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Lees Summit Educational Foundation INC FY2020 filing

Tax-deductible

Lees Summit, MO501(c)(3)Foundations & Grantmakers EIN 43-1615117Revenue $934K in FY2020

On file with the IRSlsedfoundation.com301 Ne Tudor Rd, 64086-5702 · Lees Summit, MOTax-exempt since Feb 1993Publicly supported charity — 170(b)(1)(A)(vi)

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The lee's Summit Educational Foundation promotes excellence in education by awarding gifts, grants and scholarships to Educational areas within the lee's Summit r-7 school district that are effective, essential and in need of additional funding. We DO that by generating and guiding philanthropic resources through personal and corporate contributions, planned giving, and events.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
6 of 6
filings with a surplus
Average surplus $454K a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
36 mo
of spending, in cash
Plus $5.4M in investments, Pt X · Ln 11–13
Looks good: 35.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$200K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$934K
Spent
$488K
To programs
89%
Net assets
$6.7M
By yearFY2020–FY2025
Revenue
$934K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$934K
FY2021$1.2M
FY2022$939K
FY2023$832K
FY2024$917K
FY2025$1.2M
Expenses
$488K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$488K
FY2021$416K
FY2022$660K
FY2023$668K
FY2024$543K
FY2025$504K
Net assets
$6.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$8.1M
FY2022$7.2M
FY2023$7.8M
FY2024$8.8M
FY2025$10.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1993.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $432K Management & general 8% · $37K Fundraising 4% · $18K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Sheryl Franke
Executive Di
$0Pt VII · Sec A
Larry Antey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kim Fritchie
Director
$0Pt VII · Sec A
Carson Graff
President
$0Pt VII · Sec A
Tom Jackson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lees Summit Educational Foundation 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

Awards grants and scholarships to support effective and essential educational programs in Lee's Summit schools.

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Provided by the organization

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3 programs · $432K · in their own filed words · FY2019
01

The organization provided funds to the lee's summit r-7 school district for technology and other special needs in the classrooms.

$282Kprogram expense
02

The organization provided scholarships to graduating seniors across the lee's summit r-7 school district.

$83Kprogram expense
03

Peak grants to the lee's summit r-7 school district are competitive classroom grants that promote excellence and knowledge.

$67Kprogram 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 · FY2024
Greater Kansas City Community FoundationFY2024$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 12 grants · $861K · 2019–2024
Unitemized GrantFY2024$93,050
R-7 School DistrictFY2024$45,555
Unitemized GrantFY2023$97,160
R-7 School DistrictFY2023$60,608
Unitemized GrantFY2022$89,200
R-7 School DistrictFY2022$64,315
Unitemized GrantFY2021$87,250
R-7 School DistrictFY2021$63,727
Unitemized GrantFY2020$58,750
R-7 School DistrictFY2020$51,925
Unitemized GrantFY2019$83,250
R-7 School DistrictFY2019$66,578

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$934K
Ln 12
Gifts and grantsLn 1h$509K
Investment incomeLn 3$243K
Other incomeLn 4–11$182K
Money outPt IX
$488K
Ln 25
Programscol B$432K
Managementcol C$37K
Fundraisingcol D$18K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$6.9M
LiabilitiesLn 26$200K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$509K
Noncash giftsLn 1g$45K
Fundraising eventsLn 1c$45K
Investment incomeLn 3$243K
Other incomeLn 4–11$182K
Gains on assetsLn 7$115K
Total revenueLn 12$934K
Assets in detailPt X, end of year
CashLn 1$409K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$5.4M
Total assetsLn 16$6.9M
LiabilitiesLn 26$200K
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6119
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$1.2M$1.4M
InvestmentsLn 11–13$5.2M$5.4M
Total assetsLn 16$6.4M$6.9M
LiabilitiesLn 26$163K$200K
Net assetsLn 32$6.2M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$67K$67K
Grants to domestic individualsLn 2$83K$83K
Legal feesLn 11b$50$50
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$1K$367$1K
Information technologyLn 14$6K$1K$1K$3K
Other expenses (24a–d)Ln 24$295K$281K$14K
Total functional expensesLn 25$488K$432K$37K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$504K$674K$10.1M 990 PDF
FY2024 $917K$543K$374K$8.8M 990 PDF
FY2023 $832K$668K$164K$7.8M 990 PDF
FY2022 $939K$660K$278K$7.2M 990 PDF
FY2021 $1.2M$416K$783K$8.1M 990 PDF
FY2020 Viewing $934K$488K$447K$6.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $934,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $442,775$509,439
I-9 Program service revenue$0
I-10 Investment incomePrior year $209,122$243,406
I-11 Other revenuePrior year $110,184$181,545
I-12 Total revenuePrior year $762,081$934,390
I-13 Grants and similar amounts paidPrior year $139,783$149,828
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $362,237$337,796
I-18 Total expensesPrior year $502,020$487,624
I-19 Revenue less expensesPrior year $260,061$446,766
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $934,390 across 8 lines filed
VIII-1c Fundraising events$45,290
VIII-1f All other contributions, gifts and grants$464,149
VIII-1g Noncash contributions (included above)$45,290
VIII-1h Total contributions, gifts and grants$509,439
VIII-3 Investment incomeExcluded from tax $128,804$128,804
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114,602$114,602
VIII-8 Net income from fundraising eventsExcluded from tax $181,545$181,545
VIII-12 Total revenueExcluded from tax $424,951$934,390
Part IX · Statement of functional expenses $487,624 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $66,578$66,578
IX-2 Grants to domestic individualsPrograms $83,250$83,250
IX-11b Legal feesManagement $50$50
IX-11c Accounting feesManagement $13,915$13,915
IX-11f Investment management feesManagement $16,262$16,262
IX-11g Other fees for servicesManagement $5,323$5,323
IX-13 Office expensesManagement $367 · Fundraising $1,091$1,458
IX-14 Information technologyPrograms $1,410 · Management $1,410 · Fundraising $2,820$5,640
IX-24 Other expenses (24a–d)Programs $281,008 · Fundraising $14,140$295,148
IX-25 Total functional expensesPrograms $432,246 · Management $37,327 · Fundraising $18,051$487,624
Part X · Balance sheet $6,872,927 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $153,446$408,799
X-2 Savings and temporary cash investmentsStart of year $1,026,386$1,036,028
X-11 Publicly traded securitiesStart of year $5,176,558$5,428,100
X-16 Total assetsStart of year $6,356,390$6,872,927
X-18 Grants payableStart of year $41,863$74,829
X-19 Deferred revenueStart of year $15,000$5,500
X-25 Other liabilitiesStart of year $106,615$119,865
X-26 Total liabilitiesStart of year $163,478$200,194
X-27 Net assets without donor restrictionsStart of year $3,746,625$4,099,408
X-28 Net assets with donor restrictionsStart of year $2,446,287$2,573,325
X-32 Total net assets or fund balancesStart of year $6,192,912$6,672,733
X-33 Total liabilities and net assetsStart of year $6,356,390$6,872,927
Part XI · Reconciliation of net assets $6,672,733 net assets at year end
XI-1 Total revenue$934,390
XI-2 Total expenses$487,624
XI-3 Revenue less expenses$446,766
XI-4 Net assets at start of year$6,192,912
XI-5 Net unrealized gains (losses) on investments$33,055
XI-10 Net assets at end of year$6,672,733

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

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