Ldl Educational Resources Foundation EIN 75-2459151

Ldl Educational Resources Foundation

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Funds health, education, and environmental projects in rural areas. For fiscal year 2024 it reported $436K in revenue, $253K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Glen Rose, TX
Filings
5 on file (2020–2024)
Revenue
$436KFY2024
Expenses
$253K
Net assets
$1.2M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2459151 Public charity (501(c)(3)) Glen Rose, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds health, education, and environmental projects in rural areas.
Leadership
Dorothy Gibbs · President
Money in and out
$436K revenue, $253K expenses
Bottom line
33% program efficiency
Where the money goes · FY2024
Total revenue
$436K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $183K
Where spending went · Part IX cols B–D
Program services $0.33 Management & general $0.67
Program efficiency
33%
of spending reaches programs▼ -35% vs prior filing year
Operating runway
51.4mo
months of highly liquid reserves at operating expense rate▲ +30% vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$436K
FY2024▲ +12%
Expenses
$253K
FY2024▼ -8%
Total assets
$1.2M
FY2024▲ +18%
Total liabilities
$11K
FY2024▲ +23%
Total revenue
$436K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$183K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B33%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $83K of program spending, described in the organization's own filed words · FY2024.
01

Financial support of dinosaur valley state park (a public park).

$49Kprogram expense
02

Those with financial need are assisted with payment of medical expenses and transportation.

$18Kprogram expense
03

Financial support of various organizations including drinking & driving education, girls softball, boy scouts, childrens advocacy, food bank, museum, angel tree, and school groups.

$16Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLdl Educational Resources Foundation
EINHdr · item D75-2459151
Principal addressHdr · item CGlen Rose, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80Z)
Ruling yearIRS BMFFeb 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
VP Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$374K · 86%
Contributions & grants$37K · 9%
Investment income$25K · 6%
Other revenue86%$374K
Contributions & grants9%$37K
Investment income6%$25K
Total revenueLn 12$436K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.33 Management & general $0.67
Program services33%$83K
Management & general67%$170K
Total functional expensesLn 25$253K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$11K
Total net assetsLn 32$1.2M
Months of cash on handcomputed51.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $253K
51.4 months
Where the money goes
Program services
Program services $83K · Total expenses $253K
33%
Management & General
Management & general $170K · Total expenses $253K
67%
Fundraising
Fundraising $0 · Total expenses $253K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $60K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $37K · Total revenue $436K
9%
Government reliance
Government grants — · Total revenue $436K
Earned-income share
Program service revenue $0 · Total revenue $436K
0%
Investment reliance
Investment income $25K · Total revenue $436K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $253K
0%
Growth & trend
Revenue growth (YoY)
This year $436K · Prior year $390K
+12%
Revenue CAGR
FY2020 $493K · FY2024 $436K
-3%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $436K · Expenses $253K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dorothy Gibbs · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $253K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $253K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 33%
Overhead ratio 67%
Fundraising cost ratio 0%
Revenue growth 12%
Investment management fee ratio 0.2%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $30K · 2020–2020
Unitemized GrantFY2020$15,039
Unitemized GrantFY2020$11,327
Unitemized GrantFY2020$3,545

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$436K revenue · viewing · ⤓ 990 PDF
FY2023$390K revenue · ⤓ 990 PDF
FY2022$373K revenue · ⤓ 990 PDF
FY2021$679K revenue · ⤓ 990 PDF
FY2020$493K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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