Lets Do It Together Foundation
Nonprofit profile at a glance
- EIN
- 920441772
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Sanford, NC, USA
- Phone
- 9197764636
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Coalitions
Reported finances
- Revenue
- $77,467
- Expenses
- $76,563
- Assets
- $16,660
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- CHARLES MELLETTE (PRESIDENT)
People named in this filing
- CHARLES MELLETTE (PRESIDENT)
- BRENDA JOHNSON (VICE PRESIDE)
- VONDA REIVES (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the lets do it together foundation is to strengthen the community by promoting opportunities for everyone through education, advocacy, civic engagement, and collaboration.
What it reported doing in 2024
Promoting opportunities for everyone through education, advocacy, civic engagement, and collaboration.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.7%; rating input score 62
- Program expense ratio: 62.5%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 79.6% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 32.8% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 61.7% of revenue deployed · 62.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $48K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.