Lovejoy Leopards INC

Tax-deductible

Allen, TX501(c)(3)Since 2005Recreation & SportsEIN 20-5361354Revenue $773K in FY2025

On file with the IRSlovejoyathletics.com2350 Estates Pkwy, 75002-8014 · Allen, TXTax-exempt since Jun 2007Publicly supported — 509(a)(2)

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Promotion & support of youth athletics.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 275 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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 surplus $37K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $463
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$773K
-10% vs prior year
Spent
$784K
To programs
83%
Net assets
$445K
By yearFY2020–FY2025
Revenue
$773K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$570K
FY2021$559K
FY2022$916K
FY2024$858K
FY2025$773K
Expenses
$784K
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$485K
FY2021$558K
FY2022$889K
FY2024$773K
FY2025$784K
Net assets
$445K
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$339K
FY2021$340K
FY2022$367K
FY2024$457K
FY2025$445K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

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

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $650K Management & general 11% · $87K Fundraising 6% · $48K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lovejoy Leopards 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

Promotes and supports youth athletics.

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Provided by the organization

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1 program · $650K · in their own filed words · FY2024
01

Promotion and support of youth athletics of Lovejoy Middle School and Lovejoy High School. The organization provided financial support for athletic programs, team activities, tournaments, equipment, uniforms, travel, meals, scholarships, and related student-athlete support.

$650Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$463
Grants paid · 11 grants · $298K · 2019–2024
Individual RecipientFY2024$20,000
Unitemized GrantFY2024$18,025
Lovejoy Isd Athletic DeptFY2021$58,337
Unitemized GrantFY2021$44,800
Cornerstone Ministries INCTX · FY2021$6,500
Unitemized GrantFY2020$37,808
Lovejoy Isd Athletic DeptFY2020$12,000
Cornerstone Ministries INCTX · FY2020$5,543
Lovejoy IsdFY2019$59,621
Unitemized GrantFY2019$34,996
Unitemized GrantFY2019$110

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$773K
Ln 12
Gifts and grantsLn 1h$605K
Fees for servicesLn 2g$157K
Other incomeLn 4–11$12K
Money outPt IX
$784K
Ln 25
Programscol B$650K
Managementcol C$87K
Fundraisingcol D$48K
Owns and owesPt X
$445K
net assets · Ln 32
Cash and savingsLn 1–2$416K
Total assetsLn 16$445K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$605K
Fundraising eventsLn 1c$89K
Fees for servicesLn 2g$157K
Investment incomeLn 3$13
Other incomeLn 4–11$12K
Total revenueLn 12$773K
Assets in detailPt X, end of year
CashLn 1$416K
Cash and savings togetherLn 1–2$416K
Total assetsLn 16$445K
LiabilitiesLn 26$0
Net assetsLn 32$445K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6275
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$456K$416K
Total assetsLn 16$457K$445K
LiabilitiesLn 26$0$0
Net assetsLn 32$457K$445K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$169K$169K
Grants to domestic individualsLn 2$16K$16K
Benefits paid to or for membersLn 4$339$339
Other fees for servicesLn 11g$558$558
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$6K$6K
Information technologyLn 14$10K$10K
TravelLn 17$39K$39K
Conferences, conventions and meetingsLn 19$40K$40K
Payments to affiliatesLn 21$788$788
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$487K$385K$66K$37K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$784K$650K$87K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $773K$784K−$11K$445K 990 PDF
FY2024 $858K$773K$85K$457K 990 PDF
FY2023 Not on file
FY2022 $916K$889K$27K$367K 990 PDF
FY2021 $559K$558K$1K$340K 990 PDF
FY2020 $570K$485K$84K$339K 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 FY2025 990 (6 parts)
Part I · Summary $772,940 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $370,775$604,717
I-9 Program service revenuePrior year $168,210$156,563
I-10 Investment incomePrior year $13$13
I-11 Other revenue$11,647
I-12 Total revenuePrior year $538,998$772,940
I-13 Grants and similar amounts paidPrior year $185,138$184,798
I-14 Benefits paid to members$339
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $632,281$599,105
I-18 Total expensesPrior year $817,419$784,242
I-19 Revenue less expensesPrior year −$278,421−$11,302
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $772,940 across 9 lines filed
VIII-1b Membership dues$72,630
VIII-1c Fundraising events$89,319
VIII-1f All other contributions, gifts and grants$442,768
VIII-1h Total contributions, gifts and grants$604,717
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,563$156,563
VIII-3 Investment incomeRelated to mission $13$13
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,647$11,647
VIII-12 Total revenueRelated to mission $168,223 · Unrelated business $0 · Excluded from tax $0$772,940
Part IX · Statement of functional expenses $784,242 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $168,848$168,848
IX-2 Grants to domestic individualsPrograms $15,950$15,950
IX-4 Benefits paid to or for membersPrograms $339$339
IX-11g Other fees for servicesPrograms $558$558
IX-12 Advertising and promotionFundraising $10,078$10,078
IX-13 Office expensesManagement $5,629$5,629
IX-14 Information technologyManagement $9,525$9,525
IX-17 TravelPrograms $39,130$39,130
IX-19 Conferences, conventions and meetingsPrograms $40,182$40,182
IX-21 Payments to affiliatesFundraising $788$788
IX-23 InsuranceManagement $2,264$2,264
IX-24 Other expenses (24a–d)Programs $384,983 · Management $65,639 · Fundraising $36,697$487,319
IX-24e All other expensesManagement $3,632$3,632
IX-25 Total functional expensesPrograms $649,990 · Management $86,689 · Fundraising $47,563$784,242
Part X · Balance sheet $445,248 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $455,984$415,793
X-4 Accounts receivableStart of year $360$360
X-8 Inventories for sale or useStart of year $206$29,095
X-16 Total assetsStart of year $456,550$445,248
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $456,550$445,248
X-32 Total net assets or fund balancesStart of year $456,550$445,248
X-33 Total liabilities and net assetsStart of year $456,550$445,248
Part XI · Reconciliation of net assets $445,248 net assets at year end
XI-1 Total revenue$772,940
XI-2 Total expenses$784,242
XI-3 Revenue less expenses−$11,302
XI-4 Net assets at start of year$456,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$445,248

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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