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Lsp Corporation FY2020 filing

Tax-deductible

Dunkirk, NY501(c)(3) EIN 22-2827314Revenue $5K in FY2020Latest return filed Nov 17, 2025

On file with the IRSDunkirk, NYTax-exempt since Oct 1988Supporting organization — 509(a)(3)

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Providing space for healthcare in a rural area

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $72K a year · 7693% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% 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: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$647K
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 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
$5K
Spent
$78K
To programs
100%
Net assets
−$11K
By yearFY2020–FY2024
Revenue
$5K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5K
FY2021$0
FY2022$0
FY2023$141
FY2024$0
Expenses
$78K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$78K
FY2021$73K
FY2022$72K
FY2023$70K
FY2024$69K
Net assets
−$11K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$11K
FY2021−$85K
FY2022−$157K
FY2023−$227K
FY2024−$297K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1988.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $78K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
James Wild MD
Chairman Elect
$0Pt VII · Sec A
Louis Dipalma
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Burr
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lsp Corporation executive salaries →

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 15aYes

Programs and updates

Offers healthcare services and facilities in a rural community.

Questions for Lsp Corporation

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1 program · $78K · in their own filed words · FY2020
01

Providing space for healthcare in rural area

$78Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5K
Ln 12
Other incomeLn 4–11$5K
Money outPt IX
$78K
Ln 25
Programscol B$78K
Owns and owesPt X
−$11K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$635K
LiabilitiesLn 26$647K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$5K
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Accounts receivableLn 4$34K
Prepaid expenses and deferred chargesLn 9$240
Land, buildings, equipmentLn 10c$596K
Total assetsLn 16$635K
LiabilitiesLn 26$647K
Net assetsLn 32−$11K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4K$6K
Land, buildings, equipmentLn 10c$630K$596K
Total assetsLn 16$667K$635K
LiabilitiesLn 26$604K$647K
Net assetsLn 32$62K−$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$35K$35K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$34K$34K
Total functional expensesLn 25$78K$78K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $0$69K−$69K−$297K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $141$70K−$70K−$227K 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $0$72K−$72K−$157K 990 PDF
FY2021Filed with the IRS Oct 31, 2022 $0$73K−$73K−$85K 990 PDF
FY2020 ViewingFiled with the IRS Nov 12, 2021 $5K$78K−$74K−$11K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,524 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $44,388$4,524
I-12 Total revenuePrior year $44,388$4,524
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,597$78,135
I-18 Total expensesPrior year $79,597$78,135
I-19 Revenue less expensesPrior year −$35,209−$73,611
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,524 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission $4,524$4,524
VIII-12 Total revenueRelated to mission $4,524 · Unrelated business $0 · Excluded from tax $0$4,524
Part IX · Statement of functional expenses $78,135 across 3 lines filed
IX-16 OccupancyPrograms $35,156$35,156
IX-20 InterestPrograms $8,536$8,536
IX-22 Depreciation, depletion and amortizationPrograms $34,443$34,443
IX-25 Total functional expensesPrograms $78,135 · Management $0 · Fundraising $0$78,135
Part X · Balance sheet $635,349 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,145$5,658
X-4 Accounts receivableStart of year $32,140$33,663
X-9 Prepaid expenses and deferred charges$240
X-10c Land, buildings and equipment, netStart of year $630,231$595,788
X-16 Total assetsStart of year $666,516$635,349
X-17 Accounts payable and accrued expensesStart of year $297,726$388,226
X-23 Secured mortgages and notes payableStart of year $306,454$258,398
X-26 Total liabilitiesStart of year $604,180$646,624
X-27 Net assets without donor restrictionsStart of year $62,336−$11,275
X-32 Total net assets or fund balancesStart of year $62,336−$11,275
X-33 Total liabilities and net assetsStart of year $666,516$635,349
Part XI · Reconciliation of net assets −$11,275 net assets at year end
XI-1 Total revenue$4,524
XI-2 Total expenses$78,135
XI-3 Revenue less expenses−$73,611
XI-4 Net assets at start of year$62,336
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$11,275

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

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