Luc Gates Foundation Lise Gates
Nonprofit profile at a glance
- EIN
- 043377424
- IRS 990-EZ coverage
- 2014–2025
- Forms available
- Form 990-EZ 2025
- Location
- Enosburg Falls, VT, USA
- Phone
- 8029332030
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $22,070
- Expenses
- $6,645
- Assets
- $188,806
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- TIM STETSON (PRESIDENT)
People named in this filing
- TIM STETSON (PRESIDENT)
- JAY NICHOLS (VICE-PRESIDE)
- JASON BAPP (TREASURER)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To raise money for college scholarships and to contribute to other non-profit organizations.
What it reported doing in 2025
To raise money for college scholarships and other non-profit organizations.
Operating model
- Revenue model
- Other-operating. 89% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 80
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.7%; rating input score 39
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 69.9%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 28.41; rating input score 97; 97th 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: -7.6% per year; rating input score 0; 31st percentile among comparable filings
- Revenue growth: -5.2% per year; rating input score 0; 33rd percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 38.7% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2014 to 2025
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.