Lpm Endowment Foundation FY2023 filing

Tax-deductible

Lynden, WA501(c)(3)Arts & CultureEIN 91-2051603

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To provide long-term financial support to the lynden pioneer museum through the accumulation, investment and management of funds in order to encourage the preservation and display of the cultures of our community's history.

501(c)(3) charity; gifts are tax-deductible.
88¢ 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
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
5 of 5
filings with a surplus
Average surplus $88K a year · 66% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
-29% vs prior year
Spent
$44K
To programs
88%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$66K
FY2023▼ -29%
Revenue by fiscal year
FY2020$333K
FY2021$80K
FY2022$94K
FY2023$66K
FY2024$89K
Expenses
$44K
FY2023▼ -10%
Expenses by fiscal year
FY2020$46K
FY2021$45K
FY2022$49K
FY2023$44K
FY2024$38K
Net assets
$2.1M
FY2023▲ +13%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$1.8M
FY2023$2.1M
FY2024$2.2M

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2001.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $39K Management & general 12% · $5K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lpm Endowment 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

Manages funds to financially support the Lynden Pioneer Museum's historical preservation and display efforts.

Provided by the organization

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1 program service account for $39K of program spending, described in the organization's own filed words · FY2023.
01

To provide long-term financial support to the lynden pioneer museum through the accumulation, investment and management of funds in order to encourage the preservation and display of the cultures of our community's history.

$39Kprogram 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 · this organization's grantmaking
Grants paid · 5 grants · $177K · 2020–2024
Lynden Heritage FoundationWA · FY2024$31,712
Lynden Heritage FoundationWA · FY2023$35,947
Lynden Heritage FoundationWA · FY2022$41,521
Lynden Heritage FoundationWA · FY2021$37,126
Lynden Heritage FoundationWA · FY2020$30,642

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$66K
Ln 12
Investment incomeLn 3$53K
Other incomeLn 4–11$11K
Gifts and grantsLn 1h$3K
Money outPt IX
$44K
Ln 25
Programscol B$39K
Managementcol C$5K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$53K
Other incomeLn 4–11$11K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$2.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
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$8K$4K
InvestmentsLn 11–13$1.8M$2.1M
Total assetsLn 16$1.8M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.8M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$128$128
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$28$28
Information technologyLn 14$419$419
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$947$947
Total functional expensesLn 25$44K$39K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $89K$38K$51K$2.2M 990 PDF
FY2023 Viewing $66K$44K$22K$2.1M 990 PDF
FY2022 $94K$49K$45K$1.8M 990 PDF
FY2021 $80K$45K$35K$2.2M 990 PDF
FY2020 $333K$46K$288K$2.0M 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 $66,499 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,705
VIII-1h Total contributions, gifts and grants$2,705
VIII-3 Investment incomeExcluded from tax $52,523$52,523
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,271$11,271
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $63,794$66,499
Part IX · Statement of functional expenses $44,436 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $35,947$35,947
IX-11c Accounting feesManagement $1,965$1,965
IX-11g Other fees for servicesManagement $128$128
IX-12 Advertising and promotionPrograms $3,100$3,100
IX-13 Office expensesManagement $28$28
IX-14 Information technologyManagement $419$419
IX-23 InsuranceManagement $1,902$1,902
IX-24 Other expenses (24a–d)Management $947$947
IX-25 Total functional expensesPrograms $39,047 · Management $5,389 · Fundraising $0$44,436
Part X · Balance sheet $2,055,491 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $8,351$4,456
X-12 Other securitiesStart of year $1,814,447$2,051,035
X-16 Total assetsStart of year $1,822,798$2,055,491
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $41,293$273,986
X-28 Net assets with donor restrictionsStart of year $1,781,505$1,781,505
X-32 Total net assets or fund balancesStart of year $1,822,798$2,055,491
X-33 Total liabilities and net assetsStart of year $1,822,798$2,055,491
Part XI · Reconciliation of net assets $2,055,491 net assets at year end
XI-1 Total revenue$66,499
XI-2 Total expenses$44,436
XI-3 Revenue less expenses$22,063
XI-4 Net assets at start of year$1,822,798
XI-5 Net unrealized gains (losses) on investments$210,629
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$2,055,491

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

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