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Nonprofiteer
← LEARY EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by LEARY EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$15,932,032
Total expenses
$13,812,695
Contributions and grants received
$3,248,984
Grants paid
$0
Program service revenue
$12,665,770
Investment income
$12,733
Other revenue
$4,545
Total assets, end of year
$14,628,278
Total liabilities, end of year
$3,948,415
Net assets or fund balances, end of year
$10,679,863
Program services expenses (Part IX)
$12,172,938
Management and general expenses
$1,502,136
Fundraising expenses
$137,621
Program service expenses (Part III)
$12,172,938

Program services were 88.1% 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

    $36,129

  • 1e · Government grants (contributions)

    $3,127,372

  • 1f · All other contributions, gifts and grants

    $85,483

  • 2a · Program service revenue: TUITION AND FEES

    total $12,557,707 · related or exempt $12,557,707

  • 2b · Program service revenue: USDA REIMBURSEMENT

    total $108,063 · related or exempt $108,063

  • 3 · Investment income

    total $12,733 · excluded $12,733

  • 8a · Fundraising events: gross income

    $26,665

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

    $36,129

  • 8b · Fundraising events: direct expenses

    $36,433

  • 8c · Net income from fundraising events

    total -$9,768 · excluded -$9,768

  • 11a · Other revenue: OTHER INCOME

    total $14,313 · related or exempt $14,313

  • 11e · Other revenue, total

    $14,313

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $340,118 · program services $298,953 · management and general $36,891 · fundraising $4,274

  • 7 · Other salaries and wages

    total $8,250,019 · program services $7,308,015 · management and general $829,750 · fundraising $112,254

  • 8 · Pension plan contributions

    total $239,959 · program services $239,959

  • 9 · Other employee benefits

    total $1,449,644 · program services $1,384,823 · management and general $64,821

  • 10 · Payroll taxes

    total $663,527 · program services $611,447 · management and general $46,872 · fundraising $5,208

  • 16 · Occupancy

    total $231,872 · program services $231,076 · management and general $796

  • 19 · Conferences, conventions and meetings

    total $28,645 · program services $28,300 · fundraising $345

  • 20 · Interest

    total $191,397 · program services $94,555 · management and general $96,842

  • 22 · Depreciation, depletion and amortization

    total $429,945 · program services $409,834 · management and general $20,111

  • 24a · Other expenses: MISCELLANEOUS

    total $1,082,777 · program services $665,491 · management and general $405,640 · fundraising $11,646

  • 24b · Other expenses: FOOD & BEVERAGE

    total $281,459 · program services $281,335 · management and general $124

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $246,660 · program services $246,660

  • 24d · Other expenses: SUPPLIES

    total $186,758 · program services $182,575 · management and general $289 · fundraising $3,894

  • 24e · All other expenses

    total $189,915 · program services $189,915

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,804 · end of year $6,530

  • 2 · Savings and temporary cash investments

    beginning of year $168,093 · end of year $720,199

  • 3 · Pledges and grants receivable

    beginning of year $201,337 · end of year $227,989

  • 4 · Accounts receivable

    beginning of year $2,299,493 · end of year $2,404,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,527 · end of year $62,692

  • 10a · Land, buildings and equipment: cost or other basis

    $16,519,915

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,535,365

  • 10c · Land, buildings and equipment, net

    beginning of year $7,072,317 · end of year $6,984,550

  • 12 · Investments: other securities

    beginning of year $1,388,496 · end of year $1,789,103

  • 15 · Other assets

    beginning of year $1,505,905 · end of year $2,432,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $843,805 · end of year $897,052

  • 23 · Secured mortgages and notes payable

    beginning of year $2,459,597 · end of year $2,059,372

  • 25 · Other liabilities

    beginning of year $1,158,145 · end of year $991,991

  • 27 · Net assets without donor restrictions

    beginning of year $8,197,414 · end of year $10,603,316

  • 28 · Net assets with donor restrictions

    beginning of year $77,011 · end of year $76,547

Mission and programs · 2023

Mission

TO OPERATE A RESIDENTIAL SCHOOL SERVING YOUNG MEN WITH A HISTORY OF SERIOUS EMOTIONAL, LEARNING, AND BEHAVIORAL DIFFICULTIES.

  • OPERATION OF A RESIDENTIAL SCHOOL SERVING YOUNG MEN WITH A HISTORY OF SERIOUS EMOTIONAL, LEARNING, AND BEHAVORIAL DIFFICULTIES.

    Expenses $9,124,850 · Revenue $12,680,083

  • OPERATION OF A RESIDENTIAL TREATMENT CENTER SERVING MALE ADOLESCENTS. THE PROGRAM WORKS WITH YOUTH TO DEVELOP THE SKILLS NEEDED FOR GOOD MENTAL HEALTH, RELATIONSHIPS, EDUCATION AND EMPLOYMENT.

    Expenses $2,962,532

  • Expenses $85,556

As filed on the 2023 return.

Listed in Part VII

  • Dr Troy M Glembot

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ms Patricia I Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Charles H Hagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Jerry B Partlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Albert L Orndorff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Paul E Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Julia M Connell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mr David L Hensley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mr James Printz Jr

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Grady W Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robbie Marchant

    CHIEF FINANCIAL OFFICER

    Total calculated
    $132,880
    From this org
    $132,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Derek Unger

    CEO

    Total calculated
    $175,907
    From this org
    $175,907
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,907
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,907

  • Larry Armstrong

    CLINICIAN

    Total calculated
    $100,766
    From this org
    $100,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Victor Williams

    ADMINISTRATOR

    Total calculated
    $106,830
    From this org
    $106,830
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
DR. JOHN J. LAMANNA, MELVIN D. THOMAS, JAMES BARRETTA AND ROBBIE MARCHANT THESE INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SPONSORED BY THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202520309349300302

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