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Lehman Foundation FY2022 filing

Tax-deductible

Sidney, OH501(c)(3)Since 1974EducationEIN 31-0928867

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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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
2 of 4
filings with a surplus
Average surplus $136K a year · 42% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
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
$26K
1% of total assets
Looks good: liabilities are 1% 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
$183K
-42% vs prior year
Spent
$348K
To programs
94%
Net assets
$2.5M
By yearFY2021–FY2024
Revenue
$183K
FY2022▼ -42%
Revenue by fiscal year
FY2021$316K
FY2022$183K
FY2023$651K
FY2024$150K
FY2024$296K
Expenses
$348K
FY2022▲ +100%
Expenses by fiscal year
FY2021$174K
FY2022$348K
FY2023$73K
FY2024$159K
FY2024$127K
Net assets
$2.5M
FY2022▼ -19%
Net assets by fiscal year
FY2021$3.1M
FY2022$2.5M
FY2023$2.8M
FY2024$3.1M
FY2024$3.6M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 Jul 1979.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $326K Management & general 6% · $22K

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 (FY2021); the FY2022 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 →

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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

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

Provided by the organization

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2 programs · $326K · in their own filed words · FY2021
01

Development expenses incurred by lehman high school

$287Kprogram 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.

$39Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$183K
Ln 12
Investment incomeLn 3$112K
Gifts and grantsLn 1h$71K
Money outPt IX
$348K
Ln 25
Programscol B$326K
Managementcol C$22K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$2.6M
LiabilitiesLn 26$26K
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$71K
Noncash giftsLn 1g$7K
Investment incomeLn 3$112K
Gains on assetsLn 7$77K
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$141K
Cash and savings togetherLn 1–2$155K
InvestmentsLn 11–13$2.4M
Total assetsLn 16$2.6M
LiabilitiesLn 26$26K
Net assetsLn 32$2.5M
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 FY22End FY22
Cash and savingsLn 1–2$22K$155K
InvestmentsLn 11–13$3.1M$2.4M
Total assetsLn 16$3.1M$2.6M
LiabilitiesLn 26$7K$26K
Net assetsLn 32$3.1M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$287K$287K
Grants to domestic individualsLn 2$39K$39K
Investment management feesLn 11f$21K$21K
InsuranceLn 23$711$711
Other expenses (24a–d)Ln 24$636$636
Total functional expensesLn 25$348K$326K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $150K$159K−$9K$3.1M 990 PDF
FY2023 $651K$73K$578K$2.8M 990 PDF
FY2022 Viewing $183K$348K−$165K$2.5M 990 PDF
FY2021 $316K$174K$142K$3.1M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $182,915 across 6 lines filed
VIII-1f All other contributions, gifts and grants$70,906
VIII-1g Noncash contributions (included above)$6,575
VIII-1h Total contributions, gifts and grants$70,906
VIII-3 Investment incomeRelated to mission $34,537$34,537
VIII-7 Net gain or loss on sales of assetsRelated to mission $77,472$77,472
VIII-12 Total revenueRelated to mission $112,009$182,915
Part IX · Statement of functional expenses $348,122 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $286,989$286,989
IX-2 Grants to domestic individualsPrograms $39,000$39,000
IX-11f Investment management feesManagement $20,786$20,786
IX-23 InsuranceManagement $711$711
IX-24 Other expenses (24a–d)Management $636$636
IX-25 Total functional expensesPrograms $325,989 · Management $22,133 · Fundraising $0$348,122
Part X · Balance sheet $2,559,508 assets, 10 lines filed
Asset lines not itemized here account for $12,186; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $22,360$14,471
X-2 Savings and temporary cash investments$140,512
X-11 Publicly traded securitiesStart of year $3,100,400$2,392,339
X-16 Total assetsStart of year $3,140,050$2,559,508
X-17 Accounts payable and accrued expensesStart of year $6,999$26,001
X-26 Total liabilitiesStart of year $6,999$26,001
X-27 Net assets without donor restrictionsStart of year $509,297$332,108
X-28 Net assets with donor restrictionsStart of year $2,623,754$2,201,399
X-32 Total net assets or fund balancesStart of year $3,133,051$2,533,507
X-33 Total liabilities and net assetsStart of year $3,140,050$2,559,508
Part XI · Reconciliation of net assets $2,533,507 net assets at year end
XI-1 Total revenue$182,915
XI-2 Total expenses$348,122
XI-3 Revenue less expenses−$165,207
XI-4 Net assets at start of year$3,133,051
XI-5 Net unrealized gains (losses) on investments−$434,337
XI-10 Net assets at end of year$2,533,507

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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