Leon Karelitz Charitable Trust FY2022 filing

Tax-deductible

Lawrence, KS501(c)(3)Since 2010EIN 61-6400249Revenue $39K in FY2022

On file with the IRSPo Box 928, 66044-0928 · Lawrence, KSTax-exempt since Sep 2010Supporting organization — 509(a)(3)

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To provide support for the benefit of the University of Kansas School of Law.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$489 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
5 of 5
filings with a surplus
Average surplus $13K a year · 27% of revenue · last 5 filings
Looks good: a surplus in 5 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
$489
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39K
-13% vs prior year
Spent
$22K
To programs
87%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$39K
FY2022▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$45K
FY2021$45K
FY2022$39K
FY2023$47K
FY2024$66K
FY2024$78K
Expenses
$22K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$24K
FY2022$22K
FY2023$39K
FY2024$55K
FY2024$65K
Net assets
$2.1M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.3M
FY2022$2.1M
FY2023$2.0M
FY2024$2.0M
FY2024$2.1M

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) 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 Sep 2010.

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% · $20K Management & general 13% · $3K

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

1 person listed on the 990; $489 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kansas University Endowment Assoc$1,522$1,279————
The Kansas University Endowment Association——$887$489$529$855

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 15aNo

Programs and updates

Supports the University of Kansas School of Law.

Provided by the organization

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1 program · $20K · in their own filed words · FY2021
01

To provide support to enhance the teaching of evidence at the University of Kansas School of Law.

$20Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $222K · 2019–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$39K
Ln 12
Investment incomeLn 3$39K
Money outPt IX
$22K
Ln 25
Programscol B$20K
Managementcol C$3K
Owns and owesPt X
$2.1M
net assets · Ln 32
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$39K
Total revenueLn 12$39K
Assets in detailPt X, end of year
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
InvestmentsLn 11–13$2.3M$2.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.3M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$489$489
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$0$0$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$22K$20K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $66K$55K$12K$2.0M 990 PDF
FY2023 $47K$39K$8K$2.0M 990 PDF
FY2022 Viewing $39K$22K$17K$2.1M 990 PDF
FY2021 $45K$24K$21K$2.3M 990 PDF
FY2020 $45K$37K$8K$2.4M 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 (6 parts)
Part I · Summary $39,394 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $45,381$39,394
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $45,381$39,394
I-13 Grants and similar amounts paidPrior year $21,167$19,560
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $529$489
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,261$2,318
I-18 Total expensesPrior year $23,957$22,367
I-19 Revenue less expensesPrior year $21,424$17,027
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $39,394 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $39,394$39,394
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,394$39,394
Part IX · Statement of functional expenses $22,367 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $19,560$19,560
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffManagement $489$489
IX-11c Accounting feesManagement $2,318$2,318
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $19,560 · Management $2,807 · Fundraising $0$22,367
Part X · Balance sheet $2,119,185 assets, 11 lines filed
X-4 Accounts receivableStart of year $4,762$4,401
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $2,330,462$2,114,784
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,335,224$2,119,185
X-17 Accounts payable and accrued expensesStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $2,335,224$2,119,185
X-32 Total net assets or fund balancesStart of year $2,335,224$2,119,185
X-33 Total liabilities and net assetsStart of year $2,335,224$2,119,185
Part XI · Reconciliation of net assets $2,119,185 net assets at year end
XI-1 Total revenue$39,394
XI-2 Total expenses$22,367
XI-3 Revenue less expenses$17,027
XI-4 Net assets at start of year$2,335,224
XI-5 Net unrealized gains (losses) on investments−$233,066
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,119,185

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

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