Totals
- Total revenue
- $683,868
- Total expenses
- $693,749
- Contributions and grants received
- $646,156
- Grants paid
- $280,690
- Program service revenue
- $0
- Investment income
- $86,655
- Other revenue
- -$48,943
- Total assets, end of year
- $2,180,821
- Total liabilities, end of year
- $10,961
- Net assets or fund balances, end of year
- $2,169,860
- Program services expenses (Part IX)
- $606,952
- Management and general expenses
- $52,244
- Fundraising expenses
- $34,553
- Program service expenses (Part III)
- $606,952
Program services were 87.5% 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
$36,821
-
1f · All other contributions, gifts and grants
$609,335
-
3 · Investment income
total $86,655 · excluded $86,655
-
8a · Fundraising events: contributions included on line 1c
$36,821
-
8b · Fundraising events: direct expenses
$48,943
-
8c · Net income from fundraising events
total -$48,943 · excluded -$48,943
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $280,690 · program services $280,690
-
5 · Compensation of officers, directors and key employees
total $149,637 · program services $59,855 · management and general $37,409 · fundraising $52,373
-
7 · Other salaries and wages
total $101,244 · program services $32,626 · management and general $47,243 · fundraising $21,375
-
9 · Other employee benefits
total $14,864 · program services $4,459 · management and general $4,459 · fundraising $5,946
-
10 · Payroll taxes
total $16,706 · program services $6,080 · management and general $5,854 · fundraising $4,772
-
11a · Fees: management
total $66,540 · program services $13,000 · management and general $47,040 · fundraising $6,500
-
11c · Fees: accounting
total $20,550 · management and general $20,550
-
12 · Advertising and promotion
total $40,991 · program services $22,125 · management and general $6,569 · fundraising $12,297
-
13 · Office expenses
total $22,320 · program services $5,293 · management and general $9,252 · fundraising $7,775
-
14 · Information technology
total $13,578 · program services $2,210 · management and general $5,841 · fundraising $5,527
-
16 · Occupancy
total $17,206 · program services $5,850 · management and general $5,678 · fundraising $5,678
-
17 · Travel
total $272 · program services $54 · fundraising $218
-
19 · Conferences, conventions and meetings
total $16,743 · program services $6,728 · management and general $4,025 · fundraising $5,990
-
23 · Insurance
total $5,374 · program services $1,844 · management and general $1,786 · fundraising $1,744
-
24a · Other expenses: Readiness Initiatives
total $166,138 · program services $166,138
-
24b · Other expenses: Admin Expense Reimbursement
total -$250,000 · management and general -$150,000 · fundraising -$100,000
-
24c · Other expenses: Dues & Memberships
total $10,896 · management and general $6,538 · fundraising $4,358
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $81,268 · end of year $161,345
-
2 · Savings and temporary cash investments
beginning of year $2,180,309 · end of year $1,925,350
-
4 · Accounts receivable
beginning of year $76,901 · end of year $67,105
-
9 · Prepaid expenses and deferred charges
beginning of year $6,007 · end of year $4,422
-
15 · Other assets
beginning of year $9,763 · end of year $22,599
-
17 · Accounts payable and accrued expenses
beginning of year $119,345 · end of year $953
-
19 · Deferred revenue
beginning of year $58,000 · end of year $10,008
-
27 · Net assets without donor restrictions
beginning of year $439,035 · end of year $428,856
-
28 · Net assets with donor restrictions
beginning of year $1,737,868 · end of year $1,741,004
Mission and programs · 2023
Mission
Lansing Promise helps students in gaining access to higher education through readiness and scholarships.
-
To provide Place-Based scholarships and readiness initiatives to students who reside in Lansing School District to help the students gain access to higher education and college preparatory programming.
Expenses $606,952
As filed on the 2023 return.
Listed in Part VII
-
Justin Sheehan
President CEO
- Total calculated
- $150,349
- From this org
- $118,083
- From related orgs
- $0
- Other
- $32,266
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $118,083
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $32,266
- Filer's total
- $150,349
-
Jen Sturdy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Rick Wendorf
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mayor Andy Schor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Holman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sheri Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
Adam Williams
Director
- Total calculated
- $0
- Hours/week
- 1
-
Don Romain
Director
- Total calculated
- $0
- Hours/week
- 1
-
DeYeya Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Daman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Yankowski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica Benavides
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Benson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carmen Argersinger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lea Ammerman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dominic Carbone
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alan Haller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kelli E Etchison
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stella Cash
Director
- Total calculated
- $0
- Hours/week
- 1
-
Abel Travis
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Kellie P Dean
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Nino Rodriguez
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jon Lundy
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
-
Lansing Community College
$115,506
Scholarships
-
$75,500
Scholarships
-
$19,299
Readiness Initiatives
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Lansing Promise Zone Authority
Tax Capture Scholarships · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432649349300938
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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