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Lean on Me Foundation FY2022 filing

Livington, MTUnknown exempt organizationEIN 83-2644942

The city of livingston is located in an economically depressed rural area near the entrance to yellowstone national park. Historically, the city hosted a three day "summerfest" each summer, which raised funds for the city's parks and youth programs. This three day event included major national touring musicians (I.e., in prior years the kingston trio and cheryl crow were headliners) as well as more local bands. The local high school reunions were held during the three day event, and many craft and food vendors also participated. IT functioned as a main draw for tourism and spending in the downtown area. The city suspended its support of this program several years ago citing increased costs and lagging attendance. This organization was formed to revitalize the event.in 2019, the inagural year, the event was a one day program, but in future years the potential exists to expand IT back to the long weekend. Funds are raised through local sponsorships and donations from the public.due to co

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $918 a year · 18% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16K
+468% vs prior year
Spent
$16K
To programs
97%
Net assets
$6K
By yearFY2020–FY2023
Revenue
$16K
FY2022▲ +468%
Revenue by fiscal year
FY2020$1K
FY2021$3K
FY2022$16K
FY2023$0
Expenses
$16K
FY2022▲ +691%
Expenses by fiscal year
FY2020$480
FY2021$2K
FY2022$16K
FY2023$6K
Net assets
$6K
FY2022▲ +7%
Net assets by fiscal year
FY2020$4K
FY2021$5K
FY2022$6K
FY2023$0

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CLean on Me Foundation
EINHdr · item D83-2644942
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CLivington, MT
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$15K
Management & general3%$513
Total functional expensesLn 25$16K

Finances

Money in and out, what it owns and owes

Surplus margin
+2%
revenue over expenses, this year
Program spending
97%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$6K
FY2022▲ +7%
Total assets by fiscal year
FY2020$4K
FY2021$5K
FY2022$6K
FY2023$0
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Revenue less expensesPt I · Ln 19$396
Total assetsPt X · Ln 16$6K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$6K
Total liabilitiesLn 26$0
Total net assetsLn 32$6K
Months of cash on handcomputed4.3

Statement of Revenue

Part VIII
Contributions & grants$16K · 99%
Program service revenue$171 · 1%
Contributions & grants99%$16K
Program service revenue1%$171
Total revenueLn 12$16K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $6K · Operating expenses/yr $16K
4.3 months
Where the money goes
Program services
Program services $15K · Total expenses $16K
97%
Management & General
Management & general $513 · Total expenses $16K
3%
Fundraising
Fundraising $0 · Total expenses $16K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $16K · Total revenue $16K
99%
Government reliance
Government grants — · Total revenue $16K
—
Earned-income share
Program service revenue $171 · Total revenue $16K
1%
Investment reliance
Investment income $0 · Total revenue $16K
0%
Program self-sufficiency
Program service revenue $171 · Total expenses $16K
1%
Growth & trend
Revenue growth (YoY)
This year $16K · Prior year $3K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $6K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $16K · Expenses $16K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $6K
—
Net-asset ratio
Net assets $6K · Total assets $6K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cory Soule · Reported title SECRETARY/TR · Highest reported compensation $0 · Total expenses $16K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $16K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 468%——
Accounting fee ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Cory Soule
Secretary/Tr
$0Pt VII · Sec A
Teresa Soule
Board Presid
$0Pt VII · Sec A
See Lean on Me Foundation executive salaries →

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Governance & Policies

Part VI
  • 2Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Revives a summer festival featuring national musicians, local bands, and vendors to fund parks and youth programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $15K of program spending, described in the organization's own filed words · FY2022.
01

See mission statement. The inagural event was held in the summer of 2019.

$15Kprogram 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 · this organization's grantmaking
Grants paid · 1 grant · $6K · 2023–2023
Park County Community FoundationMT · FY2023$5,738

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $0$6K-100% 990 PDF
FY2022 Viewing $16K$16K+468% 990 PDF
FY2021 $3K$2K+123% 990 PDF
FY2020 $1K$480 990 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

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $16,348 across 4 lines filed
VIII-1f All other contributions, gifts and grants$16,177
VIII-1h Total contributions, gifts and grants$16,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171$171
VIII-12 Total revenueRelated to mission $171$16,348
Part IX · Statement of functional expenses $15,952 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $4,850$4,850
IX-11c Accounting feesManagement $215$215
IX-11g Other fees for servicesPrograms $3,025$3,025
IX-12 Advertising and promotionPrograms $4,788$4,788
IX-13 Office expensesPrograms $979 · Management $298$1,277
IX-15 RoyaltiesPrograms $710$710
IX-17 TravelPrograms $673$673
IX-24 Other expenses (24a–d)Programs $414$414
IX-25 Total functional expensesPrograms $15,439 · Management $513 · Fundraising $0$15,952
Part X · Balance sheet $5,738 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $5,342$5,738
X-16 Total assetsStart of year $5,342$5,738
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $5,342$5,738
X-32 Total net assets or fund balancesStart of year $5,342$5,738
X-33 Total liabilities and net assetsStart of year $5,342$5,738
Part XI · Reconciliation of net assets $5,738 net assets at year end
XI-1 Total revenue$16,348
XI-2 Total expenses$15,952
XI-3 Revenue less expenses$396
XI-4 Net assets at start of year$5,342
XI-10 Net assets at end of year$5,738

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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