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Nonprofiteer
← FRIENDS OF LANE

Form 990 for tax year 2024

Filed by FRIENDS OF LANE.

Totals

Total revenue
$443,872
Total expenses
$649,097
Contributions and grants received
$264,110
Grants paid
$623,703
Program service revenue
$0
Investment income
$15,850
Other revenue
$163,912
Total assets, end of year
$794,696
Total liabilities, end of year
$97,660
Net assets or fund balances, end of year
$697,036
Program services expenses (Part IX)
$623,703
Management and general expenses
$13,146
Fundraising expenses
$12,248
Program service expenses (Part III)
$623,703

Program services were 96.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $63,730

  • 1f · All other contributions, gifts and grants

    $200,380

  • 1g · Noncash contributions included above

    $2,719

  • 3 · Investment income

    total $15,754 · related or exempt $15,754

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $16,020

  • 7b · Less cost or other basis and sales expenses

    securities $15,924

  • 7c · Gain or loss

    securities $96

  • 7d · Net gain or loss

    total $96 · related or exempt $96

  • 8a · Fundraising events: gross income

    $403,220

  • 8a · Fundraising events: contributions included on line 1c

    $63,730

  • 8b · Fundraising events: direct expenses

    $239,308

  • 8c · Net income from fundraising events

    total $163,912

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $623,703 · program services $623,703

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $7,004 · management and general $7,004

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $179 · management and general $179

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $699 · management and general $699

  • 24a · Other expenses: Homecoming

    total $6,924 · fundraising $6,924

  • 24b · Other expenses: Administrative costs

    total $5,264 · management and general $5,264

  • 24c · Other expenses: Freshman welcome expenses

    total $4,594 · fundraising $4,594

  • 24d · Other expenses: Banner expense

    total $730 · fundraising $730

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $755,139 · end of year $429,648

  • 2 · Savings and temporary cash investments

    beginning of year $25,894 · end of year $3,615

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $110,595 · end of year $97,521

  • 9 · Prepaid expenses and deferred charges

    end of year $53,495

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $203,116

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $10,000 · end of year $7,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $134 · end of year $97,660

  • 27 · Net assets without donor restrictions

    beginning of year $891,494 · end of year $689,735

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $7,301

Mission and programs · 2024

Mission

Our goal is to build community and support Lane Tech parents, teachers, students, administration, and staff.

Activities or mission (Part I)

Our goal is to build community and support Lane Tech parents, teachers, students, administrators, and staff.

  • Our goal is to build community and support Lane Tech parents, teachers, students, administration, and staff.

    Expenses $623,703 · Grants $623,703

As filed on the 2024 return.

Listed in Part VII

  • Jill Brown Smith

    Director

    Total calculated
    $0
    Hours/week
    5
  • Rachel Ferrell

    Director

    Total calculated
    $0
    Hours/week
    5
  • Cecilia Bocanegra

    Director

    Total calculated
    $0
    Hours/week
    5
  • Susie Hauser

    Treasurer

    Total calculated
    $0
    Hours/week
    10
  • Melissa Smejkal

    Vice President

    Total calculated
    $0
    Hours/week
    10
  • Dana Burdenski

    Secretary

    Total calculated
    $0
    Hours/week
    10
  • Toni Siprut

    Secretary/Tech

    Total calculated
    $0
    Hours/week
    10
  • Jacque Patterson

    President

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • Lane Tech High School

    $623,703

Provenance

Return type
form_990
Tax year
2024
Filed
3 June 2026
IRS schema version
2024v5.2
Source object
202641549349300429

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