LEXIEBEAN FOUNDATION

EIN: 300631431 501(c)(3)

PLAINVIEW, NY

Total Revenue
$89,835
Total Expenses
$83,786
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
JOSEPH FALABELLA
Phone
8885392326
Tax Period
2021-01-01 to 2021-12-31

LEXIEBEAN FOUNDATION, founded in 2010, is a micro nonprofit that reported $90K in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $84K left a modest 7% surplus.

Mission

THE ORGANIZATIONS MISSION IS TO HELP EASE THE FINANCIAL AND EMOTIONAL BURDENS THAT CHILDHOOD CANCER PLACES UPON A FAMILY, WHILE PROVIDING COMFORT TO CHILDREN AS THEY COPE WITH

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $89,835
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $89,835

Expense Breakdown

Grants Paid $21,400
Salaries & Benefits $17,103
Fundraising Expenses $0
Program Expenses $52,456
Other Expenses $45,283
TOTAL EXPENSES $83,786

Year-over-Year Comparison

2021 2020 Change
Revenue $89,835 $120,722 -0.3%
Expenses $83,786 $128,898 -0.3%
Net Income $6,049 $-8,176 -1.7%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
17

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
3
$14,625
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH FALABELLA PRESIDENT 20.00
Officer
$0 $0 $0
LEAANN FALABELLA TREASURER 20.00
Officer
$0 $0 $14,625
MELISSA EICHELE SECRETARY 20.00
Officer
$0 $0 $0
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
2021 $89,835 $83,786 No data $6,049
2020 $120,722 $130,260 $9,635 $-9,538
2019 $158,289 $149,882 $10,519 $8,407
2018 $194,132 $219,945 $10,766 $-25,813
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