L Gale Lemerand Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
L Gale Lemerand Foundation Inc is a 501(c)(3) organization based in Daytona Beach, Florida, registered in 2005, with $2,784 in FY2024 revenue. CharityIndex grades it C+.
810 Fentress Ct Ste 130, Daytona Beach, FL, 32117 EIN 20-2339256 Since 2005
Revenue (FY2024)
$2,784
▼ 14.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2,680
Net assets
$6,180
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 L Gale Lemerand 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 →
AFinancial health25% of the rating28 mo reserves · +4% 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 L Gale Lemerand Foundation Inc: 28 mo reserves · +4% 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 L Gale Lemerand 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 L Gale Lemerand Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 810 Fentress Ct Ste 130, Daytona Beach, FL, 32117
- City
- Daytona Beach
- State
- Florida
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $52K (FY2014) to $2,784 (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $6,180
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6,180
Total liabilities
$0
Net assets
$6,180
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,784▼14.8% | $2,680▲109% | $6,180▲1.7% | $6,180▲1.7% | 990PF |
| 2023 | $3,268▼73.2% | $1,285▼86.9% | $6,078▲48.4% | $6,078▲48.4% | 990PF |
| 2022 | $12,180▲34700% | $9,780▲6420% | $4,095▲142% | $4,095▲142% | 990PF |
| 2021 | $35▲45.8% | $150▼87.7% | $1,695▼6.4% | $1,695▼6.4% | 990PF |
| 2020 | $24▼99.9% | $1,215▼96.2% | $1,810▼40.7% | $1,810▼40.7% | 990PF |
| 2019 | $29,923▼47.1% | $31,722▼40.5% | $3,051▼40.8% | $3,051▼40.8% | 990PF |
| 2018 | $56,527▼59.2% | $53,288▼50.9% | $5,156▼52.6% | $5,156▼52.6% | 990PF |
| 2017 | $138,632▼45.6% | $108,586▼53.3% | $10,869▼0.6% | $10,869▼0.6% | 990PF |
| 2015 | $254,978▲389% | $232,586▲355% | $10,936▲9.8% | $10,936▲9.8% | 990PF |
| 2014 | $52,134 | $51,168 | $9,957 | $9,957 | 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 L Gale Lemerand Foundation Inc a legitimate nonprofit?
- Yes. L Gale Lemerand Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-2339256, based in Daytona Beach, Florida. Donations are tax-deductible.
- What is L Gale Lemerand Foundation Inc's EIN?
- L Gale Lemerand Foundation Inc's Employer Identification Number (EIN) is 20-2339256.
- How much revenue does L Gale Lemerand Foundation Inc report?
- L Gale Lemerand Foundation Inc reported $2,784 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does L Gale Lemerand Foundation Inc have?
- CharityIndex grades L Gale Lemerand Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for L Gale Lemerand Foundation Inc (EIN 20-2339256) 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.