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47 Th Avenue Foundation

Phyllis A Lindsey Ttee

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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.12M (2024)

Expenses
$3.03M (2024)

Total Assets
$60M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2020 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
$1,123,751
Expenses
$3,034,121
Net Income
-$1,910,370
Net Assets
$59,983,712
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $581,296
51.7%
Dividends $649,615
57.8%
Sales of Assets -$107,160
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,872,314
94.7%
Compensation of Officers* $179,922
5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $59,983,712
Total Liabilities $0
Net Assets $59,983,712
Compensation
Key Employees and Officers Compensation Other
Ozy Zebarjadi (Vice President Of Op) $193,859 $0
Lauren Bruck (Vice President Of St) $180,116 $0
Lindsey Wellmon (Executive Director) $179,922 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,038,340
Expenses
$2,206,296
Net Income
-$1,167,956
Net Assets
$56,072,857
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $484,936
46.7%
Dividends $683,981
65.9%
Sales of Assets -$136,077
Other Income $5,500
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,055,280
93.2%
Compensation of Officers* $147,064
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 $56,072,857
Total Liabilities $0
Net Assets $56,072,857
Compensation
Key Employees and Officers Compensation Other
Ozy Zebarjadi (Vice President Of Op) $193,991 $0
Lindsey Wellmon (Executive Director) $147,064 $0
Lauren Bruck (Vice President Of St) $127,875 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$2,336,741
Expenses
$715,651
Net Income
-$3,052,392
Net Assets
$51,051,792
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $168,520
Interest Revenue $4,977
Dividends $983,748
Sales of Assets -$3,494,001
Other Income $15
Notable Expenses Percent of Total Expenses
Charitable Disbursements $582,411
81.4%
Compensation of Officers* $174,998
24.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $51,051,792
Total Liabilities $0
Net Assets $51,051,792
Compensation
Key Employees and Officers Compensation Other
Lindsey Wellmon (Executive Director) $174,998 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,953,142
Expenses
$88,918
Net Income
$3,864,224
Net Assets
$48,396,748
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,803,331
70.9%
Interest Revenue $33
0.0%
Dividends $1,040,948
26.3%
Sales of Assets $108,830
2.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,426
15.1%
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 $48,396,748
Total Liabilities $0
Net Assets $48,396,748
Compensation
Key Employees and Officers Compensation Other
Phyllis A Lindsey (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,745,481
Expenses
$5,225,253
Net Income
-$3,479,772
Net Assets
$44,662,410
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,745,481
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,166,153
98.9%
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 $44,662,411
Total Liabilities $1
Net Assets $44,662,410
Compensation
Key Employees and Officers Compensation Other
Phyllis A Lindsey (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

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.

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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