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Dr M Lee Pearce 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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$138M (2024)

Expenses
$6.08M (2024)

Total Assets
$174M (2024)

Total Liabilities
$815k (2024)

Source: Form 990 tax filings from 2011 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
$138,251,674
Expenses
$6,077,577
Net Income
$132,174,097
Net Assets
$173,490,095
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $133,102,649
96.3%
Interest Revenue $0
Dividends $1,302,870
0.9%
Sales of Assets $2,878,827
2.1%
Other Income $967,328
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,560,723
91.5%
Compensation of Officers* $109,500
1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $174,304,900
Total Liabilities $814,805
Net Assets $173,490,095
Compensation
Key Employees and Officers Compensation Other
Michael A Carpenter (Chair, Pres. & Director) $21,500 $0
Robert Potts (Vice President & Director) $14,000 $0
Jeffrey W Bolton (Treasurer, Director) $13,000 $0
Tatjana Rundek Md Phd (Director) $9,000 $0
Susan Feder (Director) $8,000 $0
Yulieth Franco (Director) $8,000 $0
Marc Scorca (Director) $8,000 $0
Andre Terzic Md Phd (Director) $8,000 $0
Mark Volpe (Director) $8,000 $0
Joseph B Martin (Director) $7,000 $0
Patricia E Hopkins (Secretary) $2,500 $0
Scott A Kent (Assistant Treasurer) $2,500 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,025,553
Expenses
$2,261,089
Net Income
-$1,235,536
Net Assets
$40,333,826
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $75
0.0%
Sales of Assets $261,038
25.5%
Other Income $764,440
74.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,918,355
84.8%
Compensation of Officers* $83,000
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $41,259,116
Total Liabilities $925,290
Net Assets $40,333,826
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Chair, Pres. & Director Til 9/8) $15,375 $0
Michael Carpenter (Chair & President As Of 10/18) $14,875 $0
Robert Potts (Vice President & Director) $13,000 $0
Jeffrey Bolton (Director) $9,250 $0
Tatjana Rundek (Director) $8,000 $0
Yulieth Franco (Director) $8,000 $0
Joseph Martin (Director) $7,000 $0
Patricia Hopkins (Assistant Secretary) $2,500 $0
Scott Kent (Member) $2,500 $0
Richard Inglis (Secretary & Treasurer Til 12/14) $2,500 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,657,729
Expenses
$1,339,947
Net Income
$18,317,782
Net Assets
$38,353,471
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000,000
> 100%
Interest Revenue $0
Dividends $0
Sales of Assets -$833,836
Other Income $491,565
2.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,026,673
76.6%
Compensation of Officers* $90,000
6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $38,361,205
Total Liabilities $7,734
Net Assets $38,353,471
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Chairman, President & Director) $21,500 $0
Robert Potts (Vice President & Director) $14,000 $0
Michael Carpenter (Executive Vice President) $14,000 $0
Yulieth Franco (Director) $9,000 $0
Jeffrey Bolton (Director) $9,000 $0
Tatjana Rundek (Director) $8,000 $0
Joseph Martin (Director) $7,000 $0
Richard Inglis (Secretary & Treasurer) $2,500 $0
Scott Kent (Assistant Treasurer) $2,500 $0
Patricia Hopkins (Assistant Secretary) $2,500 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$764,277
Expenses
$1,245,681
Net Income
-$481,404
Net Assets
$17,021,071
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $764,277
100%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,013,104
81.3%
Compensation of Officers* $82,500
6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,719,284
Total Liabilities $698,213
Net Assets $17,021,071
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Chairman, President & Director) $33,000 $0
Robert Potts (Vice President & Director) $13,000 $0
Michael Carpenter (Executive Vice President & Director) $13,000 $0
Yulieth Franco (Director) $8,000 $0
Tatjana Rundek (Director) $8,000 $0
Richard Inglis (Secretary & Treasurer) $2,500 $0
Scott Kent (Assistant Treasurer) $2,500 $0
Patricia Hopkins (Assistant Secretary) $2,500 $0
Valery Gergiev (Director) $0 $0
Jeffrey Bolton (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,514
Expenses
$1,122,860
Net Income
-$1,107,346
Net Assets
$17,502,475
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,579
23.1%
Dividends $50
0.3%
Sales of Assets $8,127
52.4%
Other Income $3,758
