Lcg Icare Foundation FY2023 filing

Tax-deductible

Novi, MI501(c)(3)Foundations & GrantmakersEIN 81-0683487Revenue $750K in FY2023

On file with the IRSlcgicarefoundation.org21333 Haggerty Road, 48375-5510 · Novi, MITax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The Lcg Icare Foundation exists to assist learning care group child care providers in times of need. As child care professionals, we dedicate our lives to the education and care of children, often making personal sacrifices to be there for the children in learning care groups care. The Foundation is here to help dedicated learning care group associates should they experience an unexpected crisis or tragic event.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $216K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
38 mo
of spending, in cash
Looks good: 37.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$750K
+19% vs prior year
Spent
$532K
To programs
79%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$750K
FY2023▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$341K
FY2021$488K
FY2022$628K
FY2023$750K
FY2024$782K
Expenses
$532K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$242K
FY2022$496K
FY2023$532K
FY2024$577K
Net assets
$2.0M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.7M
FY2023$2.0M
FY2024$2.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 May 2017.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $419K Management & general 10% · $54K Fundraising 11% · $59K

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

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Who runs it and what they're paid

16 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$84,420Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Emily Weiss’s $91K as Executive Director is at the 80th percentile of top reported officer pay among 1265 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Emily Weiss$90,721$84,420—
Emily Pipesh——$57,750

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.

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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

Provides financial aid to child care providers facing unexpected crises.

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Provided by the organization

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1 program · $419K · in their own filed words · FY2023
01

Assist childcare providers experiencing an unexpected financial crisis or tragic event

$419Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$2K
Grants paid · 5 grants · $1.5M · 2020–2024
Unitemized GrantFY2024$416,542
Unitemized GrantFY2023$391,130
Unitemized GrantFY2022$404,015
Unitemized GrantFY2021$218,386
Unitemized GrantFY2020$55,160

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$750K
Ln 12
Gifts and grantsLn 1h$779K
Investment incomeLn 3$56K
Money outPt IX
$532K
Ln 25
Programscol B$419K
Managementcol C$54K
Fundraisingcol D$59K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.0M
LiabilitiesLn 26$3K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$779K
Fundraising eventsLn 1c$489K
Investment incomeLn 3$56K
Total revenueLn 12$750K
Assets in detailPt X, end of year
CashLn 1$42K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$277K
Total assetsLn 16$2.0M
LiabilitiesLn 26$3K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$1.7M
InvestmentsLn 11–13$246K$277K
Total assetsLn 16$1.7M$2.0M
LiabilitiesLn 26$5K$3K
Net assetsLn 32$1.7M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$391K$391K
Pay of current officers, directors and key staffLn 5$84K$25K$34K$25K
Other salaries and wagesLn 7$2K$481$642$481
Payroll taxesLn 10$7K$2K$3K$2K
Legal feesLn 11b$20K$12K$7K
Investment management feesLn 11f$3K$3K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$2K$2K
InsuranceLn 23$311$311
Other expenses (24a–d)Ln 24$18K$543$18K
Total functional expensesLn 25$532K$419K$54K$59K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $782K$577K$205K$2.2M 990 PDF
FY2023 Viewing $750K$532K$218K$2.0M 990 PDF
FY2022 $628K$496K$132K$1.7M 990 PDF
FY2021 $488K$242K$246K$1.6M 990 PDF
FY2020 $341K$64K$277K$1.4M 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 FY2023 990 (6 parts)
Part I · Summary $750,019 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $686,758$778,625
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,680$56,070
I-11 Other revenuePrior year −$62,519−$84,676
I-12 Total revenuePrior year $627,919$750,019
I-13 Grants and similar amounts paidPrior year $404,015$391,130
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $66,529$92,782
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,097$48,261
I-18 Total expensesPrior year $495,641$532,173
I-19 Revenue less expensesPrior year $132,278$217,846
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $750,019 across 6 lines filed
VIII-1c Fundraising events$488,881
VIII-1f All other contributions, gifts and grants$289,744
VIII-1h Total contributions, gifts and grants$778,625
VIII-3 Investment incomeExcluded from tax $56,070$56,070
VIII-8 Net income from fundraising eventsExcluded from tax −$84,676−$84,676
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$28,606$750,019
Part IX · Statement of functional expenses $532,173 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $391,130$391,130
IX-5 Pay of current officers, directors and key staffPrograms $25,327 · Management $33,767 · Fundraising $25,327$84,421
IX-7 Other salaries and wagesPrograms $481 · Management $642 · Fundraising $481$1,604
IX-10 Payroll taxesPrograms $2,027 · Management $2,703 · Fundraising $2,027$6,757
IX-11b Legal feesManagement $12,157 · Fundraising $7,482$19,639
IX-11f Investment management feesManagement $2,662$2,662
IX-12 Advertising and promotionFundraising $5,716$5,716
IX-13 Office expensesManagement $1,768$1,768
IX-23 InsuranceFundraising $311$311
IX-24 Other expenses (24a–d)Management $543 · Fundraising $17,622$18,165
IX-25 Total functional expensesPrograms $418,965 · Management $54,242 · Fundraising $58,966$532,173
Part X · Balance sheet $1,973,770 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $40,636$42,213
X-2 Savings and temporary cash investmentsStart of year $1,417,187$1,628,071
X-4 Accounts receivableStart of year $24,715$25,000
X-9 Prepaid expenses and deferred chargesStart of year $1,000$1,000
X-11 Publicly traded securitiesStart of year $246,279$277,486
X-16 Total assetsStart of year $1,729,817$1,973,770
X-17 Accounts payable and accrued expensesStart of year $4,992$3,269
X-26 Total liabilitiesStart of year $4,992$3,269
X-27 Net assets without donor restrictionsStart of year $1,724,825$1,970,501
X-32 Total net assets or fund balancesStart of year $1,724,825$1,970,501
X-33 Total liabilities and net assetsStart of year $1,729,817$1,973,770
Part XI · Reconciliation of net assets $1,970,501 net assets at year end
XI-1 Total revenue$750,019
XI-2 Total expenses$532,173
XI-3 Revenue less expenses$217,846
XI-4 Net assets at start of year$1,724,825
XI-5 Net unrealized gains (losses) on investments$27,830
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,970,501

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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