Lemonade Day FY2023 filing

Tax-deductible

Houston, TX501(c)(3)Youth DevelopmentEIN 20-4235269

P4L empowers youth to become contributing members of society through lesson-based experiential programs such as Lemonade Day (www.lemonadeday.org).

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$359K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $104K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$359K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $301K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$210K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+59% vs prior year
Spent
$1.7M
To programs
76%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▲ +59%
Revenue by fiscal year
FY2020$1.6M
FY2021$1.4M
FY2022$1.5M
FY2022$1.2M
FY2023$1.9M
FY2024$1.9M
Expenses
$1.7M
FY2023▲ +116%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.5M
FY2022$811K
FY2023$1.7M
FY2024$2.1M
Net assets
$1.9M
FY2023▲ +12%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.3M
FY2022$1.7M
FY2023$1.9M
FY2024$1.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.3M Management & general 7% · $116K Fundraising 17% · $296K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

18 people listed on the 990; $359K paid to officers and key staff.

Part VII, Section A · reportable compensation
$191,200Pt VII · Sec A
Houston Director
$111,200Pt VII · Sec A
Treasurer
$56,927Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Nicole Cassier-Mason’s $186K as CEO is at the 82nd percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2022FY2021FY2020
Nicole Cassier-Mason$186,200$191,200$181,200$113,046——
Steven Gordon————$137,500$133,278
Bailey Kinney$111,200$111,200$101,200———
Debra Nazarian——$106,200$106,200——
Jeff Warren$52,000$56,927$47,273$43,086$41,429$44,309

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lemonade Day executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches young people to contribute to society through hands-on programs like Lemonade Day.

Provided by the organization

This section is blank until Lemonade Day claims this page.

Know this organization? Claim it to add your story

1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2023.
01

Lemonade Day is a strategic lesson-based program that walks youth K-8 from a dream to a business plan while teaching them the principles required to start a company. Entrepreneurship is a catalyst to create new companies and better jobs; Lemonade Day works to stimulate economic growth through positive youth development and…

$1.3Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 11 grants · $140K · 2020–2023
First National Bank TexasFY2023$36,500
Kids Unlimited of OregonOR · FY2023$16,570

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$383K
Investment incomeLn 3$2K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$116K
Fundraisingcol D$296K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$712K
Total assetsLn 16$2.1M
LiabilitiesLn 26$210K
PeoplePt VI, VII
18
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$383K
Investment incomeLn 3$2K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$524K
Cash and savings togetherLn 1–2$712K
Land, buildings, equipmentLn 10c$973K
Other assetsLn 15$40K
Total assetsLn 16$2.1M
LiabilitiesLn 26$210K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 59
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$521K$712K
Land, buildings, equipmentLn 10c$1000K$973K
Total assetsLn 16$1.9M$2.1M
LiabilitiesLn 26$232K$210K
Net assetsLn 32$1.7M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$78K$78K
Pay of current officers, directors and key staffLn 5$271K$171K$18K$81K
Pay of disqualified personsLn 6$507K$333K$10K$164K
Pension plan contributionsLn 8$10K$4K$5K$587
Other employee benefitsLn 9$52K$28K$13K$11K
Payroll taxesLn 10$60K$33K$15K$12K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$2K$1K$151$161
Office expensesLn 13$43K$18K$16K$9K
Information technologyLn 14$112K$112K$150
OccupancyLn 16$46K$33K$3K$10K
TravelLn 17$54K$41K$5K$8K
Depreciation, depletion and amortizationLn 22$301K$301K
Other expenses (24a–d)Ln 24$183K$182K$486$359
Total functional expensesLn 25$1.7M$1.3M$116K$296K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9M$2.1M−$229K$1.7M 990 PDF
FY2023 Viewing $1.9M$1.7M$202K$1.9M 990 PDF
FY2022 $1.5M$1.5M−$46K$1.3M 990 PDF
FY2021 $1.4M$1.2M$204K$1.3M 990 PDF
FY2020 $1.6M$1.3M$387K$1.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,949,810 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,564,920
VIII-1h Total contributions, gifts and grants$1,564,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $382,852$382,852
VIII-3 Investment incomeExcluded from tax $2,038$2,038
VIII-12 Total revenueRelated to mission $382,852 · Unrelated business $0 · Excluded from tax $2,038$1,949,810
Part IX · Statement of functional expenses $1,748,037 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $77,896$77,896
IX-5 Pay of current officers, directors and key staffPrograms $171,447 · Management $18,162 · Fundraising $80,938$270,547
IX-6 Pay of disqualified personsPrograms $333,197 · Management $10,031 · Fundraising $163,925$507,153
IX-8 Pension plan contributionsPrograms $4,352 · Management $4,761 · Fundraising $587$9,700
IX-9 Other employee benefitsPrograms $27,884 · Management $12,677 · Fundraising $11,302$51,863
IX-10 Payroll taxesPrograms $32,948 · Management $14,734 · Fundraising $12,257$59,939
IX-11c Accounting feesManagement $31,680$31,680
IX-11g Other fees for servicesPrograms $1,360 · Management $151 · Fundraising $161$1,672
IX-13 Office expensesPrograms $18,284 · Management $15,515 · Fundraising $9,035$42,834
IX-14 Information technologyPrograms $111,542 · Management $150$111,692
IX-16 OccupancyPrograms $33,322 · Management $2,869 · Fundraising $9,766$45,957
IX-17 TravelPrograms $40,752 · Management $5,222 · Fundraising $7,580$53,554
IX-22 Depreciation, depletion and amortizationPrograms $300,566$300,566
IX-24 Other expenses (24a–d)Programs $182,139 · Management $486 · Fundraising $359$182,984
IX-25 Total functional expensesPrograms $1,335,689 · Management $116,438 · Fundraising $295,910$1,748,037
Part X · Balance sheet $2,110,415 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $521,067$187,798
X-2 Savings and temporary cash investments$523,899
X-3 Pledges and grants receivableStart of year $305,000$350,500
X-8 Inventories for sale or useStart of year $23,596$34,979
X-10c Land, buildings and equipment, netStart of year $999,609$973,289
X-15 Other assetsStart of year $79,515$39,950
X-16 Total assetsStart of year $1,930,479$2,110,415
X-17 Accounts payable and accrued expensesStart of year $24,870$47,124
X-19 Deferred revenueStart of year $127,500$122,974
X-25 Other liabilitiesStart of year $79,515$39,950
X-26 Total liabilitiesStart of year $231,885$210,048
X-27 Net assets without donor restrictionsStart of year $684,001$866,201
X-28 Net assets with donor restrictionsStart of year $1,014,593$1,034,166
X-32 Total net assets or fund balancesStart of year $1,698,594$1,900,367
X-33 Total liabilities and net assetsStart of year $1,930,479$2,110,415
Part XI · Reconciliation of net assets $1,900,367 net assets at year end
XI-1 Total revenue$1,949,810
XI-2 Total expenses$1,748,037
XI-3 Revenue less expenses$201,773
XI-4 Net assets at start of year$1,698,594
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,900,367

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.