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Lucy C Ayers Memorial 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 / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$41.8k (2024)

Expenses
$55.4k (2024)

Total Assets
$721k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,844
Expenses
$55,426
Net Income
-$13,582
Net Assets
$720,665
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,833
54.6%
Sales of Assets $19,011
45.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,427
85.6%
Compensation of Officers* $10,991
19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $720,665
Total Liabilities $0
Net Assets $720,665
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $10,991 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,315
Expenses
$49,396
Net Income
$22,919
Net Assets
$731,940
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,000
34.6%
Interest Revenue $0
Dividends $21,122
29.2%
Sales of Assets $26,142
36.2%
Other Income $51
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,688
86.4%
Compensation of Officers* $9,802
19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $731,940
Total Liabilities $0
Net Assets $731,940
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $9,802 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$46,453
Expenses
$61,671
Net Income
-$15,218
Net Assets
$709,065
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $175
0.4%
Interest Revenue $0
Dividends $18,251
39.3%
Sales of Assets $28,027
60.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,422
85.0%
Compensation of Officers* $10,327
16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $709,065
Total Liabilities $0
Net Assets $709,065
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $10,327 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$89,875
Expenses
$55,448
Net Income
$34,427
Net Assets
$724,555
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,524
19.5%
Sales of Assets $72,351
80.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,591
85.8%
Compensation of Officers* $11,555
20.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $724,555
Total Liabilities $0
Net Assets $724,555
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $11,555 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,627
Expenses
$54,780
Net Income
-$40,153
Net Assets
$690,394
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $15,229
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $47,122
86.0%
Compensation of Officers* $10,110
18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $690,395
Total Liabilities $1
Net Assets $690,394
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $10,110 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,606
Expenses
$48,083
Net Income
$49,523
Net Assets
$730,225
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $18,247
18.7%
Sales of Assets $78,643
80.6%
Other Income $716
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,248
85.8%
Compensation of Officers* $9,907
20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $730,226
Total Liabilities $1
Net Assets $730,225
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $9,907 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,912
Expenses
$54,900
Net Income
-$19,988
Net Assets
$680,520
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,754
50.9%
Sales of Assets $17,158
49.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $45,762
83.4%
Compensation of Officers* $10,270
18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $680,520
Total Liabilities $0
Net Assets $680,520
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $10,270 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$132,673
Expenses
$45,879
Net Income
$86,794
Net Assets
$700,853
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $14,272
10.8%
Sales of Assets $118,401
89.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,033
82.9%
Compensation of Officers* $9,613
21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $700,853
Total Liabilities $0
Net Assets $700,853
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $9,613 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$135,842
Expenses
$66,565
Net Income
$69,277
Net Assets
$614,308
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,123
73.7%
Interest Revenue $0
Dividends $12,006
8.8%
Sales of Assets $23,713
17.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $59,266
89.0%
Compensation of Officers* $8,410
12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $614,308
Total Liabilities $0
Net Assets $614,308
Compensation
Key Employees and Officers Compensation Other
Washington Trust Company (Trustee) $8,410 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,121
Expenses
$9,762
Net Income
$22,359
Net Assets
$544,706
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,590
17.4%
Interest Revenue $5
0.0%
Dividends $12,837
40.0%
Sales of Assets $12,826
39.9%
Other Income $863
2.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,277
33.6%
Compensation of Officers* $8,192
83.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $544,706
Total Liabilities $0
Net Assets $544,706
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $8,192 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$556,816
Expenses
$36,787
Net Income
$520,029
Net Assets
$518,388
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $538,932
96.8%
Interest Revenue $0
Dividends $14,392
2.6%
Sales of Assets $3,492
0.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,097
87.3%
Compensation of Officers* $7,326
19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $518,388
Total Liabilities $0
Net Assets $518,388
Compensation
Key Employees and Officers Compensation Other
The Washington Trust Company (Trustee) $7,326 $0

Document Links

About This Data

What Is 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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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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