Lamar School Foundation

Tax-deductible

Meridian, MS501(c)(3)Since 1964EducationEIN 64-6026543Revenue $7.1M in FY2025

On file with the IRSlamarschool.com544 Lindley Rd, 39305-2301 · Meridian, MSTax-exempt since May 1983School — 170(b)(1)(A)(ii)

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To provide a challenging and stimulating curriculum for college-bound students

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $892K a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$673K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.1M
+2% vs prior year
Spent
$6.7M
To programs
91%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$7.1M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.0M
FY2021$5.7M
FY2022$8.4M
FY2023$7.3M
FY2024$7.0M
FY2025$7.1M
Expenses
$6.7M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$5.5M
FY2022$6.2M
FY2023$6.1M
FY2024$6.3M
FY2025$6.7M
Net assets
$11.1M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$6.7M
FY2022$8.9M
FY2023$10.0M
FY2024$10.6M
FY2025$11.1M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1983.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $6.0M Management & general 9% · $630K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Lamar School Foundation 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 15aYes

Programs and updates

Offers college-bound students a challenging and stimulating curriculum.

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Provided by the organization

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1 program · $6.0M · in their own filed words · FY2024
01

The advancement of students from pre-kindergarden to college entrance

$6.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Fees for servicesLn 2g$6.4M
Other incomeLn 4–11$518K
Gifts and grantsLn 1h$172K
Money outPt IX
$6.7M
Ln 25
Programscol B$6.0M
Managementcol C$630K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$11.7M
LiabilitiesLn 26$673K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$172K
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$31K
Other incomeLn 4–11$518K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$699K
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$686K
Land, buildings, equipmentLn 10c$7.7M
Other assetsLn 15$113K
Total assetsLn 16$11.7M
LiabilitiesLn 26$673K
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 5140
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.0M$1.9M
InvestmentsLn 11–13$628K$686K
Land, buildings, equipmentLn 10c$6.9M$7.7M
Total assetsLn 16$11.0M$11.7M
LiabilitiesLn 26$373K$673K
Net assetsLn 32$10.6M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$3.4M$3.0M$335K
Pension plan contributionsLn 8$76K$68K$8K
Payroll taxesLn 10$242K$218K$24K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$639K$634K$5K
Advertising and promotionLn 12$9K$8K$889
Office expensesLn 13$88K$79K$9K
Information technologyLn 14$108K$97K$11K
TravelLn 17$45K$41K$5K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$456K$456K
InsuranceLn 23$139K$139K
Other expenses (24a–d)Ln 24$1.3M$1.2M$54K
All other expensesLn 24e$190K$187K$3K
Total functional expensesLn 25$6.7M$6.0M$630K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.1M$6.7M$423K$11.1M 990 PDF
FY2024 $7.0M$6.3M$659K$10.6M 990 PDF
FY2023 $7.3M$6.1M$1.1M$10.0M 990 PDF
FY2022 $8.4M$6.2M$2.2M$8.9M 990 PDF
FY2021 $5.7M$5.5M$180K$6.7M 990 PDF
FY2020 $6.0M$5.3M$775K$6.5M 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 FY2025 990 (6 parts)
Part I · Summary $7,087,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $259,027$171,692
I-9 Program service revenuePrior year $6,159,703$6,367,523
I-10 Investment incomePrior year $28,412$30,714
I-11 Other revenuePrior year $508,032$517,743
I-12 Total revenuePrior year $6,955,174$7,087,672
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,449,125$3,672,455
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,847,510$2,991,983
I-18 Total expensesPrior year $6,296,635$6,664,438
I-19 Revenue less expensesPrior year $658,539$423,234
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,087,672 across 8 lines filed
Lines not itemized here account for $170,602 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$171,692
VIII-1h Total contributions, gifts and grants$171,692
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,196,921$6,196,921
VIII-3 Investment incomeRelated to mission $30,714$30,714
VIII-6 Net rental income or lossUnrelated business −$7,450−$7,450
VIII-8 Net income from fundraising eventsExcluded from tax $110,714$110,714
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $414,479$414,479
VIII-12 Total revenueRelated to mission $6,812,716 · Unrelated business −$7,450 · Excluded from tax $110,714$7,087,672
Part IX · Statement of functional expenses $6,664,438 across 15 lines filed
IX-6 Pay of disqualified personsPrograms $3,018,606 · Management $335,401$3,354,007
IX-8 Pension plan contributionsPrograms $68,474 · Management $7,608$76,082
IX-10 Payroll taxesPrograms $218,129 · Management $24,237$242,366
IX-11b Legal feesManagement $7,505$7,505
IX-11c Accounting feesManagement $18,100$18,100
IX-11g Other fees for servicesPrograms $633,560 · Management $5,281$638,841
IX-12 Advertising and promotionPrograms $7,996 · Management $889$8,885
IX-13 Office expensesPrograms $78,900 · Management $8,768$87,668
IX-14 Information technologyPrograms $97,308 · Management $10,812$108,120
IX-17 TravelPrograms $40,667 · Management $4,518$45,185
IX-20 InterestManagement $12,112$12,112
IX-22 Depreciation, depletion and amortizationPrograms $456,327$456,327
IX-23 InsuranceManagement $138,516$138,516
IX-24 Other expenses (24a–d)Programs $1,226,940 · Management $53,727$1,280,667
IX-24e All other expensesPrograms $187,109 · Management $2,948$190,057
IX-25 Total functional expensesPrograms $6,034,016 · Management $630,422 · Fundraising $0$6,664,438
Part X · Balance sheet $11,743,433 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,130,166$1,186,488
X-2 Savings and temporary cash investmentsStart of year $872,233$698,888
X-4 Accounts receivableStart of year $1,316,784$1,349,662
X-8 Inventories for sale or useStart of year $17,462$16,335
X-9 Prepaid expenses and deferred chargesStart of year $20,780$29,736
X-10c Land, buildings and equipment, netStart of year $6,931,533$7,663,784
X-11 Publicly traded securitiesStart of year $628,295$685,514
X-15 Other assetsStart of year $103,026$113,026
X-16 Total assetsStart of year $11,020,279$11,743,433
X-17 Accounts payable and accrued expensesStart of year $95,617$84,973
X-19 Deferred revenueStart of year $215,404$159,788
X-26 Total liabilitiesStart of year $372,745$672,665
X-27 Net assets without donor restrictionsStart of year $9,601,212$9,920,470
X-28 Net assets with donor restrictionsStart of year $1,046,322$1,150,298
X-32 Total net assets or fund balancesStart of year $10,647,534$11,070,768
X-33 Total liabilities and net assetsStart of year $11,020,279$11,743,433
Part XI · Reconciliation of net assets $11,070,768 net assets at year end
XI-1 Total revenue$7,087,672
XI-2 Total expenses$6,664,438
XI-3 Revenue less expenses$423,234
XI-4 Net assets at start of year$10,647,534
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,070,768

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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