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Lsb Foundation EIN 20-1653464

Lsb Foundation

EIN  20-1653464 Private foundation / grantmaker Reinbeck, IA
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Size
$100K–1M
What they do
A private foundation based in Reinbeck, IA. It reported about $227K in revenue for 2024.
Leadership
Sally Hollis · Chairperson
Money in and out
$227K revenue, $245K expenses
Bottom line
—

A private foundation based in Reinbeck, IA. It reported about $227K in revenue for 2024. For fiscal year 2024 it reported $227K in revenue, $245K in expenses, and $83K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$227K
Pt VIII · Ln 12
Total expenses
$245K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Total assets
83K
deployed as grants and operations
Grants paid
239K
in FY2024
Grants made
130grants
total in period
Payout rate
287%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 130 grants · $239K · 2024–2024
Uni FoundationFY2024$10,000
Cedar Falls Housing Trust FundFY2024$7,500
Central Rivers Aea FoundationFY2024$7,298
Scholarship AmericaFY2024$7,164
Scholarship AmericaFY2024$5,657
The Iowa CenterFY2024$5,000
People Community Health Clinic INCFY2024$5,000
Leader ValleyFY2024$5,000
Iowa College FoundationFY2024$5,000
Hawkeye Community College FoundationFY2024$5,000
Greene Volunteer Fire DeptFY2024$5,000
City of TamaFY2024$5,000
Christian Community Development DBA House of HopeFY2024$5,000
Chic Behavioral Health and Community ServicesFY2024$5,000
Cedar Falls Community Schools FoundationFY2024$5,000
Americans for Independent LivingFY2024$5,000
Northeast Iowa Food BankFY2024$3,500
Tori's AngelsFY2024$3,000
See all 130 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$1K
Largest grantPart XV$10K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$227K
FY2024▼ -6%
Expenses
$245K
FY2024▲ +1%
Total assets
$83K
FY2024▼ -18%
Total liabilities
$0
FY2024
Total revenue
$227K
Pt VIII · Ln 12
Total expenses
$245K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Total assetsPt II$83K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLsb Foundation
EINHdr · item D20-1653464
Principal addressHdr · item CReinbeck, IA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFFeb 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Sally Hollis
Chairperson
$0Pt VII · Sec A
David Deeds
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lsb Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$220K · 97%
Investment income$7K · 3%
Contributions & grants97%$220K
Investment income3%$7K
Total revenueLn 12$227K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.97 Operating & administrative $0.03
Grants & contributions paid97%$239K
Operating & administrative3%$6K
Total functional expensesLn 25$245K

Balance Sheet

Part X · end of year
CashLn 1$71K
Total assetsLn 16$83K
Total liabilitiesLn 26$0
Total net assetsLn 32$83K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $83K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $227K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $227K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $227K · Prior year $241K
-6%
Revenue CAGR
FY2020 $238K · FY2024 $227K
-1%
Net-asset trend (YoY)
End of year $83K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $227K · Expenses $245K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $83K
—
Net-asset ratio
Net assets $83K · Total assets $83K
100%
People & payroll
Highest Reported Total Compensation
Individual Sally Hollis · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $245K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$241K revenue · ⤓ 990 PDF
FY2023$277K revenue · ⤓ 990 PDF
FY2022$267K revenue · ⤓ 990 PDF
FY2021$238K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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