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Lehman Foundation FY2024 filing

Tax-deductible

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

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

FY2024 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.8 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
$25K
0.8% 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
$150K
-77% vs prior year
Spent
$159K
To programs
86%
Net assets
$3.1M
By yearFY2021–FY2024
Revenue
$150K
FY2024▼ -77%
Revenue by fiscal year
FY2021$316K
FY2022$183K
FY2023$651K
FY2024$150K
FY2024$296K
Expenses
$159K
FY2024▲ +118%
Expenses by fiscal year
FY2021$174K
FY2022$348K
FY2023$73K
FY2024$159K
FY2024$127K
Net assets
$3.1M
FY2024▲ +12%
Net assets by fiscal year
FY2021$3.1M
FY2022$2.5M
FY2023$2.8M
FY2024$3.1M
FY2024$3.6M

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

86 cents of each dollar spent went to programs.

Program services 86% · $137K Management & general 14% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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

This section is blank until Lehman Foundation claims this page.

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2 program services account for $137K of program spending, described in the organization's own filed words · FY2023.
01

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.

$73Kprogram expense
02

Development expenses incurred by lehman high school

$64Kprogram expense

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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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$150K
Ln 12
Investment incomeLn 3$91K
Gifts and grantsLn 1h$59K
Money outPt IX
$159K
Ln 25
Programscol B$137K
Managementcol C$22K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$303K
Total assetsLn 16$3.1M
LiabilitiesLn 26$25K
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$59K
Noncash giftsLn 1g$11K
Investment incomeLn 3$91K
Gains on assetsLn 7$43K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$285K
Cash and savings togetherLn 1–2$303K
InvestmentsLn 11–13$2.6M
Total assetsLn 16$3.1M
LiabilitiesLn 26$25K
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 FY24End FY24
Cash and savingsLn 1–2$77K$303K
InvestmentsLn 11–13$2.6M$2.6M
Total assetsLn 16$2.8M$3.1M
LiabilitiesLn 26$0$25K
Net assetsLn 32$2.8M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$64K$64K
Grants to domestic individualsLn 2$73K$73K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$16K$16K
InsuranceLn 23$711$711
Other expenses (24a–d)Ln 24$625$625
Total functional expensesLn 25$159K$137K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $150K$159K−$9K$3.1M 990 PDF
FY2023 $651K$73K$578K$2.8M 990 PDF
FY2022 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $150,066 across 6 lines filed
VIII-1f All other contributions, gifts and grants$58,701
VIII-1g Noncash contributions (included above)$10,769
VIII-1h Total contributions, gifts and grants$58,701
VIII-3 Investment incomeRelated to mission $48,360$48,360
VIII-7 Net gain or loss on sales of assetsRelated to mission $43,005$43,005
VIII-12 Total revenueRelated to mission $91,365$150,066
Part IX · Statement of functional expenses $159,053 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $64,176$64,176
IX-2 Grants to domestic individualsPrograms $73,250$73,250
IX-11c Accounting feesManagement $4,000$4,000
IX-11f Investment management feesManagement $16,291$16,291
IX-23 InsuranceManagement $711$711
IX-24 Other expenses (24a–d)Management $625$625
IX-25 Total functional expensesPrograms $137,426 · Management $21,627 · Fundraising $0$159,053
Part X · Balance sheet $3,138,563 assets, 10 lines filed
Asset lines not itemized here account for $273,475; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $35,565$17,483
X-2 Savings and temporary cash investmentsStart of year $41,265$285,221
X-11 Publicly traded securitiesStart of year $2,586,352$2,562,384
X-16 Total assetsStart of year $2,790,680$3,138,563
X-25 Other liabilities$25,000
X-26 Total liabilitiesStart of year $0$25,000
X-27 Net assets without donor restrictionsStart of year $209,076$467,160
X-28 Net assets with donor restrictionsStart of year $2,581,604$2,646,403
X-32 Total net assets or fund balancesStart of year $2,790,680$3,113,563
X-33 Total liabilities and net assetsStart of year $2,790,680$3,138,563
Part XI · Reconciliation of net assets $3,113,563 net assets at year end
XI-1 Total revenue$150,066
XI-2 Total expenses$159,053
XI-3 Revenue less expenses−$8,987
XI-4 Net assets at start of year$2,790,680
XI-5 Net unrealized gains (losses) on investments$331,870
XI-10 Net assets at end of year$3,113,563

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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