Civic Intelligence

Luc Gates Foundation Lise Gates

990EZ • Fiscal year 2022 • EIN 04-3377424

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 17, 2023

Organization ProfileN/A
2443 Sampsonville RoadEnosburg Falls, VT 05450

(802) 933-2030

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

84th percentile

39%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

56th percentile

5.0%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-10%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$176,875

Up $8,384 (+5.0%) from 2021

Net Assets

Up

$176,778

Up $8,384 (+5.0%) from 2021

Liabilities

Flat

$97

Flat from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin84th percentile

Revenue

Down

$21,744

Down $2,535 (-10%) from 2021

Expenses

Up

$13,360

Up $9,291 (+228%) from 2021

Net Income

Down

$8,384

Down $11,826 (-59%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2011: $106,669Liabilities 2011: $02011Assets 2012: $127,048Liabilities 2012: $02012Assets 2013: $142,911Liabilities 2013: $02013Assets 2014: $152,360Liabilities 2014: $0Net Assets 2014: $152,3602014Assets 2015: $164,838Liabilities 2015: $0Net Assets 2015: $164,8382015Assets 2016: $162,289Liabilities 2016: $0Net Assets 2016: $162,2892016Assets 2017: $158,118Liabilities 2017: $97Net Assets 2017: $158,0212017Assets 2018: $141,125Liabilities 2018: $97Net Assets 2018: $141,0282018Assets 2019: $144,690Liabilities 2019: $97Net Assets 2019: $144,5932019Assets 2020: $148,281Liabilities 2020: $97Net Assets 2020: $148,1842020Assets 2021: $168,491Liabilities 2021: $97Net Assets 2021: $168,3942021Assets 2022: $176,875Liabilities 2022: $97Net Assets 2022: $176,7782022Assets 2023: $168,039Liabilities 2023: $97Net Assets 2023: $167,9422023Assets 2024: $173,478Liabilities 2024: $97Net Assets 2024: $173,3812024

Highlighted filing

2022

Assets$176,875
Liabilities$97
Net Assets$176,778
Open 2022 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40K$20K$0-$20KRevenue 2011: $28,319Expenses 2011: $17,628Net Income 2011: $10,6912011Revenue 2012: $32,699Expenses 2012: $12,320Net Income 2012: $20,3792012Revenue 2013: $34,660Expenses 2013: $18,797Net Income 2013: $15,8632013Revenue 2014: $29,848Expenses 2014: $20,399Net Income 2014: $9,4492014Revenue 2015: $33,751Expenses 2015: $21,273Net Income 2015: $12,4782015Revenue 2016: $11,124Expenses 2016: $13,673Net Income 2016: -$2,5492016Revenue 2017: $19,112Expenses 2017: $23,380Net Income 2017: -$4,2682017Revenue 2018: $13,330Expenses 2018: $30,323Net Income 2018: -$16,9932018Revenue 2019: $22,368Expenses 2019: $18,803Net Income 2019: $3,5652019Revenue 2020: $14,385Expenses 2020: $10,794Net Income 2020: $3,5912020Revenue 2021: $24,279Expenses 2021: $4,069Net Income 2021: $20,2102021Revenue 2022: $21,744Expenses 2022: $13,360Net Income 2022: $8,3842022Revenue 2023: -$3,244Expenses 2023: $5,592Net Income 2023: -$8,8362023Revenue 2024: $21,734Expenses 2024: $16,295Net Income 2024: $5,4392024

Highlighted filing

2022

Revenue$21,744
Expenses$13,360
Net Income$8,384
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 17, 2023
Return Version
2022v5.0
Gross Receipts
$51,899
Mission and Program Overview

Mission

To raise money for college scholarships and to contribute to other non-profit organizations.