24.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $922,027
82.1%
Compensation of Officers* $71,500
6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,162,787
Total Liabilities $660,312
Net Assets $17,502,475
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Chairman, President & Director) $13,000 $0
Robert Potts (Vice President & Director) $13,000 $0
Michael Carpenter (Executive Vice President & Director) $8,000 $0
Yulieth Franco (Director) $8,000 $0
Tatjana Rundek (Director) $8,000 $0
Joseph Martin Until Nov 2020 (Director) $8,000 $0
Valery Gergiev (Director) $6,000 $0
Richard Inglis (Secretary & Treasurer) $2,500 $0
Scott Kent (Assistant Treasurer) $2,500 $0
Patricia Hopkins (Assistant Secretary) $2,500 $0
Oleg De Lousanoff (Senior Vice President & Director) $0 $0
Jeffrey Bolton (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,292,305
Expenses
$1,261,357
Net Income
$30,948
Net Assets
$18,292,381
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $66,997
5.2%
Dividends $202,319
15.7%
Sales of Assets $1,022,649
79.1%
Other Income $340
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,010,283
80.1%
Compensation of Officers* $78,000
6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,075,546
Total Liabilities $783,165
Net Assets $18,292,381
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Chairman, President & Director) $13,000 $0
Robert Potts (Vice President & Director) $13,000 $0
Oleg De Lousanoff (Sr. Vice President & Director) $13,000 $0
Joseph Martin (Director) $8,000 $0
Michael Carpenter (Exec Vice President & Director) $8,000 $0
Yulieth Franco (Director) $7,000 $0
Valery Gergiev (Director) $5,000 $0
Tatjana Rundek As Of July 2019 (Director) $3,500 $0
Richard K Inglis (Treasurer) $2,500 $0
Scott Kent (Assistant Treasurer) $2,500 $0
Tricia Hopkins (Ass't Secretary) $2,500 $0
Jeffrey Bolton (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$681,715
Expenses
$1,069,208
Net Income
-$387,493
Net Assets
$18,249,024
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $73,171
10.7%
Dividends $288,773
42.4%
Sales of Assets $308,721
45.3%
Other Income $11,050
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $821,635
76.8%
Compensation of Officers* $85,250
8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,932,134
Total Liabilities $683,110
Net Assets $18,249,024
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Chairman, President & Director) $13,000 $0
Robert Potts (Vice President & Director) $13,000 $0
Oleg De Lousanoff (Sr. Vice President & Director) $13,000 $0
Joseph Martin (Director) $8,000 $0
Yulieth Franco (Director) $8,000 $0
Michael Carpenter (Exec Vice President & Director) $8,000 $0
Valery Gergiev (Director) $8,000 $0
Michael Rosenblatt (Director (Until 11/13/18)) $8,000 $0
Richard Inglis (Treasurer) $2,500 $0
Scott Kent (Assistant Treasurer) $2,500 $0
Tricia Hopkins (Ass't Secretary) $1,250 $0
Jeffrey Bolton (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,174,709
Expenses
$736,557
Net Income
$7,438,152
Net Assets
$18,831,776
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $74,121
0.9%
Dividends $111,011
1.4%
Sales of Assets $326,206
4.0%
Other Income $7,663,371
93.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $265,707
36.1%
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 $18,831,776
Total Liabilities $0
Net Assets $18,831,776
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (President & Director) $0 $0
M Lee Pearce M D (Chairman, Ceo & Director) $0 $0
Phyllis Johns (Treasurer) $0 $0
Robert Potts (Vice President & Director) $0 $0
Mary Damon (Ass't Secretary) $0 $0
Richard Inglis (Secretary) $0 $0
Oleg De Lousanoff (Sr. Vice President & Director) $0 $0
Joseph Martin (Director) $0 $0
Valery Gergiev (Director) $0 $0
Juliette Franco (Director) $0 $0
Michael Carpenter (Exec Vice President & Director) $0 $0
Scott Kent (Assistant Treasurer) $0 $0
Jeffrey Bolton (Director) $0 $0
Michael Rosenblatt (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$256,752
Expenses
$588,089
Net Income
-$331,337
Net Assets
$11,195,187
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $39,033
15.2%
Dividends $123,700
48.2%
Sales of Assets $94,019
36.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $200,463
34.1%
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 $11,195,187
Total Liabilities $0
Net Assets $11,195,187
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (President & Director) $0 $0
M Lee Pearce M D (Chairman, Ceo & Director) $0 $0
