Lc Strong Foundation INC

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LC Strong Foundation, Inc, dba Our Lady of the Cross, is a Christ-centered, independent school faithful to the Magisterium, imparting faith and reason through a traditional and rigorous Catholic education. Partnering with parents as a community of faith, the school nurtures the whole child, developing our students in mind, body and spirit to be productive citizens who witness to Christ.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 100 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 4
filings with a surplus
Average surplus $312K a year · 30% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Part VII, Section A
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $64K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$687K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+10% vs prior year
Spent
$1.1M
To programs
71%
Net assets
$1.2M
By yearFY2022–FY2025
Revenue
$1.1M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.3M
FY2023$681K
FY2024$1.0M
FY2025$1.1M
Expenses
$1.1M
FY2025▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2022$442K
FY2023$589K
FY2024$763K
FY2025$1.1M
Net assets
$1.2M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2022$877K
FY2023$969K
FY2024$1.2M
FY2025$1.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2022.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $773K Management & general 9% · $95K Fundraising 20% · $217K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $56K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$56,189Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A

Deborah Waters’s $56K as Head of School is at the 9th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Deborah Waters$56,189$53,227$51,164$51,164

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 Lc Strong Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a traditional Catholic education, nurturing students in mind, body, and spirit.

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3 programs · $773K · in their own filed words · FY2024
01

4th School Year completed. Developed, revised academic & school policies and procedures. Continued renovations of the school facility. Added additional academic & instruction space. Interviewed, selected and hired professional teaching positions. Enrolled, instructed and graduated students based on mission and State requirements.

$642Kprogram expense
02

Continued to support Smart Money Program to benefit families in fulfilling the tuition obligations. Established a Parent Teacher Organization to support school activities.

$94Kprogram expense
03

Established an Athletic Program with coaches, certified referees and games.

$37Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$64K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$448K
Gifts and grantsLn 1h$401K
Other incomeLn 4–11$254K
Money outPt IX
$1.1M
Ln 25
Programscol B$773K
Managementcol C$95K
Fundraisingcol D$217K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$395K
Total assetsLn 16$1.9M
LiabilitiesLn 26$687K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$401K
Government grantsLn 1e$0
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$448K
Investment incomeLn 3$13K
Other incomeLn 4–11$254K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$286K
Cash and savings togetherLn 1–2$395K
Accounts receivableLn 4$13K
Prepaid expenses and deferred chargesLn 9$122K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.9M
LiabilitiesLn 26$687K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 510
VolunteersI 6100
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$400K$395K
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$692K$687K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$56K$14K$23K$20K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$350K$323K$14K$13K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$15K$10K$3K$3K
Payroll taxesLn 10$34K$27K$4K$4K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$25K$0$25K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$139K$139K
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$4K$3K$328$287
Office expensesLn 13$23K$10K$1K$12K
Information technologyLn 14$8K$8K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$122K$101K$11K$10K
Travel and entertainment for public officialsLn 18$0$0$0$0
InterestLn 20$33K$28K$3K$3K
Depreciation, depletion and amortizationLn 22$61K$51K$6K$5K
InsuranceLn 23$12K$10K$1K$947
Other expenses (24a–d)Ln 24$201K$197K$3K$1K
Total functional expensesLn 25$1.1M$773K$95K$217K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 20, 2026 $1.1M$1.1M$31K$1.2M 990 PDF
FY2024Filed with the IRS Nov 21, 2024 $1.0M$763K$250K$1.2M 990 PDF
FY2023Filed with the IRS Apr 15, 2024 $681K$589K$92K$969K 990 PDF
FY2022Filed with the IRS May 11, 2023 $1.3M$442K$877K$877K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,116,309 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $393,493$400,959
I-9 Program service revenuePrior year $349,454$447,775
I-10 Investment incomePrior year $7,488$13,408
I-11 Other revenuePrior year $262,541$254,167
I-12 Total revenuePrior year $1,012,976$1,116,309
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $355,053$455,910
I-16a Professional fundraising feesPrior year $0$139,430
I-17 Other expensesPrior year $408,399$489,908
I-18 Total expensesPrior year $763,452$1,085,248
I-19 Revenue less expensesPrior year $249,524$31,061
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
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 payYes
Part VIII · Statement of revenue $1,116,309 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$400,959
VIII-1g Noncash contributions (included above)$2,460
VIII-1h Total contributions, gifts and grants$400,959
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $447,775 · Unrelated business $0 · Excluded from tax $0$447,775
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,408$13,408
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $143,738$143,738
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $110,429 · Unrelated business $0 · Excluded from tax $0$110,429
VIII-12 Total revenueRelated to mission $558,204 · Unrelated business $0 · Excluded from tax $157,146$1,116,309
Part IX · Statement of functional expenses $1,085,248 across 26 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $14,100 · Management $22,560 · Fundraising $19,740$56,400
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $323,031 · Management $14,348 · Fundraising $12,555$349,934
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $9,539 · Management $2,967 · Fundraising $2,596$15,102
IX-10 Payroll taxesPrograms $26,938 · Management $4,029 · Fundraising $3,507$34,474
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $25,146 · Fundraising $0$25,146
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $139,430$139,430
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $2,994 · Management $328 · Fundraising $287$3,609
IX-13 Office expensesPrograms $10,025 · Management $1,415 · Fundraising $11,864$23,304
IX-14 Information technologyFundraising $7,895$7,895
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $101,484 · Management $11,109 · Fundraising $9,722$122,315
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $27,708 · Management $3,033 · Fundraising $2,655$33,396
IX-22 Depreciation, depletion and amortizationPrograms $50,791 · Management $5,560 · Fundraising $4,865$61,216
IX-23 InsurancePrograms $9,884 · Management $1,082 · Fundraising $947$11,913
IX-24 Other expenses (24a–d)Programs $196,779 · Management $3,266 · Fundraising $1,069$201,114
IX-25 Total functional expensesPrograms $773,273 · Management $94,843 · Fundraising $217,132$1,085,248
Part X · Balance sheet $1,936,453 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $130,036$109,736
X-2 Savings and temporary cash investmentsStart of year $270,061$285,600
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$13,236
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $81,458$122,278
X-10c Land, buildings and equipment, netStart of year $1,429,214$1,405,603
X-16 Total assetsStart of year $1,910,769$1,936,453
X-17 Accounts payable and accrued expensesStart of year $50,876$56,100
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $23,032$33,560
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $614,261$594,801
X-24 Unsecured notes and loans payableStart of year $4,173$2,504
X-26 Total liabilitiesStart of year $692,342$686,965
X-27 Net assets without donor restrictionsStart of year $1,213,427$1,249,488
X-28 Net assets with donor restrictionsStart of year $5,000$0
X-32 Total net assets or fund balancesStart of year $1,218,427$1,249,488
X-33 Total liabilities and net assetsStart of year $1,910,769$1,936,453
Part XI · Reconciliation of net assets $1,249,488 net assets at year end
XI-1 Total revenue$1,116,309
XI-2 Total expenses$1,085,248
XI-3 Revenue less expenses$31,061
XI-4 Net assets at start of year$1,218,427
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,249,488

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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