Lees Friends FY2022 filing

Tax-deductible

Norfolk, VA501(c)(3)EIN 54-1533488

To offer person to person help and needed emotional and practical support to cancer patients and their families who are facing the crisis of diagnosis and treatment of cancer.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$67K 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

FY2022 · 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
2 of 5
filings with a surplus
Average deficit $5K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $70K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
-19% vs prior year
Spent
$357K
To programs
79%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$349K
FY2022▼ -19%
Revenue by fiscal year
FY2020$317K
FY2021$428K
FY2022$349K
FY2023$266K
FY2024$347K
Expenses
$357K
FY2022▲ +10%
Expenses by fiscal year
FY2020$307K
FY2021$324K
FY2022$357K
FY2023$360K
FY2024$381K
Net assets
$1.7M
FY2022▼ -17%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.1M
FY2022$1.7M
FY2023$1.8M
FY2024$1.8M

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1990.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $282K Management & general 14% · $51K Fundraising 7% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$66,716Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carol Olsen—$70,051$66,716$63,538$61,688
Carol Olsen$67,050————

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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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

Provides emotional and practical support to cancer patients and their families during diagnosis and treatment.

Provided by the organization

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1 program service account for $282K of program spending, described in the organization's own filed words · FY2022.
01

The organization provides one-on-one emotional support to cancer patients and their families; transportation to hospitals, doctors' offices, laboratories and oncology centers for individuals undergoing cancer treatment, and; financial grants to needy individuals undergoing cancer treatment.

$282Kprogram expense

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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
Total grants receivedfrom 3 funders$70K
See all 3 funders →
Grants paid · 5 grants · $377K · 2020–2024
Unitemized GrantFY2024$65,941
Unitemized GrantFY2023$90,459
Unitemized GrantFY2022$92,063
Unitemized GrantFY2021$70,117
Unitemized GrantFY2020$58,540

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$265K
Investment incomeLn 3$84K
Money outPt IX
$357K
Ln 25
Programscol B$282K
Managementcol C$51K
Fundraisingcol D$24K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$1.7M
LiabilitiesLn 26$9K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$265K
Investment incomeLn 3$84K
Gains on assetsLn 7$48K
Total revenueLn 12$349K
Assets in detailPt X, end of year
SavingsLn 2$94K
Cash and savings togetherLn 1–2$94K
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$70K
Total assetsLn 16$1.7M
LiabilitiesLn 26$9K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 6110
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$88K$94K
InvestmentsLn 11–13$2.0M$1.6M
Land, buildings, equipmentLn 10c$957$6K
Total assetsLn 16$2.1M$1.7M
LiabilitiesLn 26$3K$9K
Net assetsLn 32$2.1M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$92K$92K
Pay of current officers, directors and key staffLn 5$67K$47K$7K$13K
Other salaries and wagesLn 7$88K$78K$5K$5K
Pension plan contributionsLn 8$14K$11K$1K$2K
Other employee benefitsLn 9$18K$15K$1K$2K
Payroll taxesLn 10$11K$8K$848$1K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$21K$21K
Other fees for servicesLn 11g$70$70
Office expensesLn 13$6K$5K$374$386
OccupancyLn 16$5K$4K$645$99
Depreciation, depletion and amortizationLn 22$1K$751$201$51
InsuranceLn 23$4K$3K$994
Other expenses (24a–d)Ln 24$16K$16K$111$74
All other expensesLn 24e$4K$2K$2K
Total functional expensesLn 25$357K$282K$51K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $347K$381K−$34K$1.8M 990 PDF
FY2023 $266K$360K−$94K$1.8M 990 PDF
FY2022 Viewing $349K$357K−$9K$1.7M 990 PDF
FY2021 $428K$324K$104K$2.1M 990 PDF
FY2020 $317K$307K$9K$2.0M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $348,581 across 6 lines filed
VIII-1a Federated campaigns$6,148
VIII-1f All other contributions, gifts and grants$258,632
VIII-1h Total contributions, gifts and grants$264,780
VIII-3 Investment incomeExcluded from tax $35,840$35,840
VIII-7 Net gain or loss on sales of assetsExcluded from tax $47,961$47,961
VIII-12 Total revenueExcluded from tax $83,801$348,581
Part IX · Statement of functional expenses $357,258 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $92,063$92,063
IX-5 Pay of current officers, directors and key staffPrograms $46,701 · Management $6,672 · Fundraising $13,343$66,716
IX-7 Other salaries and wagesPrograms $77,698 · Management $5,263 · Fundraising $5,263$88,224
IX-8 Pension plan contributionsPrograms $11,156 · Management $1,116 · Fundraising $1,673$13,945
IX-9 Other employee benefitsPrograms $14,540 · Management $1,454 · Fundraising $2,181$18,175
IX-10 Payroll taxesPrograms $8,482 · Management $848 · Fundraising $1,272$10,602
IX-11b Legal feesManagement $1,873$1,873
IX-11c Accounting feesManagement $8,928$8,928
IX-11f Investment management feesManagement $20,668$20,668
IX-11g Other fees for servicesManagement $70$70
IX-13 Office expensesPrograms $5,106 · Management $374 · Fundraising $386$5,866
IX-16 OccupancyPrograms $4,220 · Management $645 · Fundraising $99$4,964
IX-22 Depreciation, depletion and amortizationPrograms $751 · Management $201 · Fundraising $51$1,003
IX-23 InsurancePrograms $2,981 · Management $994$3,975
IX-24 Other expenses (24a–d)Programs $15,627 · Management $111 · Fundraising $74$15,812
IX-24e All other expensesPrograms $2,233 · Management $2,141$4,374
IX-25 Total functional expensesPrograms $281,558 · Management $51,358 · Fundraising $24,342$357,258
Part X · Balance sheet $1,740,870 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $87,750$93,995
X-9 Prepaid expenses and deferred chargesStart of year $3,338$3,016
X-10c Land, buildings and equipment, netStart of year $957$6,165
X-11 Publicly traded securitiesStart of year $1,996,450$1,567,694
X-15 Other assets$70,000
X-16 Total assetsStart of year $2,088,495$1,740,870
X-17 Accounts payable and accrued expensesStart of year $3,127$8,793
X-26 Total liabilitiesStart of year $3,127$8,793
X-27 Net assets without donor restrictionsStart of year $2,062,534$1,653,618
X-28 Net assets with donor restrictionsStart of year $22,834$78,459
X-32 Total net assets or fund balancesStart of year $2,085,368$1,732,077
X-33 Total liabilities and net assetsStart of year $2,088,495$1,740,870
Part XI · Reconciliation of net assets $1,732,077 net assets at year end
XI-1 Total revenue$348,581
XI-2 Total expenses$357,258
XI-3 Revenue less expenses−$8,677
XI-4 Net assets at start of year$2,085,368
XI-5 Net unrealized gains (losses) on investments−$344,614
XI-10 Net assets at end of year$1,732,077

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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