Fundraising to support the Frankie Lemmon school & developmental center operations.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 480 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
5 of 6
filings with a surplus
Average surplus $662K a year · 20% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$261K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
11 mo
of spending, in cash
Plus $6.3M in investments, Pt X · Ln 11–13
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$255K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
+46% vs prior year
Spent
$3.9M
To programs
69%
Net assets
$10.3M
By yearFY2020–FY2025
Revenue
$5.8M
FY2025▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$3.0M
FY2023$3.3M
FY2024$4.0M
FY2025$5.8M
Expenses
$3.9M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.7M
FY2022$1.7M
FY2023$2.7M
FY2024$3.7M
FY2025$3.9M
Net assets
$10.3M
FY2025▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$5.9M
FY2022$6.6M
FY2023$7.5M
FY2024$8.2M
FY2025$10.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2026.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $2.6M Management & general 15% · $572K Fundraising 16% · $635K

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

23 people listed on the 990; $261K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$167,824Pt VII · Sec A
Finange Manager
$92,677Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer/ Finance Committ
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Marsha Hargette’s $168K as Executive Director is at the 73rd percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marsha Hargette$167,824$151,178$135,881$133,055$138,647$48,971
Pete Ekenstierna$92,677$62,745————
Kristen Steffen————$47,690$73,443
Todd Rankin———$67,149——
Mike Krick—$57,000$61,600$34,000$30,000—

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 Frankie Lemmon Foundation INC 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 15aYes

Programs and updates

Raises funds to support the Frankie Lemmon School & Developmental Center's operations.

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2024
01

Through fundraising events and annual campaign contributions, the foundation's mission is to support the frankie lemmon school & developmental center and lemmon tree academy. The schools provide education for children with developmental disabilities and delays in an inclusive setting.

