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The Leupold Foundation FY2020 filing

Tax-deductible

Colfax, NC501(c)(3)Since 2006Education EIN 20-4804026Revenue $257K in FY2020

On file with the IRStheleupoldfoundation.org8510 Triad Dr, 27235-9403 · Colfax, NCTax-exempt since Mar 2007Publicly supported — 509(a)(2)

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The preservation, reproduction, and dissemination of the culture of the pipe organ, and to a lesser extent the culture of other musical instruments, from all centuries and national schools.

501(c)(3) charity; gifts are tax-deductible.
92¢ 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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FY2020 · 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
6 of 6
filings with a surplus
Average surplus $153K a year · 40% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
Spent
$199K
To programs
92%
Net assets
$850K
By yearFY2020–FY2025
Revenue
$257K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$257K
FY2021$266K
FY2022$999K
FY2023$264K
FY2024$248K
FY2025$250K
Expenses
$199K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$232K
FY2022$242K
FY2023$260K
FY2024$225K
FY2025$207K
Net assets
$850K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$850K
FY2021$884K
FY2022$1.6M
FY2023$1.6M
FY2024$1.7M
FY2025$1.7M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $183K Management & general 8% · $16K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Locklair
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Leupold Foundation 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

Preserves and shares the culture of pipe organs and other musical instruments.

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Provided by the organization

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1 program · $183K · in their own filed words · FY2020
01

The preservation, reproduction, and dissemination of the culture of the pipe organ, and to a lesser extent the culture of other musical instruments, from all centuries and national schools.

$183Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Fees for servicesLn 2g$139K
Gifts and grantsLn 1h$119K
Investment incomeLn 3$3
Money outPt IX
$199K
Ln 25
Programscol B$183K
Managementcol C$16K
Owns and owesPt X
$850K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$855K
LiabilitiesLn 26$6K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119K
Government grantsLn 1e$14K
Noncash giftsLn 1g$55K
Fees for servicesLn 2g$139K
Investment incomeLn 3$3
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$13K
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$818K
Total assetsLn 16$855K
LiabilitiesLn 26$6K
Net assetsLn 32$850K
OperationsPt I, VI
EmployeesI 58
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 FY20End FY20
Cash and savingsLn 1–2$5K$13K
Land, buildings, equipmentLn 10c$20K
Total assetsLn 16$791K$855K
LiabilitiesLn 26$0$6K
Net assetsLn 32$791K$850K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$74K$66K$7K
Payroll taxesLn 10$7K$6K$659
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$48$48
Office expensesLn 13$52K$52K
Information technologyLn 14$11K$11K
OccupancyLn 16$13K$13K
TravelLn 17$466$466
InterestLn 20$15$15
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$22K$22K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$199K$183K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $250K$207K$42K$1.7M 990 PDF
FY2024 $248K$225K$23K$1.7M 990 PDF
FY2023 $264K$260K$4K$1.6M 990 PDF
FY2022 $999K$242K$757K$1.6M 990 PDF
FY2021 $266K$232K$34K$884K 990 PDF
FY2020 Viewing $257K$199K$58K$850K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $257,185 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,200$118,621
I-9 Program service revenue$138,561
I-10 Investment incomePrior year $3$3
I-11 Other revenue$0
I-12 Total revenuePrior year $86,203$257,185
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,439$80,316
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,994$118,529
I-18 Total expensesPrior year $5,433$198,845
I-19 Revenue less expensesPrior year $80,770$58,340
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $257,185 across 7 lines filed
VIII-1e Government grants$14,205
VIII-1f All other contributions, gifts and grants$104,416
VIII-1g Noncash contributions (included above)$54,579
VIII-1h Total contributions, gifts and grants$118,621
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $138,561$138,561
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $138,561 · Excluded from tax $3$257,185
Part IX · Statement of functional expenses $198,845 across 15 lines filed
IX-7 Other salaries and wagesPrograms $66,373 · Management $7,261$73,634
IX-10 Payroll taxesPrograms $6,023 · Management $659$6,682
IX-11b Legal feesManagement $5,586$5,586
IX-11c Accounting feesManagement $2,680$2,680
IX-11g Other fees for servicesPrograms $3,921$3,921
IX-12 Advertising and promotionPrograms $48$48
IX-13 Office expensesPrograms $51,882$51,882
IX-14 Information technologyPrograms $11,356$11,356
IX-16 OccupancyPrograms $12,519$12,519
IX-17 TravelPrograms $466$466
IX-20 InterestPrograms $15$15
IX-22 Depreciation, depletion and amortizationPrograms $3,682$3,682
IX-23 InsurancePrograms $3,659$3,659
IX-24 Other expenses (24a–d)Programs $21,581$21,581
IX-24e All other expensesPrograms $1,134$1,134
IX-25 Total functional expensesPrograms $182,659 · Management $16,186 · Fundraising $0$198,845
Part X · Balance sheet $855,403 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,769$2,838
X-2 Savings and temporary cash investmentsStart of year $3,100$10,003
X-4 Accounts receivable$4,675
X-8 Inventories for sale or use$170
X-10c Land, buildings and equipment, net$20,198
X-15 Other assetsStart of year $786,550$817,519
X-16 Total assetsStart of year $791,419$855,403
X-17 Accounts payable and accrued expenses$3,516
X-25 Other liabilities$2,128
X-26 Total liabilitiesStart of year $0$5,644
X-27 Net assets without donor restrictionsStart of year $791,419$849,759
X-32 Total net assets or fund balancesStart of year $791,419$849,759
X-33 Total liabilities and net assetsStart of year $791,419$855,403
Part XI · Reconciliation of net assets $849,759 net assets at year end
XI-1 Total revenue$257,185
XI-2 Total expenses$198,845
XI-3 Revenue less expenses$58,340
XI-4 Net assets at start of year$791,419
XI-10 Net assets at end of year$849,759

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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