Lancer Legacy INC FY2023 filing

Tax-deductible

Eldridge, IA501(c)(3)Recreation & SportsEIN 84-2851255

Is operated exclusively for educational and charitable purposes. Lancer legacy is a fundraisng entity that works with the north scott community school district, its alumni staff and the local community by soliciting donations and pledges.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 5
filings with a surplus
Average deficit $53K a year · 56% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2627 mo
of spending, in cash
Looks good: 2627.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106
-100% vs prior year
Spent
$485
To programs
100%
Net assets
$106K
By yearFY2021–FY2025
Revenue
$106
FY2023▼ -100%
Revenue by fiscal year
FY2021$565
FY2022$64K
FY2023$106
FY2024$320K
FY2025$81K
Expenses
$485
FY2023▼ -100%
Expenses by fiscal year
FY2021$246K
FY2022$105K
FY2023$485
FY2024$301K
FY2025$77K
Net assets
$106K
FY2023-0.4%
Net assets by fiscal year
FY2021$147K
FY2022$107K
FY2023$106K
FY2024$126K
FY2025$129K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 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 ruling in Jan 2020.

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% · $485

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Lancer Legacy INC 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

Raises funds for North Scott schools and community through donations and pledges.

Provided by the organization

This section is blank until Lancer Legacy INC claims this page.

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1 program service account for $485 of program spending, described in the organization's own filed words · FY2022.
01

Building fund to help north scott school district in their projects

$485program 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 4 grants · $640K · 2020–2024
North Scott SchoolsFY2024$77,000
North Scott SchoolsFY2023$300,000
North Scott SchoolsFY2021$105,000
Birdies for CharityFY2020$157,875

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$106
Ln 12
Investment incomeLn 3$106
Money outPt IX
$485
Ln 25
Programscol B$485
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$106K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$106
Total revenueLn 12$106
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
Total assetsLn 16$106K
LiabilitiesLn 26$0
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$107K$106K
Total assetsLn 16$107K$106K
LiabilitiesLn 26$0$0
Net assetsLn 32$107K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$485$485
Total functional expensesLn 25$485$485$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $81K$77K$4K$129K 990 PDF
FY2024 $320K$301K$19K$126K 990 PDF
FY2023 Viewing $106$485−$379$106K 990 PDF
FY2022 $64K$105K−$41K$107K 990 PDF
FY2021 $565$246K−$245K$147K 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 (4 parts)
Part VIII · Statement of revenue $106 across 2 lines filed
VIII-3 Investment incomeRelated to mission $106$106
VIII-12 Total revenueRelated to mission $106 · Unrelated business $0 · Excluded from tax $0$106
Part IX · Statement of functional expenses $485 across 1 line filed
IX-11c Accounting feesPrograms $485$485
IX-25 Total functional expensesPrograms $485 · Management $0 · Fundraising $0$485
Part X · Balance sheet $106,177 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $106,556$106,177
X-16 Total assetsStart of year $106,556$106,177
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $106,556$106,177
X-33 Total liabilities and net assetsStart of year $106,556$106,177
Part XI · Reconciliation of net assets $106,177 net assets at year end
XI-1 Total revenue$106
XI-2 Total expenses$485
XI-3 Revenue less expenses−$379
XI-4 Net assets at start of year$106,556
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$106,177

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

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