Leaf Properties INC: FY2024 Nonprofit Profile & Form 990 (EIN 87-0759546)

Revenue by fiscal year
FY2020	$719K
FY2021	$628K
FY2023	$626K
FY2024	$693K
FY2025	$762K

Expenses by fiscal year
FY2020	$624K
FY2021	$652K
FY2023	$727K
FY2024	$796K
FY2025	$917K

Net assets by fiscal year
FY2020	$2.6M
FY2021	$2.5M
FY2023	$2.3M
FY2024	$2.2M
FY2025	$2.1M

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

Greg Ouverson

Pres

$0Pt VII · Sec A

Bryan Eitzmann

Treasurer

$0Pt VII · Sec A

Keith Gloe

Secretary

$0Pt VII · Sec A

See Leaf Properties 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides Christian education facilities for churches and schools.

Questions for Leaf Properties INC

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Your first name shows with your question. Leaf Properties INC answers here, for everyone.

1 program · $796K · in their own filed words · FY2023

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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-0759546) · Dispute this line

$796Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$693K

Ln 12

Gifts and grantsLn 1h$669K

Other incomeLn 4–11$25K

Investment incomeLn 3$117

Money outPt IX

$796K

Ln 25

Owns and owesPt X

$2.2M

net assets · Ln 32

Cash and savingsLn 1–2$319K

Total assetsLn 16$3.5M

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$669K

Investment incomeLn 3$117

Other incomeLn 4–11$25K

Gains on assetsLn 7$1K

Total revenueLn 12$693K

Assets in detailPt X, end of year

CashLn 1$17K

SavingsLn 2$301K

Cash and savings togetherLn 1–2$319K

Accounts receivableLn 4$81K

Land, buildings, equipmentLn 10c$3.1M

Other assetsLn 15$10K

Total assetsLn 16$3.5M

LiabilitiesLn 26$1.3M

Net assetsLn 32$2.2M

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$337K	$319K
Land, buildings, equipmentLn 10c	$3.2M	$3.1M
Total assetsLn 16	$3.6M	$3.5M
LiabilitiesLn 26	$1.3M	$1.3M
Net assetsLn 32	$2.3M	$2.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$138K
Pension plan contributionsLn 8	$3K
Payroll taxesLn 10	$11K
Legal feesLn 11b	$713
Accounting feesLn 11c	$9K
Office expensesLn 13	$1K
Information technologyLn 14	$2K
OccupancyLn 16	$408K
InterestLn 20	$38K
Depreciation, depletion and amortizationLn 22	$113K
InsuranceLn 23	$63K
Other expenses (24a–d)Ln 24	$8K	$8K
Total functional expensesLn 25	$796K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Feb 19, 2026	$762K	$917K	−$155K	$2.1M	990 PDF
FY2024 ViewingFiled with the IRS May 12, 2025	$693K	$796K	−$103K	$2.2M	990 PDF
FY2023Filed with the IRS Nov 28, 2023	$626K	$727K	−$100K	$2.3M	990 PDF
FY2022	Not on file
FY2021Filed with the IRS May 11, 2022	$628K	$652K	−$24K	$2.5M	990 PDF
FY2020Filed with the IRS Mar 6, 2021	$719K	$624K	$95K	$2.6M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $693,317 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $601,344$668,598

I-9 Program service revenue$0

I-10 Investment incomePrior year $195$1,117

I-11 Other revenuePrior year $24,832$23,602

I-12 Total revenuePrior year $626,371$693,317

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $117,399$152,558

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $609,195$643,290

I-18 Total expensesPrior year $726,594$795,848

I-19 Revenue less expensesPrior year −$100,223−$102,531

Part VI · Governance 4 of 4 board members independent, 3 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $693,317 across 6 lines filed

VIII-1d Related organizations$668,598

VIII-1h Total contributions, gifts and grants$668,598

VIII-3 Investment incomeExcluded from tax $117$117

VIII-6 Net rental income or lossExcluded from tax $23,602$23,602

VIII-7 Net gain or loss on sales of assetsRelated to mission $1,000$1,000

VIII-12 Total revenueRelated to mission $1,000 · Unrelated business $0 · Excluded from tax $23,719$693,317

Part IX · Statement of functional expenses $795,848 across 12 lines filed

IX-7 Other salaries and wages$137,595

IX-8 Pension plan contributions$3,486

IX-10 Payroll taxes$11,477

IX-11b Legal fees$713

IX-11c Accounting fees$8,834

IX-13 Office expenses$1,437

IX-14 Information technology$1,839

IX-16 Occupancy$408,310

IX-20 Interest$37,500

IX-22 Depreciation, depletion and amortization$113,442

IX-23 Insurance$63,324

IX-24 Other expenses (24a–d)Programs $7,891$7,891

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$795,848

Part X · Balance sheet $3,535,551 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $16,836$17,221

X-2 Savings and temporary cash investmentsStart of year $320,423$301,394

X-4 Accounts receivableStart of year $52,447$80,851

X-10c Land, buildings and equipment, netStart of year $3,210,748$3,126,340

X-15 Other assetsStart of year $9,745$9,745

X-16 Total assetsStart of year $3,610,199$3,535,551

X-17 Accounts payable and accrued expensesStart of year $34,076$14,721

X-23 Secured mortgages and notes payableStart of year $1,250,000$1,250,000

X-25 Other liabilitiesStart of year $35,042$38,757

X-26 Total liabilitiesStart of year $1,319,118$1,303,478

X-30 Paid-in or capital surplusStart of year $11,860,388$12,557,390

X-31 Retained earnings or endowmentStart of year −$9,569,307−$10,325,317

X-32 Total net assets or fund balancesStart of year $2,291,081$2,232,073

X-33 Total liabilities and net assetsStart of year $3,610,199$3,535,551

Part XI · Reconciliation of net assets $2,232,073 net assets at year end

XI-1 Total revenue$693,317

XI-2 Total expenses$795,848

XI-3 Revenue less expenses−$102,531

XI-4 Net assets at start of year$2,291,081

XI-9 Other changes in net assets$43,523

XI-10 Net assets at end of year$2,232,073

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

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Leaf Properties INC FY2024 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Leaf Properties INC

By the numbers

Filing history

Schedules filed Part IV

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