Totals
- Total revenue
- $1,423,720
- Total expenses
- $1,626,524
- Contributions and grants received
- $1,171,461
- Grants paid
- $341,947
- Program service revenue
- $0
- Investment income
- $159,898
- Other revenue
- $92,361
- Total assets, end of year
- $5,872,559
- Total liabilities, end of year
- $615,221
- Net assets or fund balances, end of year
- $5,257,338
- Program services expenses (Part IX)
- $1,217,971
- Management and general expenses
- $137,377
- Fundraising expenses
- $271,176
- Program service expenses (Part III)
- $1,217,971
Program services were 74.9% 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.
-
1e · Government grants (contributions)
$164,331
-
1f · All other contributions, gifts and grants
$1,007,130
-
1g · Noncash contributions included above
$29,976
-
3 · Investment income
total $157,470 · excluded $157,470
-
7a · Gross sales of assets other than inventory
securities $2,428
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $2,428
-
7d · Net gain or loss
total $2,428 · related or exempt $2,428
-
8a · Fundraising events: gross income
$119,127
-
8b · Fundraising events: direct expenses
$33,624
-
8c · Net income from fundraising events
total $85,503 · excluded $85,503
-
11a · Other revenue: MISCELLANEOUS
total $6,858 · related or exempt $6,858
-
11e · Other revenue, total
$6,858
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $341,947 · program services $341,947
-
5 · Compensation of officers, directors and key employees
total $109,465 · program services $82,968 · management and general $4,838 · fundraising $21,659
-
7 · Other salaries and wages
total $630,553 · program services $477,922 · management and general $27,871 · fundraising $124,760
-
8 · Pension plan contributions
total $15,218 · program services $11,534 · management and general $673 · fundraising $3,011
-
10 · Payroll taxes
total $46,170 · program services $34,994 · management and general $2,041 · fundraising $9,135
-
11c · Fees: accounting
total $3,500 · management and general $3,500
-
11g · Fees: other
total $55,252 · program services $41,878 · management and general $2,442 · fundraising $10,932
-
12 · Advertising and promotion
total $46,850 · program services $35,509 · management and general $2,071 · fundraising $9,270
-
13 · Office expenses
total $23,061 · program services $17,479 · management and general $1,019 · fundraising $4,563
-
16 · Occupancy
total $52,476 · management and general $52,476
-
17 · Travel
total $372 · program services $282 · management and general $16 · fundraising $74
-
19 · Conferences, conventions and meetings
total $27,777 · program services $21,053 · management and general $1,228 · fundraising $5,496
-
22 · Depreciation, depletion and amortization
total $7,830 · program services $5,935 · management and general $346 · fundraising $1,549
-
23 · Insurance
total $8,413 · management and general $8,413
-
24a · Other expenses: SUMMER INTERSHIPS
total $68,608 · program services $68,608
-
24b · Other expenses: SERVICE FEES
total $53,373 · management and general $16,012 · fundraising $37,361
-
24c · Other expenses: SOFTWARE & PROGRAMMING
total $33,034 · management and general $9,910 · fundraising $23,124
-
24d · Other expenses: FOOD
total $29,289 · program services $22,199 · management and general $1,295 · fundraising $5,795
-
24e · All other expenses
total $73,336 · program services $55,663 · management and general $3,226 · fundraising $14,447
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $450,103 · end of year $273,267
-
2 · Savings and temporary cash investments
beginning of year $1,314,105 · end of year $1,213,776
-
3 · Pledges and grants receivable
beginning of year $76,314 · end of year $54,705
-
9 · Prepaid expenses and deferred charges
beginning of year $8,538 · end of year $9,413
-
10a · Land, buildings and equipment: cost or other basis
$115,872
-
10b · Land, buildings and equipment: accumulated depreciation
$101,988
-
10c · Land, buildings and equipment, net
beginning of year $18,385 · end of year $13,884
-
15 · Other assets
beginning of year $3,861,765 · end of year $4,307,514
-
17 · Accounts payable and accrued expenses
beginning of year $90,191 · end of year $43,243
-
25 · Other liabilities
beginning of year $571,360 · end of year $571,978
-
27 · Net assets without donor restrictions
beginning of year $4,491,345 · end of year $4,702,631
-
28 · Net assets with donor restrictions
beginning of year $576,314 · end of year $554,707
Mission and programs · 2024
Mission
"TO ENCOURAGE IN ALL LYNCHBURG CITY PUBLIC SCHOOL STUDENTS THE ASPIRATION TO PURSUE, AND PROVIDE THEM WITH THE TOOLS AND RESOURCES TO ATTAIN, A POST-SECONDARY EDUCATION."
Activities or mission (Part I)
TO INSPIRE LYNCHBURG'S YOUTH TO PURSUE POST-SECONDARY EDUCATION OR TRAINING, INVEST IN THEIR POTENTIAL, AND EQUIP THEM TO BECOME CONTRIBUTING INDIVIDUALS TO THE BETTERMENT OF OUR SOCIETY.
-
FUTURE CENTERS HOUSED IN BOTH LCS HIGH SCHOOLS (STAFFED, MAINTAINED, AND FUNDED BY THE BEACON OF HOPE) WHICH PROVIDES RESOURCES ON FINANCIAL AID AND COLLEGE ADMISSIONS FOR ALL LCS STUDENTS, GUIDANCE ON LOCAL AND FEDERAL FINANCIAL AID AND MENTORING PROGRAMS WHICH DILIGENTLY WORK TO ENCOURAGE STUDENTS TO APPLY AND LEVERAGE ALL AVAILABLE RESOURCES. SCHOLARSHIPS ARE MADE AVAILABLE AS PART OF THE APPLICATION PROCESS.
Expenses $1,217,971 · Grants $341,947
As filed on the 2024 return.
Listed in Part VII
-
Amanda SmithsonAMANDA SMITHSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Billy HansenBILLY HANSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Desha BestDESHA BEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Drew StaffordDREW STAFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary RaulersonGARY RAULERSON
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Heather ZippelHEATHER ZIPPEL
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Jamison SpinnerJAMISON SPINNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff ThompsonJEFF THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John CappsJOHN CAPPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen DavisKATHLEEN DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kellea HoganKELLEA HOGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kennon WhiteKENNON WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin HooperKEVIN HOOPER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kevin SmithKEVIN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret SchmittMARGARET SCHMITT
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Marty WrightMARTY WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael MaddenMICHAEL MADDEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Muriel MicklesMURIEL MICKLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peggy NolleyPEGGY NOLLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Terry BrennanTERRY BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas DelaneyTHOMAS DELANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Veronica BeverlyVERONICA BEVERLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Yvette MillerYVETTE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leidra McQueenLEIDRA MCQUEEN
EXEC DIRECTOR
- Total calculated
- $109,465
- From this org
- $109,465
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630449349302408
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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