Lillian's List Foundation

Nonprofit profile at a glance

EIN
853038203
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Raleigh, NC, USA
Phone
9198349008
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Women's Rights

Official website

Reported finances

Revenue
$342,866
Expenses
$139,790
Assets
$156,095
Liabilities
$81,522

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Sarah Preston (Former Executive Director)
  • Montica Talmadge (Interim Executive Director)

Highest reported compensation

  • Montica Talmadge (Interim Executive Director): $72,598 total reported compensation
  • Sarah Preston (Former Executive Director): $53,897 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lillian's List envisions a North Carolina where women are able to access complete health care and freely and fully participate in political and economic life. To achieve that vision, we are committed to developing a strong pipeline of women ready to run for elected office at every level. Recruiting and training women to run at the local level of government is a critical component of building the bench for women to successfully run and win at the legislative level and above. In addition to creating a strong pipeline, this long-term strategic effort ensures that women are represented at every level of government. Lillian's List strives for the day when women are consistently the majority of all elected officials in North Carolina. We are stepping up to lead this effort by recruiting and training women to run, win, and become champions of gender equity in their local communities. We are starting this effort by providing training and supporting women interested in running for local office.

What it reported doing in 2024

Training & Campaign Camp - Program goal is to identify emerging women leaders and provide them with the hard skills to become more civically engaged and seek leadership opportunities, including running for public office. Lillian's List Foundation has trained over 50 potential leaders, 35 campaign staff at 5 different trainings and 4 panels offered over the course of 2023.

Operating model

Revenue model
Donor-supported. 100% 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 86
  • Accountability: 90
  • Sustainability: 58
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 27.1%; rating input score 27
  • Program expense ratio: 66.4%; rating input score 66
  • Fundraising efficiency: $11.03 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 59.2%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 43.9% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 94.9% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 27.1% of revenue deployed · 66.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $93K in reported program spending
  • Leadership: top reported pay $73K · 8 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 27/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.