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Lehman Foundation FY2021 filing

Tax-deductible

Sidney, OH501(c)(3)Since 1974Education EIN 31-0928867Revenue $316K in FY2021Latest return filed May 15, 2026

On file with the IRSlehmancatholic.com2400 Saint Marys Ave, 45365-9396 · Sidney, OHTax-exempt since Jul 1979Publicly supported — 509(a)(2)

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Lehman high school Foundation supports the students and the Lehman community through engagement and development to secure the school's financial future.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
3 of 5
filings with a surplus
Average surplus $143K a year · 45% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $3.1M in investments, Pt X · Ln 11–13
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$316K
Spent
$174K
To programs
86%
Net assets
$3.1M
By yearFY2021–FY2025
Revenue
$316K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$316K
FY2022$183K
FY2023$651K
FY2024$150K
FY2025$296K
Expenses
$174K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$174K
FY2022$348K
FY2023$73K
FY2024$159K
FY2025$127K
Net assets
$3.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.1M
FY2022$2.5M
FY2023$2.8M
FY2024$3.1M
FY2025$3.6M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Jul 1979.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $150K Management & general 14% · $24K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Larry Elsner
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Freytag
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Hemm
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lehman Foundation 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 15aNo

Programs and updates

Supports students and community through engagement and development for the school's financial future.

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2 programs · $150K · in their own filed words · FY2020
01

Development expenses incurred by lehman high school

$120Kprogram expense
02

Scholarships are granted to economically disadvantaged students attending lehman high school. Participating students submit applications annually which are processed and evaluated by a third-party evaluation service. Qualifying applications are then reviewed and approved by the fund's administrator for final scholarship participation.

$30Kprogram 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 · FY2021
Paypal Charitable Giving FundFY2021$17K
Total grants receivedfrom 1 funder$17K
Grants paid · 10 grants · $771K · 2020–2024
Lehman High SchoolFY2024$62,936
Unitemized GrantFY2024$42,600
Unitemized GrantFY2023$73,250
Lehman High SchoolFY2023$64,176
Unitemized GrantFY2022$32,940
Lehman High SchoolFY2022$18,617
Lehman High SchoolFY2021$286,989
Unitemized GrantFY2021$39,000
Lehman High SchoolFY2020$120,055
Unitemized GrantFY2020$30,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$316K
Ln 12
Investment incomeLn 3$259K
Gifts and grantsLn 1h$57K
Money outPt IX
$174K
Ln 25
Programscol B$150K
Managementcol C$24K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$3.1M
LiabilitiesLn 26$7K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Noncash giftsLn 1g$3K
Investment incomeLn 3$259K
Gains on assetsLn 7$156K
Total revenueLn 12$316K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
InvestmentsLn 11–13$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$7K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$22K$22K
InvestmentsLn 11–13$2.6M$3.1M
Total assetsLn 16$2.7M$3.1M
LiabilitiesLn 26$27K$7K
Net assetsLn 32$2.6M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120K$120K
Grants to domestic individualsLn 2$30K$30K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$19K$19K
InsuranceLn 23$939$939
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$174K$150K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $296K$127K$170K$3.6M 990 PDF
FY2024Filed with the IRS May 15, 2025 $150K$159K−$9K$3.1M 990 PDF
FY2023Filed with the IRS Apr 30, 2024 $651K$73K$578K$2.8M 990 PDF
FY2022Filed with the IRS May 15, 2023 $183K$348K−$165K$2.5M 990 PDF
FY2021 ViewingFiled with the IRS Jul 13, 2022 $316K$174K$142K$3.1M 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 FY2021 990 (6 parts)
Part I · Summary $315,708 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,760$57,158
I-9 Program service revenue$0
I-10 Investment incomePrior year $22,104$258,550
I-11 Other revenuePrior year −$13,259$0
I-12 Total revenuePrior year $134,605$315,708
I-13 Grants and similar amounts paidPrior year $176,362$150,055
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $19,235$23,709
I-18 Total expensesPrior year $195,597$173,764
I-19 Revenue less expensesPrior year −$60,992$141,944
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $315,708 across 6 lines filed
VIII-1f All other contributions, gifts and grants$57,158
VIII-1g Noncash contributions (included above)$3,325
VIII-1h Total contributions, gifts and grants$57,158
VIII-3 Investment incomeRelated to mission $102,833$102,833
VIII-7 Net gain or loss on sales of assetsRelated to mission $155,717$155,717
VIII-12 Total revenueRelated to mission $258,550$315,708
Part IX · Statement of functional expenses $173,764 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $120,055$120,055
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-11c Accounting feesManagement $2,300$2,300
IX-11f Investment management feesManagement $19,332$19,332
IX-23 InsuranceManagement $939$939
IX-24 Other expenses (24a–d)Management $1,138$1,138
IX-25 Total functional expensesPrograms $150,055 · Management $23,709 · Fundraising $0$173,764
Part X · Balance sheet $3,140,050 assets, 9 lines filed
Asset lines not itemized here account for $17,290; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $21,999$22,360
X-11 Publicly traded securitiesStart of year $2,595,194$3,100,400
X-16 Total assetsStart of year $2,652,027$3,140,050
X-17 Accounts payable and accrued expensesStart of year $26,997$6,999
X-26 Total liabilitiesStart of year $26,997$6,999
X-27 Net assets without donor restrictionsStart of year $485,903$509,297
X-28 Net assets with donor restrictionsStart of year $2,139,127$2,623,754
X-32 Total net assets or fund balancesStart of year $2,625,030$3,133,051
X-33 Total liabilities and net assetsStart of year $2,652,027$3,140,050
Part XI · Reconciliation of net assets $3,133,051 net assets at year end
XI-1 Total revenue$315,708
XI-2 Total expenses$173,764
XI-3 Revenue less expenses$141,944
XI-4 Net assets at start of year$2,625,030
XI-5 Net unrealized gains (losses) on investments$366,077
XI-10 Net assets at end of year$3,133,051

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

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