Le Mars Community School District Foundation

Tax-deductible

Le Mars, IA501(c)(3)Since 1992Foundations & GrantmakersEIN 42-1386147Revenue $233K in FY2025

On file with the IRS921 3rd Ave Sw, 51031-2261 · Le Mars, IATax-exempt since Jun 1992Publicly supported charity — 170(b)(1)(A)(vi)

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The foundation's purpose is to provide scholarships to high School students for college, as well as other financial support to lemars Community School.

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

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $298K a year · 41% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 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
132 mo
of spending, in cash
Looks good: 131.6 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
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$233K
-20% vs prior year
Spent
$189K
To programs
100%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$233K
FY2025▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$576K
FY2022$635K
FY2023$1.2M
FY2024$293K
FY2025$233K
Expenses
$189K
FY2025▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$480K
FY2021$1.0M
FY2022$546K
FY2023$170K
FY2024$135K
FY2025$189K
Net assets
$2.1M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$839K
FY2022$915K
FY2023$1.9M
FY2024$2.1M
FY2025$2.1M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1992.

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% · $189K

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

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Le Mars Community School District 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

Awards scholarships to high school students for college and supports the local school.

Questions for Le Mars Community School District Foundation

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Provided by the organization

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1 program · $189K · in their own filed words · FY2025
01

It is the intent of the foundation to raise money for the purpose of providing scholarships to high school students for college.

$189Kprogram 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 · 20 grants · $2.5M · 2020–2025
Unitemized GrantFY2025$169,642
Le Mars Community School DistrictFY2025$10,000
Unitemized GrantFY2025$1,001
Unitemized GrantFY2024$106,525
Le Mars Community School DistrictFY2024$20,000
Unitemized GrantFY2024$988
Unitemized GrantFY2023$87,380
Le Mars Community School DistrictFY2023$46,500
Le Mars Community School DistrictFY2023$10,000
Le Mars Community School DistrictFY2023$9,994
Le Mars Community School DistrictFY2023$7,500
Unitemized GrantFY2023$1,025
Le Mars Community School DistrictFY2022$460,000
Unitemized GrantFY2022$77,050
Unitemized GrantFY2022$500
Le Mars Community School DistrictFY2021$955,520
Unitemized GrantFY2021$81,125
Unitemized GrantFY2021$1,000
See all 20 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$233K
Ln 12
Gifts and grantsLn 1h$130K
Investment incomeLn 3$100K
Other incomeLn 4–11$3K
Money outPt IX
$189K
Ln 25
Programscol B$189K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Investment incomeLn 3$100K
Other incomeLn 4–11$3K
Gains on assetsLn 7$2K
Total revenueLn 12$233K
Assets in detailPt X, end of year
CashLn 1$88K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$75K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.0M$2.1M
InvestmentsLn 11–13$66K$75K
Total assetsLn 16$2.1M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.1M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Grants to domestic individualsLn 2$171K$171K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$222$222
Total functional expensesLn 25$189K$189K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $233K$189K$44K$2.1M 990 PDF
FY2024 $293K$135K$157K$2.1M 990 PDF
FY2023 $1.2M$170K$1.0M$1.9M 990 PDF
FY2022 $635K$546K$88K$915K 990 PDF
FY2021 $576K$1.0M−$465K$839K 990 PDF
FY2020 $1.4M$480K$959K$1.3M 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 FY2025 990 (6 parts)
Part I · Summary $233,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $187,248$130,170
I-9 Program service revenue$0
I-10 Investment incomePrior year $102,434$99,734
I-11 Other revenuePrior year $2,910$3,165
I-12 Total revenuePrior year $292,592$233,069
I-13 Grants and similar amounts paidPrior year $127,513$180,643
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,798$8,186
I-18 Total expensesPrior year $135,311$188,829
I-19 Revenue less expensesPrior year $157,281$44,240
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $233,069 across 6 lines filed
VIII-1f All other contributions, gifts and grants$130,170
VIII-1h Total contributions, gifts and grants$130,170
VIII-3 Investment incomeExcluded from tax $97,263$97,263
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,471$2,471
VIII-8 Net income from fundraising eventsExcluded from tax $3,165$3,165
VIII-12 Total revenueRelated to mission $2,471 · Excluded from tax $100,428$233,069
Part IX · Statement of functional expenses $188,829 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-2 Grants to domestic individualsPrograms $170,643$170,643
IX-24 Other expenses (24a–d)Programs $7,964$7,964
IX-24e All other expensesPrograms $222$222
IX-25 Total functional expensesPrograms $188,829 · Management $0 · Fundraising $0$188,829
Part X · Balance sheet $2,146,386 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $145,701$88,125
X-2 Savings and temporary cash investmentsStart of year $1,882,558$1,983,402
X-11 Publicly traded securitiesStart of year $55,652$64,609
X-12 Other securitiesStart of year $10,250$10,250
X-16 Total assetsStart of year $2,094,161$2,146,386
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,947,253$1,999,478
X-28 Net assets with donor restrictionsStart of year $146,908$146,908
X-32 Total net assets or fund balancesStart of year $2,094,161$2,146,386
X-33 Total liabilities and net assetsStart of year $2,094,161$2,146,386
Part XI · Reconciliation of net assets $2,146,386 net assets at year end
XI-1 Total revenue$233,069
XI-2 Total expenses$188,829
XI-3 Revenue less expenses$44,240
XI-4 Net assets at start of year$2,094,161
XI-5 Net unrealized gains (losses) on investments$7,985
XI-10 Net assets at end of year$2,146,386

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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