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

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$118K 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

FY2024 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$118K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
36 mo
of spending, in cash
Looks good: 36.1 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
$11K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$684K
-70% vs prior year
Spent
$694K
To programs
87%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$684K
FY2024▼ -70%
Tap a bar for its year
Revenue by fiscal year
FY2021$476K
FY2022$466K
FY2023$2.3M
FY2024$684K
FY2025$1.8M
Expenses
$694K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2021$313K
FY2022$355K
FY2023$587K
FY2024$694K
FY2025$1.3M
Net assets
$2.2M
FY2024-0.3%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

87 cents of each dollar spent went to programs.

Program services 87% · $607K Management & general 8% · $52K Fundraising 5% · $35K

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

23 people listed on the 990; $118K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President CEO
$118,083Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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Provided by the organization

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1 program · $607K · in their own filed words · FY2023
01

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

$607Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$684K
Ln 12
Gifts and grantsLn 1h$646K
Investment incomeLn 3$87K
Money outPt IX
$694K
Ln 25
Programscol B$607K
Managementcol C$52K
Fundraisingcol D$35K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$11K
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$646K
Fundraising eventsLn 1c$37K
Investment incomeLn 3$87K
Total revenueLn 12$684K
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.1M
Other assetsLn 15$23K
Total assetsLn 16$2.2M
LiabilitiesLn 26$11K
Net assetsLn 32$2.2M
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 FY24End FY24
Cash and savingsLn 1–2$2.3M$2.1M
Total assetsLn 16$2.4M$2.2M
LiabilitiesLn 26$177K$11K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$281K$281K
Pay of current officers, directors and key staffLn 5$150K$60K$37K$52K
Other salaries and wagesLn 7$101K$33K$47K$21K
Other employee benefitsLn 9$15K$4K$4K$6K
Payroll taxesLn 10$17K$6K$6K$5K
Management feesLn 11a$67K$13K$47K$6K
Accounting feesLn 11c$21K$21K
Advertising and promotionLn 12$41K$22K$7K$12K
Office expensesLn 13$22K$5K$9K$8K
Information technologyLn 14$14K$2K$6K$6K
OccupancyLn 16$17K$6K$6K$6K
TravelLn 17$272$54$218
Conferences, conventions and meetingsLn 19$17K$7K$4K$6K
InsuranceLn 23$5K$2K$2K$2K
Other expenses (24a–d)Ln 24−$73K$166K−$143K−$96K
Total functional expensesLn 25$694K$607K$52K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.3M$529K$2.8M 990 PDF
FY2024 Viewing $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 $476K$313K$163K$395K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $683,868 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,239,695$646,156
I-9 Program service revenue$0
I-10 Investment incomePrior year $17,882$86,655
I-11 Other revenuePrior year $9−$48,943
I-12 Total revenuePrior year $2,257,586$683,868
I-13 Grants and similar amounts paidPrior year $273,810$280,690
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $197,192$282,451
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $115,759$130,608
I-18 Total expensesPrior year $586,761$693,749
I-19 Revenue less expensesPrior year $1,670,825−$9,881
Part VI · Governance 22 of 22 board members independent, 2 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $683,868 across 6 lines filed
VIII-1c Fundraising events$36,821
VIII-1f All other contributions, gifts and grants$609,335
VIII-1h Total contributions, gifts and grants$646,156
VIII-3 Investment incomeExcluded from tax $86,655$86,655
VIII-8 Net income from fundraising eventsExcluded from tax −$48,943−$48,943
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $37,712$683,868
Part IX · Statement of functional expenses $693,749 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $280,690$280,690
IX-5 Pay of current officers, directors and key staffPrograms $59,855 · Management $37,409 · Fundraising $52,373$149,637
IX-7 Other salaries and wagesPrograms $32,626 · Management $47,243 · Fundraising $21,375$101,244
IX-9 Other employee benefitsPrograms $4,459 · Management $4,459 · Fundraising $5,946$14,864
IX-10 Payroll taxesPrograms $6,080 · Management $5,854 · Fundraising $4,772$16,706
IX-11a Management feesPrograms $13,000 · Management $47,040 · Fundraising $6,500$66,540
IX-11c Accounting feesManagement $20,550$20,550
IX-12 Advertising and promotionPrograms $22,125 · Management $6,569 · Fundraising $12,297$40,991
IX-13 Office expensesPrograms $5,293 · Management $9,252 · Fundraising $7,775$22,320
IX-14 Information technologyPrograms $2,210 · Management $5,841 · Fundraising $5,527$13,578
IX-16 OccupancyPrograms $5,850 · Management $5,678 · Fundraising $5,678$17,206
IX-17 TravelPrograms $54 · Fundraising $218$272
IX-19 Conferences, conventions and meetingsPrograms $6,728 · Management $4,025 · Fundraising $5,990$16,743
IX-23 InsurancePrograms $1,844 · Management $1,786 · Fundraising $1,744$5,374
IX-24 Other expenses (24a–d)Programs $166,138 · Management −$143,462 · Fundraising −$95,642−$72,966
IX-25 Total functional expensesPrograms $606,952 · Management $52,244 · Fundraising $34,553$693,749
Part X · Balance sheet $2,180,821 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $81,268$161,345
X-2 Savings and temporary cash investmentsStart of year $2,180,309$1,925,350
X-4 Accounts receivableStart of year $76,901$67,105
X-9 Prepaid expenses and deferred chargesStart of year $6,007$4,422
X-15 Other assetsStart of year $9,763$22,599
X-16 Total assetsStart of year $2,354,248$2,180,821
X-17 Accounts payable and accrued expensesStart of year $119,345$953
X-19 Deferred revenueStart of year $58,000$10,008
X-26 Total liabilitiesStart of year $177,345$10,961
X-27 Net assets without donor restrictionsStart of year $439,035$428,856
X-28 Net assets with donor restrictionsStart of year $1,737,868$1,741,004
X-32 Total net assets or fund balancesStart of year $2,176,903$2,169,860
X-33 Total liabilities and net assetsStart of year $2,354,248$2,180,821
Part XI · Reconciliation of net assets $2,169,860 net assets at year end
XI-1 Total revenue$683,868
XI-2 Total expenses$693,749
XI-3 Revenue less expenses−$9,881
XI-4 Net assets at start of year$2,176,903
XI-5 Net unrealized gains (losses) on investments$2,838
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,169,860

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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