Lemnis
Lemnis reported $45.1 million in revenue and $7.6 million in expenses for calendar year 2024. Of every $100 it spent, $31.41 went to program services, $68.59 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 99.6% of the total. The highest compensation it reported for one person was $540,658 (CEO). 9 people received more than $100,000 in reportable compensation. Revenue fell 73% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $7.6MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $45MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 31.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 68.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $540,658 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 7.11% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 9 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1,494.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAt lemnis, we envision a future of the unlimited learner, where every young person can thrive in a time of dramatic change. To champion the unlimited learner, lemnis supports changemakers and organizations who innovate in four related areas: belonging & community, neuroscience & social science, artificial intelligence & digital technology, and new ecosystems & supports
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $450,514 | $0 | $90,144 | $540,658 |
| CFO Officer, 40.00 hrs/week | $421,683 | $0 | $74,669 | $496,352 |
| COO, BOARD SECRETARY Officer, 40.00 hrs/week | $345,882 | $0 | $64,434 | $410,316 |
| VP, PROGRAMS & IMPACT Highest compensated employee, 40.00 hrs/week | $217,471 | $0 | $44,172 | $261,643 |
| ASSOCIATE GENERAL COUNSEL Highest compensated employee, 40.00 hrs/week | $195,847 | $0 | $41,243 | $237,090 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $163,227 | $0 | $35,204 | $198,431 |
| DIRECTOR, PEOPLE OPERATIONS Highest compensated employee, 40.00 hrs/week | $149,042 | $0 | $33,964 | $183,006 |
| PROGRAM MANAGER Highest compensated employee, 40.00 hrs/week | $131,975 | $0 | $31,368 | $163,343 |
9 people received more than $100,000 in reportable compensation from Lemnis (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 513
Correct a figure or respond
Every number above is copied from Lemnis's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lemnis, you can publish a response that is linked from this page.
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Of every $100 Lemnis spent in 2024, $31.41 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Lemnis's spending goes to programs?
In calendar year 2024, Lemnis reported that 31.4% of its $7.6 million in expenses went to program services, 68.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lemnis pay its top executive?
The largest total compensation Lemnis reported for one person in calendar year 2024 was $540,658, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lemnis get its money?
Of $45.1 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Lemnis a registered charity?
The IRS lists EIN 93-0686108 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202532339349300628 · read the filing · XML
- FY2023 (6 mo.): Form 990 for the 6-month short period ending December 31, 2023, object 202433209349301013 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431069349300833 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301259349301775 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200609349301705 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110919349300231 · read the filing
All filings for EIN 93-0686108: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.