Lemonade Foundation FY2023 filing

Mesa, AZUnknown exempt organizationSince 2020 EIN 36-4962172

On file with the IRS4824 E Baseline Rd 112 · Mesa, AZ

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Deliver exponential social impact to the world, through the use of advanced technology

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $4.4M a year · 89% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
183 mo
of spending, in cash
Looks good: 182.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$921K
To programs
95%
Net assets
$20.7M
By yearFY2020–FY2025
Revenue
$0
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.2M
FY2021$15.9M
FY2022$500K
FY2023$0
FY2024$369K
FY2025$510K
Expenses
$921K
FY2023▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$12K
FY2021$11K
FY2022$1.4M
FY2023$921K
FY2024$343K
FY2025$463K
Net assets
$20.7M
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$61.2M
FY2021$32.8M
FY2022$20.5M
FY2023$20.7M
FY2024$29.3M
FY2025$42.5M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $876K Management & general 5% · $45K

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

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Lemonade Foundation executive salaries →

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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 15aNo

Programs and updates

Uses advanced technology to create massive positive change globally.

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Provided by the organization

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1 program · $876K · in their own filed words · FY2023
01

DURING THE TAX YEAR, THE ORGANIZATION CONTINUED THE LEMONADE CRYPTO CLIMATE COALITION, A FIRST-OF-ITS-KIND BLOCKCHAIN BASED PARAMETRIC CROP PROTECTION FOR SUBSISTENCE FARMERS. The Lemonade Crypto Climate Coalition was formed to solve three main challenges: accurately quantifying weather risks automating claim assessment and providing…

$876Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$921K
Ln 25
Programscol B$876K
Managementcol C$45K
Owns and owesPt X
$20.7M
net assets · Ln 32
Cash and savingsLn 1–2$14.0M
Total assetsLn 16$20.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gains on assetsLn 7$0
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$14.0M
SavingsLn 2$0
Cash and savings togetherLn 1–2$14.0M
InvestmentsLn 11–13$6.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$20.7M
LiabilitiesLn 26$0
Net assetsLn 32$20.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$14.9M$14.0M
InvestmentsLn 11–13$5.4M$6.6M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$20.5M$20.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$20.5M$20.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$876K$876K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$24K$24K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$30$30
All other expensesLn 24e$0
Total functional expensesLn 25$921K$876K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $510K$463K$47K$42.5M 990 PDF
FY2024 $369K$343K$26K$29.3M 990 PDF
FY2023 Viewing $0$921K−$921K$20.7M 990 PDF
FY2022 $500K$1.4M−$883K$20.5M 990 PDF
FY2021 $15.9M$11K$15.9M$32.8M 990 PDF
FY2020 $12.2M$12K$12.2M$61.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,000$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $500,000$0
I-13 Grants and similar amounts paidPrior year $1,320,500$875,947
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $62,420$44,592
I-18 Total expensesPrior year $1,382,920$920,539
I-19 Revenue less expensesPrior year −$882,920−$920,539
Part VI · Governance 2 of 2 board members independent, 2 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $0 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$0
Part IX · Statement of functional expenses $920,539 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $875,947$875,947
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $9,362$9,362
IX-11c Accounting feesManagement $24,010$24,010
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,225$1,225
IX-12 Advertising and promotionManagement $1,125$1,125
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $8,840$8,840
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $30$30
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $875,947 · Management $44,592 · Fundraising $0$920,539
Part X · Balance sheet $20,746,534 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $14,926,633$14,014,934
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $5,426,000$6,630,000
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $110,440$101,600
X-15 Other assets$0
X-16 Total assetsStart of year $20,463,073$20,746,534
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $20,463,073$20,746,534
X-32 Total net assets or fund balancesStart of year $20,463,073$20,746,534
X-33 Total liabilities and net assetsStart of year $20,463,073$20,746,534
Part XI · Reconciliation of net assets $20,746,534 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$920,539
XI-3 Revenue less expenses−$920,539
XI-4 Net assets at start of year$20,463,073
XI-5 Net unrealized gains (losses) on investments$1,204,000
XI-10 Net assets at end of year$20,746,534

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

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