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Lionsgate Foundation FY2021 filing

Tax-deductible

Saint Louis Park, MN501(c)(3)Diseases & DisordersEIN 80-0467280

Fundraising and grantmaking for innovative educational programming, activities and training for students and staff at Lionsgate Academy.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $38K a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
39 mo
of spending, in cash
Looks good: 38.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $38K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$72K
-31% vs prior year
Spent
$37K
To programs
82%
Net assets
$325K
By yearFY2020–FY2024
Revenue
$72K
FY2021▼ -31%
Revenue by fiscal year
FY2020$104K
FY2021$72K
FY2022$132K
FY2023$126K
FY2024$144K
Expenses
$37K
FY2021▼ -49%
Expenses by fiscal year
FY2020$73K
FY2021$37K
FY2022$41K
FY2023$80K
FY2024$160K
Net assets
$325K
FY2021▲ +12%
Net assets by fiscal year
FY2020$290K
FY2021$325K
FY2022$417K
FY2023$463K
FY2024$447K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $30K Management & general 18% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Kathy Carlson
Vice Chair
$0Pt VII · Sec A
Ron Berger
Treasurer
$0Pt VII · Sec A
Tony Farah
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Aaron Leisen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lionsgate 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 15aNo

Programs and updates

Funds and grants support innovative educational programs and training for students and staff.

Provided by the organization

This section is blank until Lionsgate Foundation claims this page.

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1 program service account for $30K of program spending, described in the organization's own filed words · FY2021.
01

Grants made to Lionsgate Academy in support of facility upgrades, student field trips, student exercise equipment, technology equipment, staff awards for special education licensure.

$30Kprogram expense

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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 · FY2024
American Online Giving Foundation INCFY2024$21K
American Endowment FoundationFY2024$10K
Donor Advised Charitable Giving INCFY2024$7K
Total grants receivedfrom 3 funders$38K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$72K
Ln 12
Gifts and grantsLn 1h$71K
Investment incomeLn 3$82
Money outPt IX
$37K
Ln 25
Programscol B$30K
Managementcol C$7K
Owns and owesPt X
$325K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$328K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$65K
Investment incomeLn 3$82
Total revenueLn 12$72K
Assets in detailPt X, end of year
CashLn 1$119K
Cash and savings togetherLn 1–2$119K
InvestmentsLn 11–13$203K
Total assetsLn 16$328K
LiabilitiesLn 26$3K
Net assetsLn 32$325K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$86K$119K
InvestmentsLn 11–13$203K$203K
Total assetsLn 16$290K$328K
LiabilitiesLn 26$0$3K
Net assetsLn 32$290K$325K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Advertising and promotionLn 12$500$500
Office expensesLn 13$592$592
Information technologyLn 14$1K$1K
OccupancyLn 16$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$757$0$757$0
Total functional expensesLn 25$37K$30K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $144K$160K−$16K$447K 990 PDF
FY2023 $126K$80K$47K$463K 990 PDF
FY2022 $132K$41K$92K$417K 990 PDF
FY2021 Viewing $72K$37K$35K$325K 990 PDF
FY2020 $104K$73K$32K$290K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $71,550 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$65,468
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$71,468
VIII-3 Investment incomeRelated to mission $82 · Unrelated business $0 · Excluded from tax $0$82
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $82 · Unrelated business $0 · Excluded from tax $0$71,550
Part IX · Statement of functional expenses $36,854 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $30,319$30,319
IX-12 Advertising and promotionManagement $500$500
IX-13 Office expensesManagement $592$592
IX-14 Information technologyManagement $1,482$1,482
IX-16 OccupancyManagement $1,500$1,500
IX-23 InsuranceManagement $1,704$1,704
IX-24 Other expenses (24a–d)Programs $0 · Management $757 · Fundraising $0$757
IX-25 Total functional expensesPrograms $30,319 · Management $6,535 · Fundraising $0$36,854
Part X · Balance sheet $327,900 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $85,646$119,368
X-3 Pledges and grants receivableStart of year $2,101$5,873
X-11 Publicly traded securitiesStart of year $202,638$202,659
X-16 Total assetsStart of year $290,385$327,900
X-17 Accounts payable and accrued expenses$2,819
X-26 Total liabilitiesStart of year $0$2,819
X-32 Total net assets or fund balancesStart of year $290,385$325,081
X-33 Total liabilities and net assetsStart of year $290,385$327,900
Part XI · Reconciliation of net assets $325,081 net assets at year end
XI-1 Total revenue$71,550
XI-2 Total expenses$36,854
XI-3 Revenue less expenses$34,696
XI-4 Net assets at start of year$290,385
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$325,081

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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