Lassitier Foundation INC FY2023 filing

Tax-deductible

Marietta, GA501(c)(3)EducationEIN 58-2123791

This page gets seen. Tell your story. Claim this org.

Award scholarships to deserving students along with enhancing athletic facilities at lassister high school.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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 $672 a year · 18% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
471 mo
of spending, in cash
Looks good: 471.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$361K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 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
$939
-85% vs prior year
Spent
$140
To programs
0%
Net assets
$914K
By yearFY2020–FY2024
Revenue
$939
FY2023▼ -85%
Revenue by fiscal year
FY2020$2K
FY2021$8K
FY2022$6K
FY2023$939
FY2024$1K
Expenses
$140
FY2023▼ -96%
Expenses by fiscal year
FY2020$7K
FY2021$3K
FY2022$4K
FY2023$140
FY2024$2K
Net assets
$914K
FY2023-0.4%
Net assets by fiscal year
FY2020$911K
FY2021$916K
FY2022$917K
FY2023$914K
FY2024$913K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 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 May 1995.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $140

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Teacher Rep
$0Pt VII · Sec A
Teacher Rep
$0Pt VII · Sec A
See Lassitier Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Awards scholarships and enhances athletic facilities for deserving students.

Provided by the organization

This section is blank until Lassitier Foundation INC claims this page.

Know this organization? Claim it to add your story

3 program services, described in the organization's own filed words · FY2023.
01

Recognize deserving students at various functions throughout the school year and also create a preparatory class to assist in understanding taking the S.A.T.TEST to gain admission to college.

Pt IX · col B
02

The lassiter foundation proudly gives scholarships to deserving students of lassister high school.

Pt IX · col B
03

The lassiter foundation works to enhance the athletic facilities at lassiter high school.

Pt IX · col B

Run this program? Claim this org to tell your story

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$939
Ln 12
Investment incomeLn 3$939
Money outPt IX
$140
Ln 25
Managementcol C$140
Owns and owesPt X
$914K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$1.3M
LiabilitiesLn 26$361K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$939
Gains on assetsLn 7$0
Total revenueLn 12$939
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$0
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$43K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$361K
Net assetsLn 32$914K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$6K$5K
InvestmentsLn 11–13$52K$43K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$366K$361K
Net assetsLn 32$917K$914K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$140$140
All other expensesLn 24e$0
Total functional expensesLn 25$140$0$140$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1K$2K−$737$913K 990 PDF
FY2023 Viewing $939$140$799$914K 990 PDF
FY2022 $6K$4K$3K$917K 990 PDF
FY2021 $8K$3K$5K$916K 990 PDF
FY2020 $2K$7K−$4K$911K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $939 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $939$939
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $939$939
Part IX · Statement of functional expenses $140 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $140$140
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $140 · Fundraising $0$140
Part X · Balance sheet $1,274,253 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $5,640$5,498
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,225,357$1,225,357
X-11 Publicly traded securitiesStart of year $52,459$43,398
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,283,456$1,274,253
X-26 Total liabilitiesStart of year $366,358$360,570
X-32 Total net assets or fund balancesStart of year $917,098$913,683
X-33 Total liabilities and net assetsStart of year $1,283,456$1,274,253
Part XI · Reconciliation of net assets $913,683 net assets at year end
XI-1 Total revenue$939
XI-2 Total expenses$140
XI-3 Revenue less expenses$799
XI-4 Net assets at start of year$917,098
XI-8 Prior period adjustments−$4,214
XI-10 Net assets at end of year$913,683

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.