Ldl Educational Resources Foundation EIN 75-2459151 Form 990 (PDF) Claim this org

Ldl Educational Resources Foundation FY2023 filing

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Funds health, education, and environmental projects in rural areas. For fiscal year 2023 it reported $390K in revenue, $274K in expenses, and $1.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Glen Rose, TX
Filings
5 on file (2020–2023)
Revenue
$390KFY2023
Expenses
$274K
Net assets
$1.0M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2459151 Public charity (501(c)(3)) Glen Rose, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
$390K revenue, $274K expenses
Bottom line
50% program efficiency
Where the money goes · FY2023
Total revenue
$390K
Pt VIII · Ln 12
Total expenses
$274K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $116K
Where spending went · Part IX cols B–D
Program services $0.50 Management & general $0.50
Program efficiency
50%
of spending reaches programs
Operating runway
39.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$390K
FY2023▲ +5%
Expenses
$274K
FY2023▼ -6%
Total assets
$1.1M
FY2023▲ +12%
Total liabilities
$9K
FY2023▼ -38%
Total revenue
$390K
Pt VIII · Ln 12
Total expenses
$274K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$116K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B50%
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 $138K of program spending, described in the organization's own filed words · FY2023.
01

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

$83Kprogram expense
02

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

$34Kprogram expense
03

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

$22Kprogram 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
Secretary/Tr
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$339K · 87%
Contributions & grants$38K · 10%
Investment income$13K · 3%
Other revenue87%$339K
Contributions & grants10%$38K
Investment income3%$13K
Total revenueLn 12$390K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.50 Management & general $0.50
Program services50%$138K
Management & general50%$136K
Total functional expensesLn 25$274K

Balance Sheet

Part X · end of year
CashLn 1$903K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$9K
Total net assetsLn 32$1.0M
Months of cash on handcomputed39.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $903K · Operating expenses/yr $274K
39.5 months
Where the money goes
Program services
Program services $138K · Total expenses $274K
50%
Management & General
Management & general $136K · Total expenses $274K
50%
Fundraising
Fundraising $0 · Total expenses $274K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $55K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $38K · Total revenue $390K
10%
Government reliance
Government grants — · Total revenue $390K
Earned-income share
Program service revenue $0 · Total revenue $390K
0%
Investment reliance
Investment income $13K · Total revenue $390K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $274K
0%
Growth & trend
Revenue growth (YoY)
This year $390K · Prior year $373K
+5%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $390K · Expenses $274K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.0M · Total assets $1.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
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 $274K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $125K · Total expenses $274K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 50%
Overhead ratio 50%
Fundraising cost ratio 0%
Revenue growth 5%
Accounting fee ratio 0.2%

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 · ⤓ 990 PDF
FY2023$390K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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