Frankie Lemmon Foundation Inc
Nonprofit profile at a glance
- EIN
- 561572087
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Raleigh, NC, USA
- Phone
- 9198458880
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $5,777,593
- Expenses
- $3,853,193
- Assets
- $10,538,293
- Liabilities
- $254,897
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- MARSHA HARGETTE (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARSHA HARGETTE (EXECUTIVE DIRECTOR): $175,291 total reported compensation
- PETE EKENSTIERNA (FINANGE MANAGER): $96,497 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The frankie lemmon foundation was established for the purpose of supporting the frankie lemmon school and developmental center and lemmon tree academy. Only a portion of the school's total operating costs are covered by state funding through the wake county public school system. The frankie lemmon foundation, through its fundraising efforts, provides most of the funds needed to support the schools. The foundation is the organizer of the triangle wine & food experience, one of the area's most successful fundraising events. The success of this event has been the catalyst for laying the groundwork to increase the number of children served by the frankie lemmon school and developmental center and lemmon tree academy. The schools also serve typically developing children who pay tuition to attend.
What it reported doing in 2024
Through fundraising events and annual campaign contributions, the foundation's mission is to support the frankie lemmon school & developmental center and lemmon tree academy. The schools provide education for children with developmental disabilities and delays in an inclusive setting. The schools have the capacity to serve up to 100 children. During the current fiscal year, the number of children enrolled requiring additional attention due to their complex medical and developmental issues increased resulting in a reduction in the total students admitted during the fiscal year. Although the majority of children served have special needs, the schools do serve developing children as well. Services provided include speech and language therapy, occupational therapy, physical therapy, and vision and hearing services, which are customized for each child.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.6%; rating input score 50
- Program expense ratio: 68.7%; rating input score 69
- Fundraising efficiency: $8.53 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 33.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 2.73; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 49.6% of revenue deployed · 68.7% of spending went to programs
- Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $175K · 23 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $112K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.