
| 2020 | $11,397▼30.7% | $26,048▲0.6% | $105,594▼14.7% | $105,594▼14.7% | 990PF |
| 2019 | $16,442▼17.2% | $25,881▼44.6% | $123,823▼9.7% | $123,823▼9.7% | 990PF |
| 2018 | $19,863▲198% | $46,757▼36.5% | $137,151▼18.1% | $137,151▼18.1% | 990PF |
| 2017 | $6,672▼5.6% | $73,651▲68.1% | $167,458▼23.7% | $167,458▼23.7% | 990PF |
| 2016 | $7,070▲395% | $43,812▼4.4% | $219,392▼14.3% | $219,392▼14.3% | 990PF |
| 2015 | -$2,395▼109% | $45,847▲11.9% | $256,134▼16.9% | $256,134▼16.9% | 990PF |
| 2014 | $25,268 | $40,963 | $308,052 | $308,052 | 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 Kermit K Lackey Foundation a legitimate nonprofit?
- Yes. Kermit K Lackey Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8676644, based in Utica, Michigan. Donations are tax-deductible.
- What is Kermit K Lackey Foundation's EIN?
- Kermit K Lackey Foundation's Employer Identification Number (EIN) is 20-8676644.
- How much revenue does Kermit K Lackey Foundation report?
- Kermit K Lackey Foundation reported $41,326 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does Kermit K Lackey Foundation have?
- CharityIndex grades Kermit K Lackey Foundation C+, based on financial health (reserves and operating margin).
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Data for Kermit K Lackey Foundation (EIN 20-8676644) 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.