Lansing Promise FY2021 filing

Tax-deductible

Lansing, MI501(c)(3)EducationEIN 45-3363322Revenue $476K in FY2021

On file with the IRSlansingpromise.org1221 Reo Rd Ste 119, 48910-5183 · Lansing, MITax-exempt since Sep 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Lansing Promise helps students in gaining access to higher education through readiness and scholarships.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $493K a year · 43% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $115K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
3% of total assets
Looks good: liabilities are 3% 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
$476K
Spent
$313K
To programs
71%
Net assets
$395K
By yearFY2021–FY2025
Revenue
$476K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$476K
FY2022$466K
FY2023$2.3M
FY2024$684K
FY2025$1.8M
Expenses
$313K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$313K
FY2022$355K
FY2023$587K
FY2024$694K
FY2025$1.3M
Net assets
$395K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$395K
FY2022$506K
FY2023$2.2M
FY2024$2.2M
FY2025$2.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Sep 2012.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $221K Management & general 8% · $25K Fundraising 21% · $67K

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

21 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$102,582Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Justin Sheehan’s $177K as President CEO is at the 76th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Justin Sheehan$144,365$118,083$110,068$108,491$102,582

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lansing Promise 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 15aYes

Programs and updates

Helps students access higher education through readiness programs and scholarships.

Questions for Lansing Promise

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Provided by the organization

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1 program · $221K · in their own filed words · FY2020
01

To provide "Place-Based" scholarships to students who reside in Lansing School District to help the students gain access to higher education and college preparatory programming.

$221Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$115K
Grants paid · 24 grants · $1.2M · 2020–2024
Michigan State UniversityMI · FY2024$185,207
Lansing Community CollegeFY2024$146,227
Brotherhood Against DrugsMI · FY2024$41,966
Unitemized GrantFY2024$5,500
Lansing Community CollegeFY2023$115,506
Michigan State UniversityMI · FY2023$75,500
Lansing Community CollegeFY2022$163,552
Michigan State UniversityMI · FY2022$58,567
Davenport UniversityMI · FY2022$6,189
Village LansingMI · FY2022$5,500
Lansing Comm CollegeFY2021$54,506
See all 24 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$476K
Ln 12
Gifts and grantsLn 1h$472K
Other incomeLn 4–11$3K
Investment incomeLn 3$116
Money outPt IX
$313K
Ln 25
Programscol B$221K
Managementcol C$25K
Fundraisingcol D$67K
Owns and owesPt X
$395K
net assets · Ln 32
Cash and savingsLn 1–2$345K
Total assetsLn 16$407K
LiabilitiesLn 26$13K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$472K
Government grantsLn 1e$28K
Fundraising eventsLn 1c$28K
Investment incomeLn 3$116
Other incomeLn 4–11$3K
Total revenueLn 12$476K
Assets in detailPt X, end of year
CashLn 1$345K
Cash and savings togetherLn 1–2$345K
Total assetsLn 16$407K
LiabilitiesLn 26$13K
Net assetsLn 32$395K
OperationsPt I, VI
EmployeesI 52
VolunteersI 642
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 FY21End FY21
Cash and savingsLn 1–2$269K$345K
Total assetsLn 16$270K$407K
LiabilitiesLn 26$38K$13K
Net assetsLn 32$232K$395K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$111K$111K
Pay of current officers, directors and key staffLn 5$127K$51K$13K$64K
Other salaries and wagesLn 7$35K$28K$7K$0
Payroll taxesLn 10$11K$5K$1K$4K
Accounting feesLn 11c$15K$4K$9K$3K
Advertising and promotionLn 12$30K$24K$0$6K
Office expensesLn 13$8K$4K$974$3K
Information technologyLn 14$26K$13K$3K$10K
OccupancyLn 16$10K$5K$1K$4K
TravelLn 17$37$18$5$14
Conferences, conventions and meetingsLn 19$3K$2K$400$1K
InsuranceLn 23$8K$4K$937$3K
Other expenses (24a–d)Ln 24$22K$13K$696$9K
All other expensesLn 24e−$93K−$40K−$12K−$40K
Total functional expensesLn 25$313K$221K$25K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.3M$529K$2.8M 990 PDF
FY2024 $684K$694K−$10K$2.2M 990 PDF
FY2023 $2.3M$587K$1.7M$2.2M 990 PDF
FY2022 $466K$355K$111K$506K 990 PDF
FY2021 Viewing $476K$313K$163K$395K 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 FY2021 990 (6 parts)
Part I · Summary $475,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $545,698$472,138
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,552$116
I-11 Other revenuePrior year $1,025$3,277
I-12 Total revenuePrior year $550,275$475,531
I-13 Grants and similar amounts paidPrior year $391,135$110,638
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $171,214$172,820
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,797$29,283
I-18 Total expensesPrior year $620,146$312,741
I-19 Revenue less expensesPrior year −$69,871$162,790
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-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $475,531 across 7 lines filed
VIII-1c Fundraising events$28,500
VIII-1e Government grants$27,500
VIII-1f All other contributions, gifts and grants$416,138
VIII-1h Total contributions, gifts and grants$472,138
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $116$116
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $3,277$3,277
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,393$475,531
Part IX · Statement of functional expenses $312,741 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $110,638$110,638
IX-5 Pay of current officers, directors and key staffPrograms $50,847 · Management $12,712 · Fundraising $63,559$127,118
IX-7 Other salaries and wagesPrograms $28,005 · Management $7,040 · Fundraising $0$35,045
IX-10 Payroll taxesPrograms $5,182 · Management $1,298 · Fundraising $4,177$10,657
IX-11c Accounting feesPrograms $3,644 · Management $8,654 · Fundraising $2,885$15,183
IX-12 Advertising and promotionPrograms $23,847 · Management $0 · Fundraising $5,962$29,809
IX-13 Office expensesPrograms $3,889 · Management $974 · Fundraising $3,135$7,998
IX-14 Information technologyPrograms $12,662 · Management $3,172 · Fundraising $10,206$26,040
IX-16 OccupancyPrograms $4,866 · Management $1,219 · Fundraising $3,923$10,008
IX-17 TravelPrograms $18 · Management $5 · Fundraising $14$37
IX-19 Conferences, conventions and meetingsPrograms $1,597 · Management $400 · Fundraising $1,288$3,285
IX-23 InsurancePrograms $3,741 · Management $937 · Fundraising $3,016$7,694
IX-24 Other expenses (24a–d)Programs $12,700 · Management $696 · Fundraising $8,620$22,016
IX-24e All other expensesPrograms −$40,385 · Management −$12,424 · Fundraising −$39,978−$92,787
IX-25 Total functional expensesPrograms $221,251 · Management $24,683 · Fundraising $66,807$312,741
Part X · Balance sheet $407,321 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $269,319$344,653
X-4 Accounts receivable$61,668
X-9 Prepaid expenses and deferred chargesStart of year $1,000$1,000
X-16 Total assetsStart of year $270,319$407,321
X-17 Accounts payable and accrued expensesStart of year $10,943$12,655
X-26 Total liabilitiesStart of year $38,443$12,655
X-27 Net assets without donor restrictionsStart of year $231,876$394,666
X-32 Total net assets or fund balancesStart of year $231,876$394,666
X-33 Total liabilities and net assetsStart of year $270,319$407,321
Part XI · Reconciliation of net assets $394,666 net assets at year end
XI-1 Total revenue$475,531
XI-2 Total expenses$312,741
XI-3 Revenue less expenses$162,790
XI-4 Net assets at start of year$231,876
XI-10 Net assets at end of year$394,666

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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