Lucy Fernandez Foundation Inc
- Assets
- $727.3k
- Revenue
- $747.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2022
- EIN
- 88-4107708
Organization Overview
Lucy Fernandez Foundation Inc is located in Miami, FL. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucy Fernandez Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO DISTRIBUTE SCHOLARSHIPS DIRECTLY TO OUR LADY OF LOURDES ACADEMY FOR THE PURPOSE OF PAYING THE TUITION OF CERTAIN STUDENTS WHO DEMONSTRATE FINANCIAL NEED AFTER EXHAUSTING ALL OTHER FUNDING RESOURCES, AND EXPERIENCE AN UNFORESEEN EVENT OR HARDSHIP. SECONDLY, TO CREATE BOATER AND WATERCRAFT SAFETY AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 THEIR FAMILIES) SHOULD THEY EXPERIENCE AN UNFORESEEN EVENT OR HARDSHIP (I.E., MEDICAL EXPENSES). THE SCHOLARSHIP FUND WILL AFFORD STUDENTS THE OPPORTUNITY TO SHARE IN WHAT GENERATIONS OF YOUNG WOMEN, LIKE LUCY, WERE FORTUNATE TO EXPERIENCE. THE CORPORATION WILL ALLOCATE ALL OF ITS TIME, FUNDS RAISED AND OVERALL EXPENSES TO THE ADVANCEMENT OF ITS MISSION. CURRENTLY, THE CORPORATION IS ORGANIZING A FUNDRAISER ON GOFUNDME. IN THE FUTURE, THE CORPORATION PLANS TO UNDERTAKE VARIOUS FUNDRAISING ACTIVITIES (I.E., ANNUAL GALAS, FOOD DRIVES, SOCIAL MEDIA/WEBSITE SOLICIATIONS, ETC.).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angel Fernandez Jr Director | OfficerTrustee | 5 | $0 |
Andres Fernandez Director | OfficerTrustee | 20 | $0 |
Antonio Garo Friguls Director | OfficerTrustee | 10 | $0 |
Melissa Fernandez Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $634,742 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,855 |
| Total Program Service Revenue | $0 |
| Investment income | $3,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,097 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $600 |
| Total functional expenses | $19,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $727,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $727,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $727,302 |
| Total liabilities and net assets/fund balances | $727,302 |