Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
16 people listed on the 990; $18K paid to officers and key staff (Part VII, Section A).
Mike Haynes’s $18K as Exec. Dir. is at the 17th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Mike Haynes | $18,409 | $18,000 | $18,000 | $18,000 |
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.
See Ls Classic Foundation executive salaries →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
Funds research, recovery, and recreation to cure spinal cord paralysis.
Questions for Ls Classic Foundation
Your first name shows with your question. Ls Classic Foundation answers here, for everyone.
Research
Raise funds for medical research to find a cure. Recovery - raise funds to help those injured receive physical therapy, and to buy equipment for the recovery center. Recreation - created an adaptive sports program for sci individuals
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2931329) · Dispute this lineResearch Funded Ut Austin
DR bittner's research using peg infusion in rats to cure paralysis... He is working on reconnecting the nerves where they were damaged. $110,000RECREATIONFUNDED camp scholarships for paraplegics and quadriplegicssponsor recreation events - wheelchair rugby, utsa tennis for parapelegics, atx abilities, austin rec'ersfacilitated several…
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2931329) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.9M | $3.1M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $2.9M | $3.1M |
| LiabilitiesLn 26 | $5K | $2K |
| Net assetsLn 32 | $2.9M | $3.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $148K | $148K | ||
| Other salaries and wagesLn 7 | $215K | $215K | ||
| Payroll taxesLn 10 | $21K | $21K | ||
| Legal feesLn 11b | $1K | $1K | ||
| Office expensesLn 13 | $13K | $11K | $2K | |
| TravelLn 17 | $220 | $220 | ||
| InsuranceLn 23 | $23K | $23K | ||
| Other expenses (24a–d)Ln 24 | $391K | $391K | ||
| All other expensesLn 24e | $11K | $11K | ||
| Total functional expensesLn 25 | $823K | $797K | $24K | $2K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 5, 2025 | $962K | $823K | $139K | $3.1M | 990 PDF |
| FY2023Filed with the IRS Nov 19, 2024 | $2.6M | $670K | $1.9M | $2.9M | 990 PDF |
| FY2022Filed with the IRS Nov 9, 2023 | $1.2M | $686K | $471K | $1.0M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $510K | $784K | −$274K | $502K | 990 PDF |
| FY2020Filed with the IRS Nov 2, 2021 | $408K | $631K | −$223K | $773K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $962,113 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 4 to look at
Part VIII · Statement of revenue $962,113 across 6 lines filed
Part IX · Statement of functional expenses $823,193 across 9 lines filed
Part X · Balance sheet $3,077,981 assets, 12 lines filed
Part XI · Reconciliation of net assets $3,076,286 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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