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Les Passees INC FY2020 filing

Tax-deductible

Memphis, TN501(c)(3) EIN 62-6036378Revenue $114K in FY2020

On file with the IRSlpmemphis.org5489 Murray Ave, 38119-3703 · Memphis, TNTax-exempt since Jun 1954Publicly supported charity — 170(b)(1)(A)(vi)

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To provide advocacy and support to enhance the quality of life for children and their families in our community through financial support to various local charities.

501(c)(3) charity; gifts are tax-deductible.
37¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $51K a year · 19% 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
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Plus $369K in investments, Pt X · Ln 11–13
Looks good: 19.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $265
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
1% of total assets
Looks good: liabilities are 1% 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
$114K
Spent
$191K
To programs
37%
Net assets
$999K
By yearFY2020–FY2024
Revenue
$114K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$114K
FY2021$250K
FY2022$211K
FY2023$432K
FY2024$338K
Expenses
$191K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$165K
FY2022$273K
FY2023$210K
FY2024$252K
Net assets
$999K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$999K
FY2021$1.1M
FY2022$1.0M
FY2023$1.2M
FY2024$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Jun 1954.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $72K Management & general 58% · $111K Fundraising 4% · $8K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Janine Carney
Junior One C
$0Pt VII · Sec A
$0Pt VII · Sec A
Jennifer Kruchten
President El
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Newell
Associate Ch
$0Pt VII · Sec A
Cheryl Pennock
Vice Treasur
$0Pt VII · Sec A
Patricia Posey
Corr Secreta
$0Pt VII · Sec A
Karyn Whittington
Parliamentar
$0Pt VII · Sec A
See Les Passees 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

Supports local charities financially to improve children's and families' lives.

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Provided by the organization

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1 program · $72K · in their own filed words · FY2020
01

To provide advocacy and support to enhance the quality of life for children and their families in our community through financial support to various local charities.

$72Kprogram expense

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 · FY2023
Amazonsmile FoundationFY2023$145
Carolyn W and Charles T Beaird Family FoundationFY2023$120
Total grants receivedfrom 2 funders$265
Grants paid · 7 grants · $236K · 2020–2024
GrantsFY2024$60,000
Individual RecipientFY2023$28,500
Individual RecipientFY2022$37,825
Individual RecipientFY2022$30,000
Harwood Center INCTN · FY2021$20,000
Harwood Center INCTN · FY2020$50,000
University of MemphisFY2020$10,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$114K
Ln 12
Other incomeLn 4–11$34K
Gifts and grantsLn 1h$32K
Investment incomeLn 3$32K
Money outPt IX
$191K
Ln 25
Programscol B$72K
Managementcol C$111K
Fundraisingcol D$8K
Owns and owesPt X
$999K
net assets · Ln 32
Cash and savingsLn 1–2$317K
Total assetsLn 16$1.0M
LiabilitiesLn 26$13K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$15K
Investment incomeLn 3$32K
Other incomeLn 4–11$34K
Total revenueLn 12$114K
Assets in detailPt X, end of year
CashLn 1$312K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$317K
InvestmentsLn 11–13$369K
Land, buildings, equipmentLn 10c$325K
Total assetsLn 16$1.0M
LiabilitiesLn 26$13K
Net assetsLn 32$999K
OperationsPt I, VI
EmployeesI 57
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 FY20End FY20
Cash and savingsLn 1–2$483K$317K
InvestmentsLn 11–13$339K$369K
Land, buildings, equipmentLn 10c$323K$325K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$68K$13K
Net assetsLn 32$1.1M$999K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Other salaries and wagesLn 7$47K$9K$37K
Payroll taxesLn 10$4K$716$3K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$16K$303$16K
Depreciation, depletion and amortizationLn 22$14K$561$13K
InsuranceLn 23$13K$10K$3K
Other expenses (24a–d)Ln 24$22K$300$17K$5K
All other expensesLn 24e$6K$283$6K$533
Total functional expensesLn 25$191K$72K$111K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $338K$252K$86K$1.3M 990 PDF
FY2023 $432K$210K$221K$1.2M 990 PDF
FY2022 $211K$273K−$62K$1.0M 990 PDF
FY2021 $250K$165K$86K$1.1M 990 PDF
FY2020 Viewing $114K$191K−$78K$999K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $113,504 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $44,521$32,316
I-9 Program service revenuePrior year $23,448$14,900
I-10 Investment incomePrior year $32,786$31,895
I-11 Other revenuePrior year $197,449$34,393
I-12 Total revenuePrior year $298,204$113,504
I-13 Grants and similar amounts paidPrior year $60,100$60,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $61,735$50,744
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $83,240$80,327
I-18 Total expensesPrior year $205,075$191,071
I-19 Revenue less expensesPrior year $93,129−$77,567
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $113,504 across 7 lines filed
VIII-1b Membership dues$25,579
VIII-1f All other contributions, gifts and grants$6,737
VIII-1h Total contributions, gifts and grants$32,316
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,900$14,900
VIII-3 Investment incomeRelated to mission $21,281 · Excluded from tax $10,614$31,895
VIII-8 Net income from fundraising events$34,393
VIII-12 Total revenueRelated to mission $36,181 · Excluded from tax $10,614$113,504
Part IX · Statement of functional expenses $191,071 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $60,000$60,000
IX-7 Other salaries and wagesPrograms $9,360 · Management $37,379$46,739
IX-10 Payroll taxesPrograms $716 · Management $3,289$4,005
IX-11c Accounting feesManagement $8,800$8,800
IX-13 Office expensesPrograms $303 · Management $15,943$16,246
IX-22 Depreciation, depletion and amortizationPrograms $561 · Management $13,360$13,921
IX-23 InsuranceManagement $10,303 · Fundraising $2,521$12,824
IX-24 Other expenses (24a–d)Programs $300 · Management $16,518 · Fundraising $5,337$22,155
IX-24e All other expensesPrograms $283 · Management $5,565 · Fundraising $533$6,381
IX-25 Total functional expensesPrograms $71,523 · Management $111,157 · Fundraising $8,391$191,071
Part X · Balance sheet $1,011,691 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $467,677$312,008
X-2 Savings and temporary cash investmentsStart of year $15,204$5,284
X-10c Land, buildings and equipment, netStart of year $322,986$325,202
X-11 Publicly traded securitiesStart of year $338,794$369,197
X-16 Total assetsStart of year $1,144,661$1,011,691
X-25 Other liabilitiesStart of year $68,113$12,710
X-26 Total liabilitiesStart of year $68,113$12,710
X-27 Net assets without donor restrictionsStart of year $1,076,548$998,981
X-32 Total net assets or fund balancesStart of year $1,076,548$998,981
X-33 Total liabilities and net assetsStart of year $1,144,661$1,011,691
Part XI · Reconciliation of net assets $998,981 net assets at year end
XI-1 Total revenue$113,504
XI-2 Total expenses$191,071
XI-3 Revenue less expenses−$77,567
XI-4 Net assets at start of year$1,076,548
XI-10 Net assets at end of year$998,981

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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