Life Enhancement and Achievement Program EIN 47-2832072 Form 990 (PDF) Claim this org

Life Enhancement and Achievement Program

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Teaches young people positive decision-making through golf-based educational programs. For fiscal year 2024 it reported $350K in revenue, $288K in expenses, and $345K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Flowood, MS
Website
www.thefirstteecentralmississippi.org
Filings
5 on file (2020–2024)
Revenue
$350KFY2024
Expenses
$288K
Net assets
$345K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2832072 Public charity (501(c)(3)) Flowood, MS
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches young people positive decision-making through golf-based educational programs.
Leadership
Margo Coleman · Executive Director · $63K
Money in and out
$350K revenue, $288K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$350K
Pt VIII · Ln 12
Total expenses
$288K
Pt IX · Ln 25
Net assets
$345K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $63K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.11 Fundraising $0.19
Program efficiency
70%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
14.3mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +40% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$350K
FY2024▲ +15%
Expenses
$288K
FY2024▲ +8%
Total assets
$349K
FY2024▲ +21%
Total liabilities
$5K
FY2024▼ -27%
Total revenue
$350K
Pt VIII · Ln 12
Total expenses
$288K
Pt IX · Ln 25
Net assets
$345K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$63K
Total assetsPt X · Ln 16$349K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLife Enhancement and Achievement Program
EINHdr · item D47-2832072
Principal addressHdr · item CFlowood, MS
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$63,272Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Margo Coleman’s $63K as Executive Director is at the 54th percentile of top reported officer pay among 1984 $100K–1M youth development 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

NameFY2024FY2023FY2022FY2021
Margo Coleman$63,272$65,233$61,272$59,519

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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $203K of program spending, described in the organization's own filed words · FY2024.
01

The first teecentral MS served 30,196 participants in 2024 through our golf life skills experience classes, youth serving events, community events and first tee school program. Outreach in the COMMUNITY:-29,676 kids participated in outreach activities lead by the chapter in 2024 in first tee school programs, first tee community programs…

$203Kprogram expense
02

Registrations for First Tee Classes/Camps and Events

-520 individual PARTICIPANTS/ 605 participant registrations -102 = 5-6 yo -190 = 7-9 yo -162 = 10-11 yo -47 = 12-13 yo -19= 14 + yofinancial AID:-367 participants received financial aid to participate in first tee classes or camps.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$314K · 90%
Program service revenue$25K · 7%
Investment income$9K · 2%
Other revenue$2K · 1%
Contributions & grants90%$314K
Program service revenue7%$25K
Investment income2%$9K
Other revenue1%$2K
Total revenueLn 12$350K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.11 Fundraising $0.19
Program services70%$203K
Management & general11%$31K
Fundraising19%$53K
Total functional expensesLn 25$288K

Balance Sheet

Part X · end of year
CashLn 1$326K
Total assetsLn 16$349K
Total liabilitiesLn 26$5K
Total net assetsLn 32$345K
Months of cash on handcomputed13.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $326K · Operating expenses (Pt IX) $288K · Less non-cash grants $15K · Cash operating expenses/yr $273K
14.3 months
Where the money goes
Program services
Program services $203K · Total expenses $288K
70%
Management & General
Management & general $31K · Total expenses $288K
11%
Fundraising
Fundraising $53K · Total expenses $288K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $273K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $314K · Total revenue $350K
90%
Government reliance
Government grants — · Total revenue $350K
Earned-income share
Program service revenue $25K · Total revenue $350K
7%
Investment reliance
Investment income $9K · Total revenue $350K
+2%
Program self-sufficiency
Program service revenue $25K · Total expenses $288K
9%
Growth & trend
Revenue growth (YoY)
This year $350K · Prior year $305K
+15%
Revenue CAGR
FY2020 $186K · FY2024 $350K
+17%
Net-asset trend (YoY)
End of year $345K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $350K · Expenses $288K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $349K
Net-asset ratio
Net assets $345K · Total assets $349K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $349K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Margo Coleman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $63K · Total expenses $288K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $161K · Total expenses $288K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 11%
Fundraising cost ratio 17%
Revenue growth 15%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$138K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$350K revenue · viewing · ⤓ 990 PDF
FY2023$305K revenue · ⤓ 990 PDF
FY2022$255K revenue · ⤓ 990 PDF
FY2021$262K revenue · ⤓ 990 PDF
FY2020$186K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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