philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Lenox Community Trust FY2020 filing

Tax-deductible

Lenox, IA501(c)(3) EIN 42-1211934Revenue $140K in FY2020

On file with the IRS117 N Main St, 50851-1237 · Lenox, IATax-exempt since Jun 1984Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Community service by providing a vehicle in which people can make a tax deductable donations to support the town, students and various project that are not normally funded by public sources.

501(c)(3) charity; gifts are tax-deductible.
99¢ 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
4 of 5
filings with a surplus
Average surplus $20K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
101 mo
of spending, in cash
Looks good: 101.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
Spent
$89K
To programs
99%
Net assets
$750K
By yearFY2020–FY2024
Revenue
$140K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$140K
FY2021$123K
FY2022$72K
FY2023$114K
FY2024$102K
Expenses
$89K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$89K
FY2021$51K
FY2022$171K
FY2023$86K
FY2024$54K
Net assets
$750K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$750K
FY2021$822K
FY2022$723K
FY2023$751K
FY2024$798K

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 Jun 1984.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $88K Management & general 1% · $910

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Nicki Trost
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lenox Community Trust executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Facilitates tax-deductible donations for community projects, students, and town support.

Questions for Lenox Community Trust

Tap to ask. Lenox Community Trust sees how many people are interested.

Your first name shows with your question. Lenox Community Trust answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $88K · in their own filed words · FY2020
01

Grants for high school seniors grants for town projects expenses to promote and expand the construction of a walking trailexpenses to promote and start purchase and remodel of nonprofit daycare

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $88K · 2020–2020
Unitemized GrantFY2020$63,053
Unitemized GrantFY2020$25,029

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Gifts and grantsLn 1h$108K
Investment incomeLn 3$33K
Money outPt IX
$89K
Ln 25
Programscol B$88K
Managementcol C$910
Owns and owesPt X
$750K
net assets · Ln 32
Cash and savingsLn 1–2$750K
Total assetsLn 16$750K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Investment incomeLn 3$33K
Total revenueLn 12$140K
Assets in detailPt X, end of year
SavingsLn 2$750K
Cash and savings togetherLn 1–2$750K
Total assetsLn 16$750K
LiabilitiesLn 26$0
Net assetsLn 32$750K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$694K$750K
Total assetsLn 16$699K$750K
LiabilitiesLn 26$0$0
Net assetsLn 32$699K$750K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$88K$88K
Accounting feesLn 11c$910$910
Total functional expensesLn 25$89K$88K$910$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $102K$54K$47K$798K 990 PDF
FY2023 $114K$86K$28K$751K 990 PDF
FY2022 $72K$171K−$99K$723K 990 PDF
FY2021 $123K$51K$72K$822K 990 PDF
FY2020 Viewing $140K$89K$51K$750K 990 PDF

More to add? Claim this org

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 $140,419 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $172,078$107,563
I-9 Program service revenue$0
I-10 Investment incomePrior year $73,266$32,856
I-11 Other revenue$0
I-12 Total revenuePrior year $245,344$140,419
I-13 Grants and similar amounts paidPrior year $168,493$88,081
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $900$910
I-18 Total expensesPrior year $169,393$88,991
I-19 Revenue less expensesPrior year $75,951$51,428
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $140,419 across 4 lines filed
VIII-1f All other contributions, gifts and grants$107,563
VIII-1h Total contributions, gifts and grants$107,563
VIII-3 Investment incomeRelated to mission $32,856$32,856
VIII-12 Total revenueRelated to mission $32,856 · Unrelated business $0 · Excluded from tax $0$140,419
Part IX · Statement of functional expenses $88,991 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $88,081$88,081
IX-11c Accounting feesManagement $910$910
IX-25 Total functional expensesPrograms $88,081 · Management $910 · Fundraising $0$88,991
Part X · Balance sheet $749,979 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $694,463$749,979
X-16 Total assetsStart of year $698,551$749,979
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $698,551$749,979
X-33 Total liabilities and net assetsStart of year $698,551$749,979
Part XI · Reconciliation of net assets $749,979 net assets at year end
XI-1 Total revenue$140,419
XI-2 Total expenses$88,991
XI-3 Revenue less expenses$51,428
XI-4 Net assets at start of year$698,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$749,979

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.