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Leaf Properties INC FY2023 filing

Not tax-deductible

Overland Park, KSMutual-benefit / member-servingCommunity DevelopmentEIN 87-0759546

To provide christian education facilities for the use of calvary evangelical lutheran church and lutheran high school association of greater kansas city.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 5
filings with a surplus
Average deficit $57K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
37% of total assets
Looks good: liabilities are 37% 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
$626K
-0.2% vs prior year
Spent
$727K
To programs
0%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$626K
FY2023-0.2%
Revenue by fiscal year
FY2020$719K
FY2021$628K
FY2023$626K
FY2024$693K
FY2025$762K
Expenses
$727K
FY2023▲ +11%
Expenses by fiscal year
FY2020$624K
FY2021$652K
FY2023$727K
FY2024$796K
FY2025$917K
Net assets
$2.3M
FY2023▼ -10%
Net assets by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2023$2.3M
FY2024$2.2M
FY2025$2.1M

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

Form 990 (PDF) Claim
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 May 2006.

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

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Keith Gloe
Secretary
$0Pt VII · Sec A
See Leaf Properties 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 15aYes

Programs and updates

Provides Christian education facilities for churches and schools.

Provided by the organization

This section is blank until Leaf Properties INC claims this page.

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1 program service account for $728K of program spending, described in the organization's own filed words · FY2022.
01

Leaf properties, inc. Purchased a school building at 12411 wornall road, kansas city, mo 64145. The building is used for educational purposes by the two 50% owners, calvary evangelical lutheran church and the lutheran high school association of greater kansas city.

$728Kprogram expense

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By the numbers

The FY2023 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$626K
Ln 12
Gifts and grantsLn 1h$601K
Other incomeLn 4–11$25K
Investment incomeLn 3$195
Money outPt IX
$727K
Ln 25
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$337K
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$601K
Investment incomeLn 3$195
Other incomeLn 4–11$25K
Total revenueLn 12$626K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$320K
Cash and savings togetherLn 1–2$337K
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$10K
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 58
VolunteersI 6300
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 FY23End FY23
Cash and savingsLn 1–2$327K$337K
Land, buildings, equipmentLn 10c$3.3M$3.2M
Total assetsLn 16$3.7M$3.6M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$2.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K
Pension plan contributionsLn 8$3K
Payroll taxesLn 10$9K
Accounting feesLn 11c$9K
Office expensesLn 13$848
Information technologyLn 14$725
OccupancyLn 16$397K
InterestLn 20$38K
Depreciation, depletion and amortizationLn 22$110K
InsuranceLn 23$45K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$727K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $762K$917K−$155K$2.1M 990 PDF
FY2024 $693K$796K−$103K$2.2M 990 PDF
FY2023 Viewing $626K$727K−$100K$2.3M 990 PDF
FY2022 Not on file
FY2021 $628K$652K−$24K$2.5M 990 PDF
FY2020 $719K$624K$95K$2.6M 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 $626,371 across 5 lines filed
VIII-1d Related organizations$601,344
VIII-1h Total contributions, gifts and grants$601,344
VIII-3 Investment incomeExcluded from tax $195$195
VIII-6 Net rental income or lossExcluded from tax $24,832$24,832
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $25,027$626,371
Part IX · Statement of functional expenses $726,594 across 11 lines filed
IX-7 Other salaries and wages$105,281
IX-8 Pension plan contributions$2,709
IX-10 Payroll taxes$9,409
IX-11c Accounting fees$9,329
IX-13 Office expenses$848
IX-14 Information technology$725
IX-16 Occupancy$396,659
IX-20 Interest$37,500
IX-22 Depreciation, depletion and amortization$109,692
IX-23 Insurance$44,776
IX-24 Other expenses (24a–d)Programs $9,666$9,666
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$726,594
Part X · Balance sheet $3,610,199 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $52,055$16,836
X-2 Savings and temporary cash investmentsStart of year $275,026$320,423
X-4 Accounts receivableStart of year $23,756$52,447
X-10c Land, buildings and equipment, netStart of year $3,320,440$3,210,748
X-15 Other assetsStart of year $9,745$9,745
X-16 Total assetsStart of year $3,681,022$3,610,199
X-17 Accounts payable and accrued expensesStart of year $25,726$34,076
X-25 Other liabilitiesStart of year $34,333$35,042
X-26 Total liabilitiesStart of year $1,310,059$1,319,118
X-32 Total net assets or fund balancesStart of year $2,370,963$2,291,081
X-33 Total liabilities and net assetsStart of year $3,681,022$3,610,199
Part XI · Reconciliation of net assets $2,291,081 net assets at year end
XI-1 Total revenue$626,371
XI-2 Total expenses$726,594
XI-3 Revenue less expenses−$100,223
XI-4 Net assets at start of year$2,370,963
XI-9 Other changes in net assets$20,341
XI-10 Net assets at end of year$2,291,081

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

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