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Kors Lepere Foundation

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$994k (2023)

Expenses
$1.43M (2023)

Total Assets
$17.7M (2023)

Total Liabilities
$6.86k (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$994,133
Expenses
$1,427,828
Net Income
-$433,695
Net Assets
$17,736,555
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $29,992
3.0%
Dividends $43,784
4.4%
Sales of Assets $904,721
91.0%
Other Income $15,636
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,271,455
89.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,743,410
Total Liabilities $6,855
Net Assets $17,736,555
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$586,944
Expenses
$1,511,281
Net Income
-$924,337
Net Assets
$18,095,869
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $110,372
18.8%
Sales of Assets $436,215
74.3%
Other Income $40,357
6.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,369,715
90.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,095,869
Total Liabilities $0
Net Assets $18,095,869
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,103,479
Expenses
$1,448,447
Net Income
$1,655,032
Net Assets
$18,991,966
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $63,211
2.0%
Sales of Assets $2,955,078
95.2%
Other Income $85,190
2.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,329,661
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,991,966
Total Liabilities $0
Net Assets $18,991,966
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$680,758
Expenses
$1,129,307
Net Income
-$1,810,065
Net Assets
$17,348,433
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $141,992
Sales of Assets $0
Other Income $75,755
Notable Expenses Percent of Total Expenses
Charitable Disbursements $993,896
88.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,348,434
Total Liabilities $1
Net Assets $17,348,433
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,726,236
Expenses
$1,177,309
Net Income
$548,927
Net Assets
$19,168,504
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $312,168
18.1%
Sales of Assets $1,265,079
73.3%
Other Income $148,989
8.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,053,151
89.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,168,505
Total Liabilities $1
Net Assets $19,168,504
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$922,307
Expenses
$1,177,936
Net Income
-$255,629
Net Assets
$18,605,343
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $257,112
27.9%
Sales of Assets $554,870
60.2%
Other Income $110,325
12.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,014,746
86.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,605,343
Total Liabilities $0
Net Assets $18,605,343
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,649,638
Expenses
$821,676
Net Income
$827,962
Net Assets
$18,861,205
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,868
0.2%
Dividends $230,824
14.0%
Sales of Assets $1,152,329
69.9%
Other Income $263,617
16.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $689,740
83.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,861,205
Total Liabilities $0
Net Assets $18,861,205
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,130,789
Expenses
$1,461,566
Net Income
-$330,777
Net Assets
$18,042,352
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,520
0.2%
Dividends $220,227
19.5%
Sales of Assets $823,097
72.8%
Other Income $84,945
7.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,352,234
92.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,042,352
Total Liabilities $0
Net Assets $18,042,352
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$665,892
Expenses
$1,811,894
Net Income
-$1,146,002
Net Assets
$18,377,774
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $343
0.1%
Dividends $273,453
41.1%
Sales of Assets $250,393
37.6%
Other Income $141,703
21.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,706,877
94.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,377,774
Total Liabilities $0
Net Assets $18,377,774
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,008,652
Expenses
$1,759,871
Net Income
$248,781
Net Assets
$19,544,871
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $461
0.0%
Dividends $417,545
20.8%
Sales of Assets $1,499,328
74.6%
Other Income $91,318
4.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,649,722
93.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,544,871
Total Liabilities $0
Net Assets $19,544,871
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$885,295
Expenses
$1,455,700
Net Income
-$570,405
Net Assets
$19,295,126
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $176
0.0%
Dividends $500,899
56.6%
Sales of Assets $383,418
43.3%
Other Income $802
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,369,642
94.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,295,126
Total Liabilities $0
Net Assets $19,295,126
Compensation
Key Employees and Officers Compensation Other
Michael Kors (President) $0 $0
Lance Le Pere (Secretary And Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,808,407
Expenses
$890,350
Net Income
$4,918,057
Net Assets
$19,868,317
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,063,025
87.2%
Interest Revenue $11,682
0.2%
Dividends $514,259
8.9%
Sales of Assets $219,126
3.8%
Other Income $315
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $850,922
95.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,868,318
Total Liabilities $1
Net Assets $19,868,317

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,001,145
Expenses
$0
Net Income
$20,001,145
Net Assets
$20,001,145
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000,000
100.0%
Interest Revenue $1,145
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $20,001,145
Total Liabilities $0
Net Assets $20,001,145

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.

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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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  • Raw filing data. Includes EINs and summary financials as structured data.
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