Lesley & Rhyan Prather Foundation

Tax-deductible

Valley Sta, KY501(c)(3)Foundations & GrantmakersEIN 85-2888525Revenue $544K in FY2024

On file with the IRSlrpfd.com13917 Lyons Ave, 40272-1433 · Valley Sta, KYTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to help children, women & families in need by being there to support them in times of need.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $116K a year · 28% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $144K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$544K
+27% vs prior year
Spent
$407K
To programs
81%
Net assets
$451K
By yearFY2021–FY2024
Revenue
$544K
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2021$265K
FY2022$413K
FY2023$429K
FY2024$544K
Expenses
$407K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$181K
FY2022$218K
FY2023$380K
FY2024$407K
Net assets
$451K
FY2024▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2021$105K
FY2022$300K
FY2023$349K
FY2024$451K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $331K Management & general 6% · $23K Fundraising 13% · $53K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Lesley & Rhyan Prather Foundation 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

Supports children, women, and families facing hardship with essential aid.

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Provided by the organization

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2 programs · $331K · in their own filed words · FY2024
01

Assist individuals and families involved in tragedies and loss of family members, with a focus on helping women, children and families in need. The foundation provided financial support of 112,600 for families who faced DEATH/ILLNESS, 63,788 for families involved in wrecks, 146,506 for pediatric ILLNESSES/NEEDS, 7,696 for families…

$326Kprogram expense
02

Additionally we provide educational scholarships to students in local schools. The scholarship applications are reviewed by a committee, names are removed from applications before being reviewed and the committee selects recipients based on athletic, academic and community achievements.

$4Kprogram expense

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 3 funders$144K
See all 3 funders →
Grants paid · 24 grants · $1.0M · 2021–2024
Unitemized GrantFY2024$142,340
Unitemized GrantFY2024$112,636
Unitemized GrantFY2024$63,788
Unitemized GrantFY2024$4,228
Unitemized GrantFY2024$4,010
Unitemized GrantFY2024$3,686
Unitemized GrantFY2023$141,247
Unitemized GrantFY2023$108,429
Unitemized GrantFY2023$67,892
Unitemized GrantFY2023$13,490
Unitemized GrantFY2023$6,252
Unitemized GrantFY2023$3,828
Unitemized GrantFY2022$108,726
Unitemized GrantFY2022$53,968
Unitemized GrantFY2022$20,160
Unitemized GrantFY2022$3,933
Unitemized GrantFY2022$3,814
Unitemized GrantFY2022$3,200
See all 24 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$544K
Ln 12
Gifts and grantsLn 1h$537K
Fees for servicesLn 2g$66K
Investment incomeLn 3$2K
Money outPt IX
$407K
Ln 25
Programscol B$331K
Managementcol C$23K
Fundraisingcol D$53K
Owns and owesPt X
$451K
net assets · Ln 32
Cash and savingsLn 1–2$411K
Total assetsLn 16$455K
LiabilitiesLn 26$5K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$537K
Fundraising eventsLn 1c$318K
Fees for servicesLn 2g$66K
Investment incomeLn 3$2K
Total revenueLn 12$544K
Assets in detailPt X, end of year
CashLn 1$358K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$411K
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$8K
Total assetsLn 16$455K
LiabilitiesLn 26$5K
Net assetsLn 32$451K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$310K$411K
Land, buildings, equipmentLn 10c$36K$28K
Total assetsLn 16$362K$455K
LiabilitiesLn 26$13K$5K
Net assetsLn 32$349K$451K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$331K$331K
Professional fundraising feesLn 11e$24K$24K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$1K$1K
Information technologyLn 14$10K$2K$8K
TravelLn 17$112$112
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$8K$8K
Other expenses (24a–d)Ln 24$19K$10K$9K
Total functional expensesLn 25$407K$331K$23K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $544K$407K$137K$451K 990 PDF
FY2023 $429K$380K$49K$349K 990 PDF
FY2022 $413K$218K$195K$300K 990 PDF
FY2021 $265K$181K$85K$105K 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 FY2024 990 (6 parts)
Part I · Summary $543,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $432,176$536,908
I-9 Program service revenue$66,218
I-10 Investment income$2,193
I-11 Other revenuePrior year −$3,262−$61,542
I-12 Total revenuePrior year $428,914$543,777
I-13 Grants and similar amounts paidPrior year $341,138$330,688
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$24,063
I-17 Other expensesPrior year $38,934$51,909
I-18 Total expensesPrior year $380,072$406,660
I-19 Revenue less expensesPrior year $48,842$137,117
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $543,777 across 7 lines filed
Lines not itemized here account for $11,002 of total revenue; see the IRS return.
VIII-1c Fundraising events$318,107
VIII-1f All other contributions, gifts and grants$218,801
VIII-1h Total contributions, gifts and grants$536,908
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,218$66,218
VIII-3 Investment incomeExcluded from tax $2,193$2,193
VIII-8 Net income from fundraising eventsExcluded from tax −$72,544−$72,544
VIII-12 Total revenueRelated to mission $66,218 · Excluded from tax −$59,349$543,777
Part IX · Statement of functional expenses $406,660 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $330,688$330,688
IX-11e Professional fundraising feesFundraising $24,063$24,063
IX-12 Advertising and promotionFundraising $11,987$11,987
IX-13 Office expensesManagement $1,289$1,289
IX-14 Information technologyManagement $1,633 · Fundraising $7,977$9,610
IX-17 TravelFundraising $112$112
IX-19 Conferences, conventions and meetingsManagement $1,761$1,761
IX-22 Depreciation, depletion and amortizationManagement $8,330$8,330
IX-24 Other expenses (24a–d)Management $9,755 · Fundraising $9,065$18,820
IX-25 Total functional expensesPrograms $330,688 · Management $22,768 · Fundraising $53,204$406,660
Part X · Balance sheet $455,430 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $258,469$357,861
X-2 Savings and temporary cash investmentsStart of year $51,267$53,268
X-9 Prepaid expenses and deferred chargesStart of year $7,934$8,247
X-10c Land, buildings and equipment, netStart of year $36,096$27,766
X-15 Other assetsStart of year $8,288$8,288
X-16 Total assetsStart of year $362,054$455,430
X-19 Deferred revenueStart of year $12,973$4,848
X-26 Total liabilitiesStart of year $12,973$4,848
X-27 Net assets without donor restrictionsStart of year $209,081$310,582
X-28 Net assets with donor restrictionsStart of year $140,000$140,000
X-32 Total net assets or fund balancesStart of year $349,081$450,582
X-33 Total liabilities and net assetsStart of year $362,054$455,430
Part XI · Reconciliation of net assets $450,582 net assets at year end
XI-1 Total revenue$543,777
XI-2 Total expenses$406,660
XI-3 Revenue less expenses$137,117
XI-4 Net assets at start of year$349,081
XI-8 Prior period adjustments−$35,616
XI-10 Net assets at end of year$450,582

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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