Lettie Pate Evans Foundation Inc Restricted u/w of Lettie Pate Evans (EIN 237282939) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

P Russell Hardin

Phone

4045226755

Tax Period

2023-01-01 to 2023-12-31

Lettie Pate Evans Foundation Inc Restricted u/w of Lettie Pate Evans is a 501(c)(3) with EIN 237282939, based in Atlanta, GA. Founded in 1945, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $540,613,287 in total revenue and $126,109,963 in total expenses, with net assets of $3,941,933,142.

Mission

To provide to certain named beneficiaries annual monetary support designated by amount or percentage in the will of Lettie Pate Evans, deceased. To date, beneficiaries of the Lettie Pate Evans Restricted Fund have collectively received more than $1.8 billion in distributions since the Fund's inception.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $540,613,287

Other Revenue $0

TOTAL REVENUE $540,613,287

Expense Breakdown

Grants Paid $122,796,533

Salaries & Benefits $963,969

Fundraising Expenses $0

Program Expenses $123,431,554

Other Expenses $2,349,461

TOTAL EXPENSES $126,109,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,613,287	$551,574,370	0.0%
Expenses	$126,109,963	$119,029,760	+0.1%
Net Income	$414,503,324	$432,544,610	0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Liquidity & Cash Position

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Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,493,437

Total Directors

$326,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES B WILLIAMS	TRUSTEE CHAIR EMERITUS	1.00	Director	$18,750	$0	$75,000
E JENNER WOOD III	TRUSTEE CHAIR	3.00	Director	$18,750	$0	$85,000
LAWRENCE L GELLERSTEDT III	TRUSTEE VICE CHAIR	2.00	Director	$26,250	$0	$85,000
DAVID P STOCKERT	TRUSTEE	1.00	Director	$18,750	$0	$56,667
LYONS GRAY	TRUSTEE	1.00	Director	$18,750	$0	$25,000
P RUSSELL HARDIN	PRESIDENT	11.00	Officer	$177,873	$64,799	$683,806
ERIK S JOHNSON	SECRETARY & VICE PRESIDENT	11.00	Officer	$104,656	$56,576	$420,784
ELI P NIEPOKY	TREASURER	11.00	Officer	$92,712	$66,203	$388,847
ELIZABETH A SMITH	GRANTS PROGRAM DIRECTOR	11.00	Highest	$55,919	$28,925	$223,526
CARRIE D CONWAY	SENIOR PROGRAM OFFICER	11.00	Highest	$40,404	$41,667	$182,275
SARAH TABLAN	CONTROLLER	11.00	Highest	$50,243	$39,380	$214,227
KATRINA H VOEGTLIN	ASSISTANT CONTROLLER	11.00	Highest	$32,789	$44,626	$158,734
DAHLIA BROWN	PROGRAM OFFICER	11.00	Highest	$31,816	$38,912	$149,633

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$540,613,287	$126,109,963	$3,970,058,445	$414,503,324
2022	$551,574,370	$119,029,760	$4,095,775,433	$432,544,610
2021	$442,744,333	$111,084,652	$3,922,374,719	$331,659,681
2020	$187,984,622	$106,625,591	$3,526,487,187	$81,359,031

Lettie Pate Evans Foundation Inc Restricted u/w of Lettie Pate Evans