Joseph Lemm Memorial Foundation Ltd is located in Purchase, NY. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Lemm Memorial Foundation Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Joseph Lemm Memorial Foundation Ltd generated $72.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $42.9k during the year ending 12/2023. While expenses have increased by 17.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GOLF OUTING TO RAISE FUNDS IN ORDER TO PROVIDE BOTH SCHOLARSHIPS AND CONTRIBUTIONS.THERE WERE 112 GOLFERS AND 70 GUESTS IN ATTENDENCE. THE EVENT INCLUDED CONTESTS,CELEBRITIES AND LIVE ENTERTAINMENT.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Deguisto President | 10 | $0 | |
Brooke Chaco Member | 1 | $0 | |
Christopher Drews Trustee | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,485 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $58,711 |
| Other Revenue | $0 |
| Total Revenue | $72,331 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $461 |
| Other expenses | $9,602 |
| Total expenses | $42,865 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,665 |
| Other assets | $0 |
| Total assets | $56,055 |
| Total liabilities | $11,000 |
| Net assets or fund balances | $45,055 |