Lps Athletic Boosters EIN 84-2021066 Form 990 (PDF) Claim this org

Lps Athletic Boosters FY2024 filing

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Boosts school sports programs from varsity to middle school levels. For fiscal year 2024 it reported $158K in revenue, $153K in expenses, and $122K in net assets.Pt I

Founded
2019
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Frisco, TX
Website
www.lpsathleticboosters.org
Filings
4 on file (2021–2024)
Revenue
$158KFY2024
Expenses
$153K
Net assets
$122K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  84-2021066 Public charity (501(c)(3)) Frisco, TX Founded 2019
Form 990 (PDF)
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Size
$100K–1M
What they do
Boosts school sports programs from varsity to middle school levels.
Leadership
Beverly Womack · President
Money in and out
$158K revenue, $153K expenses
Bottom line
0% program efficiency
Where the money goes · FY2024
Total revenue
$158K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
9.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$158K
FY2024▲ +9%
Expenses
$153K
FY2024▼ -13%
Total assets
$122K
FY2024▲ +32%
Total liabilities
$0
FY2024
Total revenue
$158K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$122K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLps Athletic Boosters
EINHdr · item D84-2021066
Principal addressHdr · item CFrisco, TX
WebsiteHdr · item Jwww.lpsathleticboosters.org
Year of formationHdr · item L2019
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N12)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2023.
01

Equipment and Uniforms for Student Athletes to compete in athletic events

Pt IX · col B
02

Strength and Conditioning Training for Student Athletes

Pt IX · col B
03

Admissions and Concessions at Student Athletic Events

Pt IX · col B

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Statement of Revenue

Part VIII
Other revenue$141K · 89%
Program service revenue$16K · 10%
Other revenue89%$141K
Program service revenue10%$16K
Contributions & grants$551
Total revenueLn 12$158K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$153K
Total functional expensesLn 25$153K

Balance Sheet

Part X · end of year
CashLn 1$122K
Total assetsLn 16$122K
Total liabilitiesLn 26$0
Total net assetsLn 32$122K
Months of cash on handcomputed9.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $122K · Operating expenses/yr $153K
9.6 months
Where the money goes
Program services
Program services $0 · Total expenses $153K
0%
Management & General
Management & general $153K · Total expenses $153K
100%
Fundraising
Fundraising $0 · Total expenses $153K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $57K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $551 · Total revenue $158K
0.3%
Government reliance
Government grants $0 · Total revenue $158K
0%
Earned-income share
Program service revenue $16K · Total revenue $158K
10%
Investment reliance
Investment income $0 · Total revenue $158K
0%
Program self-sufficiency
Program service revenue $16K · Total expenses $153K
11%
Growth & trend
Revenue growth (YoY)
This year $158K · Prior year $144K
+9%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $158K · Expenses $153K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $122K
Net-asset ratio
Net assets $122K · Total assets $122K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $122K
0%
People & payroll
Highest Reported Total Compensation
Individual Beverly Womack · Reported title President · Highest reported compensation $0 · Total expenses $153K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $153K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Revenue growth 9%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$9K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$158K revenue · viewing · ⤓ 990 PDF
FY2023$144K revenue · ⤓ 990 PDF
FY2022$210K revenue · ⤓ 990 PDF
FY2021$136K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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