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Lcb INC FY2022 filing

Tax-deductible

Dyer, IN501(c)(3)Since 1995Recreation & SportsEIN 35-1957411

The organization instructs children in the sport of competitve swimming, specifically safe swimming habits, proper techinques and racing strategies.

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

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 5
filings with a surplus
Average deficit $4K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 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
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$322K
+40% vs prior year
Spent
$293K
To programs
100%
Net assets
$94K
By yearFY2020–FY2024
Revenue
$322K
FY2022▲ +40%
Revenue by fiscal year
FY2020$206K
FY2021$231K
FY2022$322K
FY2023$306K
FY2024$316K
FY2024$369K
Expenses
$293K
FY2022▲ +23%
Expenses by fiscal year
FY2020$225K
FY2021$238K
FY2022$293K
FY2023$289K
FY2024$356K
FY2024$382K
Net assets
$94K
FY2022▲ +44%
Net assets by fiscal year
FY2020$72K
FY2021$65K
FY2022$94K
FY2023$111K
FY2024$71K
FY2024$59K

From the FY2022 Form 990 (year ending September 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 Nov 1995.

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% · $293K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Kelly Campbell
Vice President
$0Pt VII · Sec A
Gina Fezler
Treasurer
$0Pt VII · Sec A
Sara Reese
Secretary
$0Pt VII · Sec A
See Lcb 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

Teaches children competitive swimming, focusing on safety, technique, and racing.

Provided by the organization

This section is blank until Lcb INC claims this page.

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1 program service account for $293K of program spending, described in the organization's own filed words · FY2021.
01

The organization instructs children in the sport of competitive swimming specifically safe swimming habits, proper techniques and racing strategies.

$293Kprogram 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 · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$26
Total grants receivedfrom 1 funder$26

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$322K
Ln 12
Fees for servicesLn 2g$273K
Gifts and grantsLn 1h$48K
Investment incomeLn 3$1K
Money outPt IX
$293K
Ln 25
Programscol B$293K
Owns and owesPt X
$94K
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$121K
LiabilitiesLn 26$27K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$48K
Fees for servicesLn 2g$273K
Investment incomeLn 3$1K
Other incomeLn 4–11$73
Total revenueLn 12$322K
Assets in detailPt X, end of year
CashLn 1$120K
Cash and savings togetherLn 1–2$120K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$121K
LiabilitiesLn 26$27K
Net assetsLn 32$94K
OperationsPt I, VI
EmployeesI 517
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY22End FY22
Cash and savingsLn 1–2$125K$120K
Land, buildings, equipmentLn 10c$4K$1K
Total assetsLn 16$129K$121K
LiabilitiesLn 26$64K$27K
Net assetsLn 32$65K$94K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$134K$134K
Payroll taxesLn 10$10K$10K
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$141K$141K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$293K$293K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $316K$356K−$40K$71K 990 PDF
FY2023 $306K$289K$17K$111K 990 PDF
FY2022 Viewing $322K$293K$29K$94K 990 PDF
FY2021 $231K$238K−$7K$65K 990 PDF
FY2020 $206K$225K−$19K$72K 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 $322,083 across 6 lines filed
Lines not itemized here account for $31,896 of total revenue; see the IRS return.
VIII-1e Government grants$47,547
VIII-1h Total contributions, gifts and grants$47,547
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $241,518$241,518
VIII-3 Investment incomeRelated to mission $1,049$1,049
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $73$73
VIII-12 Total revenueRelated to mission $274,536 · Unrelated business $0 · Excluded from tax $0$322,083
Part IX · Statement of functional expenses $293,334 across 6 lines filed
IX-7 Other salaries and wagesPrograms $133,566$133,566
IX-10 Payroll taxesPrograms $10,472$10,472
IX-13 Office expensesPrograms $1,555$1,555
IX-22 Depreciation, depletion and amortizationPrograms $2,865$2,865
IX-24 Other expenses (24a–d)Programs $141,142$141,142
IX-24e All other expensesPrograms $3,734$3,734
IX-25 Total functional expensesPrograms $293,334 · Management $0 · Fundraising $0$293,334
Part X · Balance sheet $121,014 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $125,452$119,581
X-4 Accounts receivableStart of year −$959$0
X-10c Land, buildings and equipment, netStart of year $4,298$1,433
X-16 Total assetsStart of year $128,791$121,014
X-17 Accounts payable and accrued expenses$226
X-19 Deferred revenueStart of year $38,800$26,923
X-25 Other liabilitiesStart of year $24,875$0
X-26 Total liabilitiesStart of year $63,675$27,149
X-27 Net assets without donor restrictionsStart of year $65,116$93,865
X-32 Total net assets or fund balancesStart of year $65,116$93,865
X-33 Total liabilities and net assetsStart of year $128,791$121,014
Part XI · Reconciliation of net assets $93,865 net assets at year end
XI-1 Total revenue$322,083
XI-2 Total expenses$293,334
XI-3 Revenue less expenses$28,749
XI-4 Net assets at start of year$65,116
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$93,865

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

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