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Luc Gates Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$21.7k (2022)

Expenses
$13.4k (2022)

Total Assets
$177k (2022)

Total Liabilities
$97 (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$21,744
Expenses
$13,360
Net Income
$8,384
Net Assets
$176,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,014
9.3%
Net Fundraising $21,072
96.9%
Sales of Assets -$1,342
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $176,875
Total Liabilities $97
Net Assets $176,778
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$24,279
Expenses
$4,069
Net Income
$20,210
Net Assets
$168,394
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $529
2.2%
Net Fundraising $12,236
50.4%
Sales of Assets $10,822
44.6%
Net Inventory Sales $0
Other Revenue $692
2.9%
Assets/Debt
Total Assets $168,491
Total Liabilities $97
Net Assets $168,394
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$14,385
Expenses
$10,794
Net Income
$3,591
Net Assets
$148,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $420
2.9%
Net Fundraising $9,406
65.4%
Sales of Assets $3,867
26.9%
Net Inventory Sales $0
Other Revenue $692
4.8%
Assets/Debt
Total Assets $148,281
Total Liabilities $97
Net Assets $148,184
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$22,368
Expenses
$18,803
Net Income
$3,565
Net Assets
$144,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,152
5.2%
Net Fundraising $18,734
83.8%
Sales of Assets $1,635
7.3%
Net Inventory Sales $0
Other Revenue $847
3.8%
Assets/Debt
Total Assets $144,690
Total Liabilities $97
Net Assets $144,593
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$13,330
Expenses
$30,323
Net Income
-$16,993
Net Assets
$141,028
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $971
7.3%
Net Fundraising $8,456
63.4%
Sales of Assets $2,396
18.0%
Net Inventory Sales $0
Other Revenue $1,507
11.3%
Assets/Debt
Total Assets $141,125
Total Liabilities $97
Net Assets $141,028
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$19,112
Expenses
$23,380
Net Income
-$4,268
Net Assets
$158,021
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,676
8.8%
Net Fundraising $11,984
62.7%
Sales of Assets $2,118
11.1%
Net Inventory Sales $0
Other Revenue $3,334
17.4%
Assets/Debt
Total Assets $158,118
Total Liabilities $97
Net Assets $158,021
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$11,124
Expenses
$13,673
Net Income
-$2,549
Net Assets
$162,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,310
11.8%
Net Fundraising $3,924
35.3%
Sales of Assets $1,627
14.6%
Net Inventory Sales $0
Other Revenue $4,263
38.3%
Assets/Debt
Total Assets $162,289
Total Liabilities $0
Net Assets $162,289
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$33,751
Expenses
$21,273
Net Income
$12,478
Net Assets
$164,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,780
5.3%
Program Services $0
Investment Income $369
1.1%
Net Fundraising $22,685
67.2%
Sales of Assets $2,666
7.9%
Net Inventory Sales $0
Other Revenue $6,251
18.5%
Assets/Debt
Total Assets $164,838
Total Liabilities $0
Net Assets $164,838
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Gabriel Desautels (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$29,848
Expenses
$20,399
Net Income
$9,449
Net Assets
$152,360
Notable Sources of Revenue Percent of Total Revenue
Contributions $820
2.7%
Program Services $0
Investment Income $516
1.7%
Net Fundraising $20,768
69.6%
Sales of Assets $3,934
13.2%
Net Inventory Sales $0
Other Revenue $3,810
12.8%
Assets/Debt
Total Assets $152,360
Total Liabilities $0
Net Assets $152,360
Compensation
Key Employees and Officers Compensation Other
Tim Stetson (President) $0 $0
Jay Nichols (Vice Preside) $0 $0
Jason Bapp (Treasurer) $0 $0
Michele Plouff (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$34,660
Expenses
$18,797
Net Income
$15,863
Net Assets
$142,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,967
28.8%
Program Services $0
Investment Income $2,562
7.4%
Net Fundraising $20,164
58.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,967
5.7%
Assets/Debt
Total Assets $142,911
Total Liabilities $0
Net Assets $142,911

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$32,699
Expenses
$12,320
Net Income
$20,379
Net Assets
$127,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $562
1.7%
Program Services $0
Investment Income $600
1.8%
Net Fundraising $27,500
84.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,037
12.3%
Assets/Debt
Total Assets $127,048
Total Liabilities $0
Net Assets $127,048

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$28,319
Expenses
$17,628
Net Income
$10,691
Net Assets
$106,669
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,780
6.3%
Program Services $0
Investment Income $339
1.2%
Net Fundraising $27,369
96.6%
Sales of Assets -$1,169
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $106,669
Total Liabilities $0
Net Assets $106,669

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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