Phyllis Johns (Treasurer) $0 $0
Robert Potts (Vice President & Director) $0 $0
Mary Damon (Ass't Secretary) $0 $0
Tim Lincoln (Secretary) $0 $0
Oleg De Lousanoff (Sr. Vice President & Director) $0 $0
Joseph Martin (Director) $0 $0
Valery Gergiev (Director) $0 $0
Juliette Franco (Director) $0 $0
Michael Carpenter (Exec Vice President & Director) $0 $0
Scott Kent (Assistant Treasurer) $0 $0
Jeffrey Bolton (Director) $0 $0
Michael Rosenblatt (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$153,437
Expenses
$540,787
Net Income
-$387,350
Net Assets
$11,423,806
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $24,891
16.2%
Dividends $157,020
> 100%
Sales of Assets -$22,378
Other Income -$6,096
Notable Expenses Percent of Total Expenses
Charitable Disbursements $203,936
37.7%
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 $11,423,806
Total Liabilities $0
Net Assets $11,423,806
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Vice Chairman, President) $0 $0
M Lee Pearce M D (Chairman, Ceo & Director) $0 $0
Jose Valle (Treasurer & Director) $0 $0
Robert Potts (Sr. Vp & Director) $0 $0
Mary Damon (Ass't Secretary & Treasurer) $0 $0
Tim Lincoln (Secretary) $0 $0
Jeffrey Bivins (Director) $0 $0
Dale Rusted (Director) $0 $0
Valery Gergiev (Director) $0 $0
Yulieth Franco (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$310,225
Expenses
$415,732
Net Income
-$105,507
Net Assets
$11,814,194
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $19,430
6.3%
Dividends $131,158
42.3%
Sales of Assets $180,844
58.3%
Other Income -$21,207
Notable Expenses Percent of Total Expenses
Charitable Disbursements $118,684
28.5%
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 $11,814,194
Total Liabilities $0
Net Assets $11,814,194
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Vice Chairman, President) $0 $0
M Lee Pearce M D (Chairman, Ceo & Director) $0 $0
Jose Valle (Treasurer & Director) $0 $0
Robert Potts (Sr. Vp & Director) $0 $0
Mary Damon (Ass't Secretary & Treasurer) $0 $0
Tim Lincoln (Secretary) $0 $0
Jeffrey Bivins (Director) $0 $0
Dale Rusted (Director) $0 $0
Valery Gergiev (Director) $0 $0
Yulieth Franco (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$946,320
Expenses
$526,291
Net Income
$420,029
Net Assets
$11,798,437
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $22,115
2.3%
Dividends $113,398
12.0%
Sales of Assets $810,768
85.7%
Other Income $39
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $260,151
49.4%
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 $11,798,869
Total Liabilities $432
Net Assets $11,798,437
Compensation
Key Employees and Officers Compensation Other
Charles Douglas (Vice Chairman, President) $0 $0
M Lee Pearce M D (Chairman, Ceo & Director) $0 $0
Jose Valle (Treasurer & Director) $0 $0
Robert Potts (Sr. Vp & Director) $0 $0
Mary Damon (Ass't Secretary & Treasurer) $0 $0
Tim Lincoln (Secretary) $0 $0
Robert L Achor (Director) $0 $0
Jeffrey Bivins (Director) $0 $0
Dale Rusted (Director) $0 $0
Valery Gergiev (Director) $0 $0
Yulieth Franco (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$608,314
Expenses
$1,269,368
Net Income
-$661,054
Net Assets
$11,142,277
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $537,918
88.4%
Interest Revenue $41,507
6.8%
Dividends $133,463
21.9%
Sales of Assets $0
Other Income $15,906
2.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $958,658
75.5%
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 $11,142,277
Total Liabilities $0
Net Assets $11,142,277

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$116,314
Expenses
$1,475,063
Net Income
-$1,358,749
Net Assets
$11,708,776
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $24,950
21.5%
Interest Revenue $54,879
47.2%
Dividends $165,677
> 100%
Sales of Assets $0
Other Income $28,639
24.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,145,063
77.6%
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 $11,709,186
Total Liabilities $410
Net Assets $11,708,776

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.
2006

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

Fiscal Year Ending Dec.
2002

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.
2001

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

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.

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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

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