Lemert Ranch Trust FY2022 filing

Arkansas City, KSUnknown exempt organizationEIN 83-6153228Revenue $29K in FY2022

On file with the IRS402 E Windsor Rd Unit 110 · Arkansas City, KS

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Lemert Ranch Trust is organized to provide financial support for entities and students who reside in Chautauqua County, KS, one of the poorest counties in Kansas. College scholarships for students in the county and local libraries, senior citizen programming, and youth education.

100¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $6K a year · 11% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
30 mo
of spending, in cash
Looks good: 30.0 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
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29K
Spent
$67K
To programs
100%
Net assets
$1.1M
By yearFY2022–FY2025
Revenue
$29K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$29K
FY2023$71K
FY2024$97K
FY2025$35K
Expenses
$67K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$67K
FY2023$58K
FY2024$64K
FY2025$69K
Net assets
$1.1M
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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% · $67K

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

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Lemert Ranch Trust 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 scholarships, supports libraries, and provides programs for seniors and youth in Chautauqua County, Kansas.

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Provided by the organization

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1 program · $67K · in their own filed words · FY2022
01

Providing college scholarships to Chautauqua Co, KS youth and other financial aid to support educational and support entities in Chautauqua Co, KS, such as libraries, schools,and senior citizen centers.

$67Kprogram expense

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 · 23 grants · $206K · 2022–2025
Chautauqua County Usd 286FY2025$17,405
Cedar Vale Usd 285FY2025$17,405
City of Cedar ValeFY2025$7,459
The Educational Foundation of AlphaFY2025$6,216
Sedan Public LibraryFY2025$4,973
Individual RecipientFY2025$4,973
Peoples Place Association INCFY2025$3,730
Chautauqua County Usd 286FY2024$15,993
Cedar Vale Usd 285FY2024$15,993
City of Cedar ValeFY2024$6,854
The Educational Foundation of AlphaFY2024$5,712
Sedan Public LibraryKS · FY2024$4,569
Individual RecipientFY2024$4,569
Chautauqua County Usd 286FY2023$14,698
Cedar Vale Usd 285FY2023$14,698
City of Ceedar ValeFY2023$6,299
The Educational Foundation of AlphaFY2023$5,249
See all 23 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$29K
Ln 12
Investment incomeLn 3$29K
Money outPt IX
$67K
Ln 25
Programscol B$67K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$29K
Total revenueLn 12$29K
Assets in detailPt X, end of year
CashLn 1$167K
Cash and savings togetherLn 1–2$167K
InvestmentsLn 11–13$883K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
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 FY22End FY22
Cash and savingsLn 1–2$234K$167K
InvestmentsLn 11–13$981K$883K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$61K$61K
Investment management feesLn 11f$6K$6K
Total functional expensesLn 25$67K$67K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $35K$69K−$34K$1.1M 990 PDF
FY2024 $97K$64K$34K$1.1M 990 PDF
FY2023 $71K$58K$13K$1.1M 990 PDF
FY2022 Viewing $29K$67K−$37K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $29,295 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$29,295
I-11 Other revenue$0
I-12 Total revenue$29,295
I-13 Grants and similar amounts paid$60,766
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$6,014
I-18 Total expenses$66,780
I-19 Revenue less expenses−$37,485
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
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 $29,295 across 2 lines filed
VIII-3 Investment incomeRelated to mission $29,295$29,295
VIII-12 Total revenueRelated to mission $29,295 · Unrelated business $0 · Excluded from tax $0$29,295
Part IX · Statement of functional expenses $66,780 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $60,766$60,766
IX-11f Investment management feesPrograms $6,014$6,014
IX-25 Total functional expensesPrograms $66,780 · Management $0 · Fundraising $0$66,780
Part X · Balance sheet $1,050,485 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $233,762$166,983
X-4 Accounts receivable$594
X-11 Publicly traded securitiesStart of year $981,336$882,908
X-16 Total assetsStart of year $1,215,098$1,050,485
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $1,215,098$1,050,485
X-32 Total net assets or fund balancesStart of year $1,215,098$1,050,485
X-33 Total liabilities and net assetsStart of year $1,215,098$1,050,485
Part XI · Reconciliation of net assets $1,050,485 net assets at year end
XI-1 Total revenue$29,295
XI-2 Total expenses$66,780
XI-3 Revenue less expenses−$37,485
XI-4 Net assets at start of year$1,215,098
XI-5 Net unrealized gains (losses) on investments−$127,128
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,050,485

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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