Leipsic Athletic Boosters INC FY2021 filing

Tax-deductible

Leipsic, OH501(c)(3)Recreation & SportsEIN 20-0949938Revenue $165K in FY2021

On file with the IRS15 S Poplar Street, 45856-0000 · Leipsic, OHTax-exempt since Oct 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Provide assistance in obtaining necessary equipment or funds for which no other provisions have been made. Enhance and maximize opportunities for Leipsic student athletes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $6K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$111K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
-55% vs prior year
Spent
$70K
To programs
98%
Net assets
$523K
By yearFY2020–FY2025
Revenue
$165K
FY2021▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$365K
FY2021$165K
FY2022$175K
FY2023$163K
FY2024$59K
FY2025$57K
Expenses
$70K
FY2021▲ +72%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$70K
FY2022$73K
FY2023$729K
FY2024Not on file
FY2025$42K
Net assets
$523K
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$428K
FY2021$523K
FY2022$625K
FY2023$59K
FY2024$54K
FY2025$68K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $69K Management & general 2% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Leipsic Athletic Boosters INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps student athletes get needed equipment or funds when no other help is available.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Provide assistance in obtaining necessary equipment or funds for which no other provisions have been made.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$165K
Ln 12
Gifts and grantsLn 1h$128K
Other incomeLn 4–11$38K
Money outPt IX
$70K
Ln 25
Programscol B$69K
Managementcol C$2K
Owns and owesPt X
$523K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$634K
LiabilitiesLn 26$111K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Other incomeLn 4–11$38K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Other assetsLn 15$587K
Total assetsLn 16$634K
LiabilitiesLn 26$111K
Net assetsLn 32$523K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$149K$47K
Total assetsLn 16$688K$634K
LiabilitiesLn 26$260K$111K
Net assetsLn 32$428K$523K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$620$620
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
InterestLn 20$3K$3K
Other expenses (24a–d)Ln 24$47K$47K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$70K$69K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $57K$42K$15K$68K 990 PDF
FY2024 $59K$54K 990 PDF
FY2023 $163K$729K−$565K$59K 990 PDF
FY2022 $175K$73K$102K$625K 990 PDF
FY2021 Viewing $165K$70K$95K$523K 990 PDF
FY2020 $365K$41K$324K$428K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $165,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $326,781$127,638
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $38,597$37,538
I-12 Total revenuePrior year $365,378$165,176
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $321,351$70,335
I-18 Total expensesPrior year $321,351$70,335
I-19 Revenue less expensesPrior year $44,027$94,841
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $165,176 across 4 lines filed
Lines not itemized here account for $37,538 of total revenue; see the IRS return.
VIII-1b Membership dues$7,750
VIII-1f All other contributions, gifts and grants$119,888
VIII-1h Total contributions, gifts and grants$127,638
VIII-12 Total revenueRelated to mission $37,538$165,176
Part IX · Statement of functional expenses $70,335 across 6 lines filed
IX-11c Accounting feesManagement $620$620
IX-12 Advertising and promotionPrograms $1,740$1,740
IX-13 Office expensesManagement $1,001$1,001
IX-20 InterestPrograms $2,623$2,623
IX-24 Other expenses (24a–d)Programs $47,003$47,003
IX-24e All other expensesPrograms $17,348$17,348
IX-25 Total functional expensesPrograms $68,714 · Management $1,621 · Fundraising $0$70,335
Part X · Balance sheet $633,593 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $149,043$46,984
X-15 Other assetsStart of year $538,853$586,609
X-16 Total assetsStart of year $687,896$633,593
X-25 Other liabilitiesStart of year $260,050$110,906
X-26 Total liabilitiesStart of year $260,050$110,906
X-27 Net assets without donor restrictionsStart of year $427,846$522,687
X-32 Total net assets or fund balancesStart of year $427,846$522,687
X-33 Total liabilities and net assetsStart of year $687,896$633,593
Part XI · Reconciliation of net assets $522,687 net assets at year end
XI-1 Total revenue$165,176
XI-2 Total expenses$70,335
XI-3 Revenue less expenses$94,841
XI-4 Net assets at start of year$427,846
XI-10 Net assets at end of year$522,687

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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