Lucy Fernandez Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 88-4107708)

Revenue by fiscal year
FY2022	$747K
FY2023	$144K
FY2024	$199K

Expenses by fiscal year
FY2022	$20K
FY2023	$63K
FY2024	$206K

Net assets by fiscal year
FY2022	$727K
FY2023	$808K
FY2024	$801K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2022.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $179K Management & general 13% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Angel Fernandez JR

Director

$0Pt VII · Sec A

Andres Fernandez

Chief Executive Officer

$0Pt VII · Sec A

Antonio Garo Friguls

Chief Financial Officer

$0Pt VII · Sec A

Melissa Fernandez

Chief Executive Officer

$0Pt VII · Sec A

See Lucy Fernandez Foundation INC executive salaries →

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

Provides scholarships for students with financial need and promotes boater safety.

Questions for Lucy Fernandez Foundation INC

Tap to ask. Lucy Fernandez Foundation INC sees how many people are interested.

Your first name shows with your question. Lucy Fernandez Foundation INC answers here, for everyone.

1 program · $179K · in their own filed words · FY2024

01

Lucy fernandez foundation inc. (the corporation) was established in honor and loving memory of lucy fernandez. The corporation's mission is to provide (I) scholarships for students at our lady of lourdes academy, lucy's cherished school, who demonstrate financial need, and (ii) assistance to students at our lady of lourdes academy (and…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-4107708) · Dispute this line

$179Kprogram 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 · FY2024

Paypal Charitable Giving FundFY2024$17K

The Loud and Live Foundation INCFY2024$10K

Medina Family Foundation INCFY2024$5K

Pico Family FoundationFY2024$1K

Total grants receivedfrom 4 funders$33K

See all 4 funders →

Grants paid · 2 grants · $33K · 2023–2024

Unitemized GrantFY2024$11,978

Unitemized GrantFY2023$20,989

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$199K

Ln 12

Fees for servicesLn 2g$100K

Gifts and grantsLn 1h$79K

Investment incomeLn 3$20K

Money outPt IX

$206K

Ln 25

Programscol B$179K

Managementcol C$28K

Owns and owesPt X

$801K

net assets · Ln 32

Cash and savingsLn 1–2$802K

Total assetsLn 16$802K

LiabilitiesLn 26$1K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$79K

Fundraising eventsLn 1c$45K

Fees for servicesLn 2g$100K

Investment incomeLn 3$20K

Total revenueLn 12$199K

Assets in detailPt X, end of year

CashLn 1$109K

SavingsLn 2$693K

Cash and savings togetherLn 1–2$802K

Total assetsLn 16$802K

LiabilitiesLn 26$1K

Net assetsLn 32$801K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$808K	$802K
Total assetsLn 16	$808K	$802K
LiabilitiesLn 26	$0	$1K
Net assetsLn 32	$808K	$801K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$12K	$12K
Other fees for servicesLn 11g	$2K	$2K
Advertising and promotionLn 12	$49K	$49K
Office expensesLn 13	$16K		$16K
Information technologyLn 14	$6K		$6K
OccupancyLn 16	$5K		$5K
TravelLn 17	$988		$988
InterestLn 20	$226		$226
InsuranceLn 23	$203	$203
Other expenses (24a–d)Ln 24	$115K	$115K
Total functional expensesLn 25	$206K	$179K	$28K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Sep 4, 2025	$199K	$206K	−$7K	$801K	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$144K	$63K	$81K	$808K	990 PDF
FY2022Filed with the IRS Nov 15, 2023	$747K	$20K	$727K	$727K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $199,185 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $94,643$78,860

I-9 Program service revenuePrior year $37,361$100,037

I-10 Investment incomePrior year $12,017$20,288

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $144,021$199,185

I-13 Grants and similar amounts paidPrior year $20,989$11,978

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $42,286$194,299

I-18 Total expensesPrior year $63,275$206,277

I-19 Revenue less expensesPrior year $80,746−$7,092

Part VI · Governance 4 of 4 board members independent, 2 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $199,185 across 7 lines filed

VIII-1c Fundraising events$44,855

VIII-1f All other contributions, gifts and grants$34,005

VIII-1h Total contributions, gifts and grants$78,860

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $100,037$100,037

VIII-3 Investment incomeExcluded from tax $20,288$20,288

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $120,325$199,185

Part IX · Statement of functional expenses $206,277 across 10 lines filed

IX-2 Grants to domestic individualsPrograms $11,978$11,978

IX-11g Other fees for servicesPrograms $2,067$2,067

IX-12 Advertising and promotionPrograms $49,275$49,275

IX-13 Office expensesManagement $16,279$16,279

IX-14 Information technologyManagement $5,590$5,590

IX-16 OccupancyManagement $4,551$4,551

IX-17 TravelManagement $988$988

IX-20 InterestManagement $226$226

IX-23 InsurancePrograms $203$203

IX-24 Other expenses (24a–d)Programs $115,120$115,120

IX-25 Total functional expensesPrograms $178,643 · Management $27,634 · Fundraising $0$206,277

Part X · Balance sheet $801,987 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $115,048$108,987

X-2 Savings and temporary cash investmentsStart of year $693,000$693,000

X-16 Total assetsStart of year $808,048$801,987

X-25 Other liabilitiesStart of year $0$1,031

X-26 Total liabilitiesStart of year $0$1,031

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $808,048$800,956

X-32 Total net assets or fund balancesStart of year $808,048$800,956

X-33 Total liabilities and net assetsStart of year $808,048$801,987

Part XI · Reconciliation of net assets $800,956 net assets at year end

XI-1 Total revenue$199,185

XI-2 Total expenses$206,277

XI-3 Revenue less expenses−$7,092

XI-4 Net assets at start of year$808,048

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$800,956

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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

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. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home 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, contact the filing organization or the IRS directly.

Lucy Fernandez Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lucy Fernandez Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV