Lyceum Foundation

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We aim to provide working families access to a variety of extracurricular activities that their parents cannot drive to. In addition, we focus on the daily guided practice necessary to excel in any skill, whether it be daily music practice, daily math drills, daily reading, daily sports training, and many more. We provide the consistency and positive peer environment to support a busy working family.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-4454768) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$99K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $7K a year · 0.8% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 2 voting members
None of 2 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.1M
+16% vs prior year
Spent
$1.0M
To programs
100%
Net assets
$51K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$174K
FY2021$648K
FY2022$831K
FY2023$903K
FY2024$1.1M
Expenses
$1.0M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$634K
FY2022$854K
FY2023$901K
FY2024$1.0M
Net assets
$51K
FY2024▲ +228%
Tap a bar for its year
Net assets by fiscal year
FY2020$23K
FY2021$37K
FY2022$14K
FY2023$15K
FY2024$51K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990; $99K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$60,000Pt VII · Sec A
Secretary
$39,000Pt VII · Sec A

Darlene Mizumoto’s $60K as Director is at the 10th percentile of top reported officer pay among 3395 $1–10M education 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

NameFY2024FY2023FY2022FY2021
Darlene Mizumoto$60,000$60,000$62,000—
Akiko Leone$39,000$40,000$40,500$39,496

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 Lyceum 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

Offers guided daily practice and extracurricular activities for children of working families.

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3 programs · $1.0M · in their own filed words · FY2024
01

Provided educational camps during summer and holidays.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-4454768) · Dispute this line
$961Kprogram expense
02

Provided transportation to those parents needing pick-up and drop-off at Lyceum.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-4454768) · Dispute this line
$55Kprogram expense
03

Provided discounted tutoring and athletic scholarships for low-income students.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-4454768) · Dispute this line
$500program expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$0
Net assetsLn 32$51K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$15K$51K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$15K$51K
LiabilitiesLn 26$0$0
Net assetsLn 32$15K$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$99K$99K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$29K$29K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$277K$277K
TravelLn 17$55K$55K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$539K$539K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$1.0M$1.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS May 20, 2026 $1.1M$1.0M$35K$51K 990 PDF
FY2023Filed with the IRS Dec 6, 2024 $903K$901K$2K$15K 990 PDF
FY2022Filed with the IRS Jun 22, 2023 $831K$854K−$23K$14K 990 PDF
FY2021Filed with the IRS Nov 16, 2022 $648K$634K$15K$37K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $174K$23K 990 PDF

Schedules filed Part IV

A · Public support O · Explanations
See the full FY2024 990
Part I · Summary $1,051,583 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,037$0
I-9 Program service revenuePrior year $897,660$1,051,583
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $902,697$1,051,583
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $100,000$99,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $801,185$917,264
I-18 Total expensesPrior year $901,185$1,016,264
I-19 Revenue less expensesPrior year $1,512$35,319
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,051,583 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,051,583$1,051,583
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,051,583$1,051,583
Part IX · Statement of functional expenses $1,016,264 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $99,000$99,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $3,959$3,959
IX-13 Office expensesPrograms $29,386$29,386
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $276,932$276,932
IX-17 TravelPrograms $54,908$54,908
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $8,433$8,433
IX-24 Other expenses (24a–d)Programs $538,627$538,627
IX-24e All other expensesPrograms $5,019$5,019
IX-25 Total functional expensesPrograms $1,016,264 · Management $0 · Fundraising $0$1,016,264
Part X · Balance sheet $50,805 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $15,486$50,805
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $15,486$50,805
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $15,486$50,805
X-32 Total net assets or fund balancesStart of year $15,486$50,805
X-33 Total liabilities and net assetsStart of year $15,486$50,805
Part XI · Reconciliation of net assets $50,805 net assets at year end
XI-1 Total revenue$1,051,583
XI-2 Total expenses$1,016,264
XI-3 Revenue less expenses$35,319
XI-4 Net assets at start of year$15,486
XI-10 Net assets at end of year$50,805

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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