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Lapointe - Krebs Foundation INC

Tax-deductible

Pascagoula, MS501(c)(3)Since 2012Arts & CultureEIN 46-1410596Revenue $405K in FY2024

On file with the IRS4602 Fort St, 39567-1654 · Pascagoula, MSTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To promote, maintain and operate the la pointe-Krebs house, adjacent groundsand structure in order to preserve the historic property for futher generations

501(c)(3) charity; gifts are tax-deductible.
26¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
3 of 5
filings with a surplus
Average surplus $59K a year · 39% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
26%
of spending
Concern: 26% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
66 mo
of spending, in cash
Looks good: 66.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $107
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$405K
+389% vs prior year
Spent
$93K
To programs
26%
Net assets
$553K
By yearFY2020–FY2024
Revenue
$405K
FY2024▲ +389%
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$96K
FY2022$113K
FY2023$83K
FY2024$405K
Expenses
$93K
FY2024+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$75K
FY2021$90K
FY2022$112K
FY2023$93K
FY2024$93K
Net assets
$553K
FY2024▲ +163%
Tap a bar for its year
Net assets by fiscal year
FY2020$213K
FY2021$219K
FY2022$221K
FY2023$210K
FY2024$553K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $25K Management & general 62% · $58K Fundraising 12% · $11K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Glynda Smith
Director
$0Pt VII · Sec A
Jimmy Krebs
Director
$0Pt VII · Sec A
Alice Baker
Secretarytreasurer
$0Pt VII · Sec A
Mike Eley
Vpdirector
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Stachowski
Secretarydirector
$0Pt VII · Sec A
See Lapointe - Krebs 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

Preserves and operates a historic property and grounds for future generations.

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Provided by the organization

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1 program · $25K · in their own filed words · FY2024
01

To promote, maintain and operate the la pointe-krebs house, adjacnet grounds and structures in order to preserve the historic property for future generations

$25Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$107
Total grants receivedfrom 1 funder$107

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$405K
Ln 12
Gifts and grantsLn 1h$394K
Other incomeLn 4–11$7K
Investment incomeLn 3$4K
Money outPt IX
$93K
Ln 25
Programscol B$25K
Managementcol C$58K
Fundraisingcol D$11K
Owns and owesPt X
$553K
net assets · Ln 32
Cash and savingsLn 1–2$517K
Total assetsLn 16$553K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$394K
Government grantsLn 1e$88K
Investment incomeLn 3$4K
Other incomeLn 4–11$7K
Total revenueLn 12$405K
Assets in detailPt X, end of year
CashLn 1$517K
Cash and savings togetherLn 1–2$517K
Land, buildings, equipmentLn 10c$35K
Other assetsLn 15$633
Total assetsLn 16$553K
LiabilitiesLn 26$0
Net assetsLn 32$553K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$197K$517K
Land, buildings, equipmentLn 10c$43K$35K
Total assetsLn 16$242K$553K
LiabilitiesLn 26$7K$0
Net assetsLn 32$236K$553K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$47K$47K
Management feesLn 11a$11K$11K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$6K$6K
OccupancyLn 16$9K$9K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$150$150
Other expenses (24a–d)Ln 24$11K$32$11K
Total functional expensesLn 25$93K$25K$58K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $405K$93K$311K$553K 990 PDF
FY2023 $83K$93K−$10K$210K 990 PDF
FY2022 $113K$112K$1K$221K 990 PDF
FY2021 $96K$90K$6K$219K 990 PDF
FY2020 $63K$75K−$12K$213K 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 FY2024 990 (6 parts)
Part I · Summary $404,594 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,885$393,566
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,616$4,125
I-11 Other revenuePrior year $8,204$6,903
I-12 Total revenuePrior year $132,705$404,594
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,070$46,546
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $59,663$46,769
I-18 Total expensesPrior year $106,733$93,315
I-19 Revenue less expensesPrior year $25,972$311,279
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $404,594 across 7 lines filed
Lines not itemized here account for $6,903 of total revenue; see the IRS return.
VIII-1b Membership dues$17,552
VIII-1e Government grants$88,258
VIII-1f All other contributions, gifts and grants$287,756
VIII-1h Total contributions, gifts and grants$393,566
VIII-3 Investment incomeRelated to mission $4,125$4,125
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $11,028 · Unrelated business $0 · Excluded from tax $0$404,594
Part IX · Statement of functional expenses $93,315 across 8 lines filed
IX-7 Other salaries and wagesManagement $46,546$46,546
IX-11a Management feesManagement $11,418$11,418
IX-11c Accounting feesPrograms $1,733$1,733
IX-11g Other fees for servicesPrograms $5,516$5,516
IX-16 OccupancyPrograms $9,138$9,138
IX-22 Depreciation, depletion and amortizationPrograms $8,033$8,033
IX-23 InsurancePrograms $150$150
IX-24 Other expenses (24a–d)Programs $32 · Fundraising $10,749$10,781
IX-25 Total functional expensesPrograms $24,602 · Management $57,964 · Fundraising $10,749$93,315
Part X · Balance sheet $552,863 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $197,298$516,610
X-9 Prepaid expenses and deferred chargesStart of year $893$893
X-10c Land, buildings and equipment, netStart of year $42,760$34,727
X-15 Other assets$633
X-16 Total assetsStart of year $242,305$552,863
X-26 Total liabilitiesStart of year $6,681$0
X-27 Net assets without donor restrictionsStart of year $234,624$551,863
X-28 Net assets with donor restrictionsStart of year $1,000$1,000
X-32 Total net assets or fund balancesStart of year $235,624$552,863
X-33 Total liabilities and net assetsStart of year $242,305$552,863
Part XI · Reconciliation of net assets $552,863 net assets at year end
XI-1 Total revenue$404,594
XI-2 Total expenses$93,315
XI-3 Revenue less expenses$311,279
XI-4 Net assets at start of year$235,624
XI-8 Prior period adjustments$5,960
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$552,863

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

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