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Lindsay Academy INC

Tax-deductible

Lindsay, NE501(c)(3)Since 2023EducationEIN 93-1565482Revenue $887K in FY2025

On file with the IRSlindsayacademy.org701 Elm Sreet, 68644-0000 · Lindsay, NETax-exempt since May 2024School — 170(b)(1)(A)(ii)

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A place for students to learn and grow in their faith in a supportive, inclusive, and academically challenging environment.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 30 volunteers and 16 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
1 of 2
filings with a surplus
Average deficit $5K a year · 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $178K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
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
$887K
×16 vs prior year
Spent
$930K
To programs
100%
Net assets
−$11K
By yearFY2024–FY2025
Revenue
$887K
FY2025▲ ×16
Tap a bar for its year
Revenue by fiscal year
FY2024$55K
FY2025$887K
Expenses
$930K
FY2025▲ ×42
Tap a bar for its year
Expenses by fiscal year
FY2024$22K
FY2025$930K
Net assets
−$11K
FY2025▼ -133%
Tap a bar for its year
Net assets by fiscal year
FY2024$32K
FY2025−$11K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $930K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Summer Beller
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Daniel Korus
Director
$0Pt VII · Sec A
Ray Lindhorst
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lindsay Academy 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 15aNo

Programs and updates

Helps students learn and grow in their faith through a supportive, inclusive, and challenging environment.

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Provided by the organization

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1 program · $930K · in their own filed words · FY2024
01

Operating a 7TH-12TH grade school in a supportive, inclusive, and ademically challenging environment.

$930Kprogram 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
Lindsay Area DevelopmentFY2024$172K
Donor Advised Charitable Giving INCFY2024$6K
Total grants receivedfrom 2 funders$178K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$887K
Ln 12
Fees for servicesLn 2g$669K
Gifts and grantsLn 1h$219K
Investment incomeLn 3$352
Money outPt IX
$930K
Ln 25
Programscol B$930K
Owns and owesPt X
−$11K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$219K
Fees for servicesLn 2g$669K
Investment incomeLn 3$352
Total revenueLn 12$887K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$971K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.0M
Net assetsLn 32−$11K
OperationsPt I, VI
EmployeesI 516
VolunteersI 630
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$19K$54K
Land, buildings, equipmentLn 10c$785K$971K
Total assetsLn 16$807K$1.0M
LiabilitiesLn 26$775K$1.0M
Net assetsLn 32$32K−$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$611K$611K
Advertising and promotionLn 12$13K$13K
OccupancyLn 16$43K$43K
InterestLn 20$29K$29K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$195K$195K
Total functional expensesLn 25$930K$930K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $887K$930K−$43K−$11K 990 PDF
FY2024 $55K$22K$32K$32K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $887,479 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,545$218,521
I-9 Program service revenue$668,606
I-10 Investment incomePrior year $196$352
I-11 Other revenue$0
I-12 Total revenuePrior year $54,741$887,479
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$611,494
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $22,324$318,944
I-18 Total expensesPrior year $22,324$930,438
I-19 Revenue less expensesPrior year $32,417−$42,959
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $887,479 across 6 lines filed
VIII-1f All other contributions, gifts and grants$218,521
VIII-1h Total contributions, gifts and grants$218,521
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $668,606$668,606
VIII-3 Investment incomeExcluded from tax $352$352
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0$0
VIII-12 Total revenueRelated to mission $668,606 · Excluded from tax $352$887,479
Part IX · Statement of functional expenses $930,438 across 7 lines filed
IX-7 Other salaries and wagesPrograms $611,494$611,494
IX-12 Advertising and promotionPrograms $13,432$13,432
IX-16 OccupancyPrograms $42,671$42,671
IX-20 InterestPrograms $29,444$29,444
IX-22 Depreciation, depletion and amortizationPrograms $29,605$29,605
IX-23 InsurancePrograms $8,877$8,877
IX-24 Other expenses (24a–d)Programs $194,915$194,915
IX-25 Total functional expensesPrograms $930,438 · Management $0 · Fundraising $0$930,438
Part X · Balance sheet $1,028,458 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $18,594$53,896
X-8 Inventories for sale or useStart of year $3,358$3,358
X-10c Land, buildings and equipment, netStart of year $785,465$971,204
X-16 Total assetsStart of year $807,417$1,028,458
X-26 Total liabilitiesStart of year $775,000$1,039,000
X-27 Net assets without donor restrictionsStart of year $32,417−$10,542
X-32 Total net assets or fund balancesStart of year $32,417−$10,542
X-33 Total liabilities and net assetsStart of year $807,417$1,028,458
Part XI · Reconciliation of net assets −$10,542 net assets at year end
XI-1 Total revenue$887,479
XI-2 Total expenses$930,438
XI-3 Revenue less expenses−$42,959
XI-4 Net assets at start of year$32,417
XI-10 Net assets at end of year−$10,542

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

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