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
69 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
15 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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-2931329) · Dispute this lineOrganization provided scholarships to (1) fund rehabilitation needs for individuals with paralysis due to complex neurological disease or injury when the resources for funding has expired; and (2) fund dreams or desires to PATIENTS/CLIENTS from within the sci community. There were 15 total scholarships awarded in 2022.
Form 990 Part III, line 4, FY2022. 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 FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $491K | $1.0M |
| Total assetsLn 16 | $501K | $1.0M |
| LiabilitiesLn 26 | −$1K | $6K |
| Net assetsLn 32 | $502K | $1.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $115K | $115K | ||
| Grants to domestic individualsLn 2 | $92K | $92K | ||
| Other salaries and wagesLn 7 | $170K | $170K | ||
| Payroll taxesLn 10 | $13K | $13K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $78 | $78 | ||
| Office expensesLn 13 | $18K | $18K | ||
| TravelLn 17 | $2K | $2K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $248K | $248K | ||
| All other expensesLn 24e | $22K | $22K | ||
| Total functional expensesLn 25 | $686K | $476K | $209K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled 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 |
| FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $1,156,506 revenue, 12 lines filed
Part VI · Governance 15 of 16 board members independent, 4 to look at
Part VIII · Statement of revenue $1,156,506 across 7 lines filed
Part IX · Statement of functional expenses $685,689 across 11 lines filed
Part X · Balance sheet $1,036,001 assets, 9 lines filed
Part XI · Reconciliation of net assets $1,029,899 net assets at year end
Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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