Program Services

DescriptionGrantsExpenses
TO RAISE MONEY FOR COLLEGE SCHOLARSHIPS AND OTHER NON-PROFIT ORGANIZATIONS.$12,712$13,360
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIM STETSONPresident-$0--
JAY NICHOLSVice-Preside-$0--
JASON BAPPTreasurer-$0--
GABRIEL DESAUTELSSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$33,665$33,665$12,593$21,072
Total Events$33,665$33,665$12,593$21,072
Filing and Contact Details

Filer

Filer Name
Luc Gates Foundation
EIN
04-3377424
Address
2443 SAMPSONVILLE ROAD, ENOSBURG FALLS, VT 05450

Signing Officer

Name
Tim Stetson
Title
President
Signed
2023-10-17

Preparer

Firm
Kittell Branagan & Sargent
Address
154 N MAIN ST, ST ALBANS, VT 05478
Preparer
Dana Kittell CPA
Phone
8025249531
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Name: various scholarships and donations address: 239 main street enosburg, vt 05450 cash contribution: 12,712”

Form 990-ez, Part I, Line 16

“Expenses investment expenses 648 total 648”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 97 97”

Form 990-ez, Part III

“To raise money for college scholarships and to contribute to other non-profit organizations.”

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08029332030
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ENOSBURG FALLS
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IRS990EZ/ExcessOrDeficitForYearAmt08384
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-1342
IRS990EZ/GrantsAndSimilarAmountsPaidAmt012712
IRS990EZ/GrossReceiptsAmt051899
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIM STETSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAY NICHOLS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GABRIEL DESAUTELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0648
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO RAISE MONEY FOR COLLEGE SCHOLARSHIPS AND TO CONTRIBUTE TO OTHER NON-PROFIT ORGANIZATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO RAISE MONEY FOR COLLEGE SCHOLARSHIPS AND OTHER NON-PROFIT ORGANIZATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012712
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt013360
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt016220
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt012593
IRS990EZ/SpecialEventsNetIncomeLossAmt021072
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VT
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt097
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt097
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt013360
IRS990EZ/TotalProgramServiceExpensesAmt013360
IRS990EZ/TotalRevenueAmt021744
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0529
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0420
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01152
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0971
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt033665
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt035055
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt018935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt043392
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt032463
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0163510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0529
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0420
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0971
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05086
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.03000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96980
IRS990ScheduleA/PublicSupportPY509Pct00.97320
IRS990ScheduleA/PublicSupportTotal509Amt0163510
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt033665
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt018935
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt033434
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0168596
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033665
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021072
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012593
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012593
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: VARIOUS SCHOLARSHIPS AND DONATIONS ADDRESS: 239 MAIN STREET ENOSBURG, VT 05450 CASH CONTRIBUTION: 12,712
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES INVESTMENT EXPENSES 648 TOTAL 648
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 97 97
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO RAISE MONEY FOR COLLEGE SCHOLARSHIPS AND TO CONTRIBUTE TO OTHER NON-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM STETSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUC GATES FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LISE GATES
ReturnHeader/Filer/BusinessNameControlTxt0LUCG
ReturnHeader/Filer/EIN0043377424
ReturnHeader/Filer/USAddress/AddressLine1Txt02443 SAMPSONVILLE ROAD
ReturnHeader/Filer/USAddress/CityNm0ENOSBURG FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005450
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030302296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KITTELL BRANAGAN & SARGENT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0154 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST ALBANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005478
ReturnHeader/PreparerPersonGrp/PhoneNum08025249531
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANA KITTELL CPA
ReturnHeader/ReturnTs02023-11-01T15:22:15-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STETSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$176,875
Liabilities
$97
Net assets
$176,778
Revenue
$21,744
Expenses
$13,360
Net income
$8,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.22$0.16$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.03$0.06$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.22$0.13$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.24$0.04$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.14$0.11$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.22$0.19$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.13$0.30$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.19$0.23$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.11$0.14$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.34$0.21$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.30$0.20$0.09
2013Summary only. Only limited summary data is available for this year.$1.43$0.00$0.35$0.19$0.16
2012Summary only. Only limited summary data is available for this year.$1.27$0.00$0.33$0.12$0.20
2011Summary only. Only limited summary data is available for this year.$1.07$0.00$0.28$0.18$0.11