$2.6Mprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 9 grants · $10.1M · 2019–2024
Lemmon Tree AcademyNC · FY2024$106,000
Lemmon Tree AcademyFY2023$20,000
Next Step RaleighCA · FY2019$56,500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$5.4M
Investment incomeLn 3$437K
Money outPt IX
$3.9M
Ln 25
Programscol B$2.6M
Managementcol C$572K
Fundraisingcol D$635K
Owns and owesPt X
$10.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$10.5M
LiabilitiesLn 26$255K
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Noncash giftsLn 1g$419K
Fundraising eventsLn 1c$2.5M
Investment incomeLn 3$437K
Gains on assetsLn 7$197K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$680
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$240K
Total assetsLn 16$10.5M
LiabilitiesLn 26$255K
Net assetsLn 32$10.3M
OperationsPt I, VI
EmployeesI 510
VolunteersI 6480
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$1.6M$3.6M
InvestmentsLn 11–13$6.3M$6.3M
Land, buildings, equipmentLn 10c$12K$8K
Total assetsLn 16$8.6M$10.5M
LiabilitiesLn 26$387K$255K
Net assetsLn 32$8.2M$10.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Pay of current officers, directors and key staffLn 5$287K$22K$116K$149K
Other salaries and wagesLn 7$429K$33K$174K$223K
Pension plan contributionsLn 8$13K$993$5K$7K
Other employee benefitsLn 9$59K$5K$24K$31K
Payroll taxesLn 10$53K$4K$21K$27K
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$99K$90K$9K
Office expensesLn 13$48K$4K$20K$24K
OccupancyLn 16$121K$49K$73K
TravelLn 17$4K$4K
InterestLn 20$8K$3K$5K
Depreciation, depletion and amortizationLn 22$5K$2K$3K
InsuranceLn 23$9K$684$4K$5K
Other expenses (24a–d)Ln 24$86K$1K$8K$77K
Total functional expensesLn 25$3.9M$2.6M$572K$635K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.8M$3.9M$1.9M$10.3M 990 PDF
FY2024 $4.0M$3.7M$315K$8.2M 990 PDF
FY2023 $3.3M$2.7M$599K$7.5M 990 PDF
FY2022 $3.0M$1.7M$1.3M$6.6M 990 PDF
FY2021 $1.8M$1.7M$91K$5.9M 990 PDF
FY2020 $1.9M$2.2M−$273K$4.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $5,777,593 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,106,276$5,417,726
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $226,361$436,648
I-11 Other revenuePrior year −$365,685−$76,781
I-12 Total revenuePrior year $3,966,952$5,777,593
I-13 Grants and similar amounts paidPrior year $2,470,000$2,576,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $762,022$841,345
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $420,075$435,848
I-18 Total expensesPrior year $3,652,097$3,853,193
I-19 Revenue less expensesPrior year $314,855$1,924,400
Part VI · Governance 21 of 21 board members independent, 2 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,777,593 across 8 lines filed
Lines not itemized here account for $36,101 of total revenue; see the IRS return.
VIII-1c Fundraising events$2,470,716
VIII-1f All other contributions, gifts and grants$2,947,010
VIII-1g Noncash contributions (included above)$419,117
VIII-1h Total contributions, gifts and grants$5,417,726
VIII-3 Investment incomeExcluded from tax $239,920$239,920
VIII-7 Net gain or loss on sales of assetsExcluded from tax $196,728$196,728
VIII-8 Net income from fundraising eventsExcluded from tax −$112,882−$112,882
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $359,867$5,777,593
Part IX · Statement of functional expenses $3,853,193 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,576,000$2,576,000
IX-5 Pay of current officers, directors and key staffPrograms $22,042 · Management $116,180 · Fundraising $148,883$287,105
IX-7 Other salaries and wagesPrograms $32,963 · Management $173,740 · Fundraising $222,646$429,349
IX-8 Pension plan contributionsPrograms $993 · Management $5,233 · Fundraising $6,706$12,932
IX-9 Other employee benefitsPrograms $4,547 · Management $23,967 · Fundraising $30,716$59,230
IX-10 Payroll taxesPrograms $4,048 · Management $21,337 · Fundraising $27,344$52,729
IX-11f Investment management feesManagement $55,943$55,943
IX-11g Other fees for servicesManagement $89,949 · Fundraising $9,104$99,053
IX-13 Office expensesPrograms $3,583 · Management $20,360 · Fundraising $24,200$48,143
IX-16 OccupancyManagement $48,521 · Fundraising $72,782$121,303
IX-17 TravelFundraising $3,710$3,710
IX-20 InterestManagement $3,229 · Fundraising $4,844$8,073
IX-22 Depreciation, depletion and amortizationManagement $1,817 · Fundraising $2,725$4,542
IX-23 InsurancePrograms $684 · Management $3,604 · Fundraising $4,619$8,907
IX-24 Other expenses (24a–d)Programs $1,384 · Management $8,051 · Fundraising $76,739$86,174
IX-25 Total functional expensesPrograms $2,646,244 · Management $571,931 · Fundraising $635,018$3,853,193
Part X · Balance sheet $10,538,293 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $680$680
X-2 Savings and temporary cash investmentsStart of year $1,621,158$3,578,736
X-3 Pledges and grants receivableStart of year $148,816$172,975
X-4 Accounts receivableStart of year $139,966$182,798
X-8 Inventories for sale or useStart of year $30,878$52,437
X-9 Prepaid expenses and deferred chargesStart of year $1,663$1,663
X-10c Land, buildings and equipment, netStart of year $12,477$7,935
X-11 Publicly traded securitiesStart of year $6,237,810$6,204,445
X-12 Other securitiesStart of year $92,848$96,483
X-15 Other assetsStart of year $330,821$240,141
X-16 Total assetsStart of year $8,617,117$10,538,293
X-17 Accounts payable and accrued expensesStart of year $48,418$7,016
X-25 Other liabilitiesStart of year $338,284$247,881
X-26 Total liabilitiesStart of year $386,702$254,897
X-27 Net assets without donor restrictionsStart of year $7,118,249$7,234,230
X-28 Net assets with donor restrictionsStart of year $1,112,166$3,049,166
X-32 Total net assets or fund balancesStart of year $8,230,415$10,283,396
X-33 Total liabilities and net assetsStart of year $8,617,117$10,538,293
Part XI · Reconciliation of net assets $10,283,396 net assets at year end
XI-1 Total revenue$5,777,593
XI-2 Total expenses$3,853,193
XI-3 Revenue less expenses$1,924,400
XI-4 Net assets at start of year$8,230,415
XI-5 Net unrealized gains (losses) on investments$128,581
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,283,396

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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