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← MARGIN OF EXCELLENCE

Form 990 for tax year 2024

Filed by MARGIN OF EXCELLENCE.

Totals

Total revenue
$231,977
Total expenses
$297,361
Contributions and grants received
$225,023
Grants paid
$222,281
Program service revenue
$0
Investment income
$9,051
Other revenue
-$2,097
Total assets, end of year
$210,656
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$210,656
Program services expenses (Part IX)
$293,526
Management and general expenses
$3,835
Fundraising expenses
$0
Program service expenses (Part III)
$293,526

Program services were 98.7% 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

    $49,830

  • 1f · All other contributions, gifts and grants

    $175,193

  • 3 · Investment income

    total $9,051 · excluded $9,051

  • 8a · Fundraising events: gross income

    $4,905

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

    $49,830

  • 8b · Fundraising events: direct expenses

    $7,002

  • 8c · Net income from fundraising events

    total -$2,097 · excluded -$2,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $181,810 · program services $181,810

  • 2 · Grants to domestic individuals

    total $7,000 · program services $7,000

  • 3 · Grants to foreign organizations and individuals

    total $33,471 · program services $33,471

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 24a · Other expenses: SCHOOL PROJECTS

    total $64,832 · program services $64,832

  • 24b · Other expenses: RELIEF PROJECTS

    total $6,413 · program services $6,413

  • 24c · Other expenses: ACCOUNT FEES

    total $2,035 · management and general $2,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,040 · end of year $210,656

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $276,040 · end of year $210,656

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE UNITED STATES AND AROUND THE WORLD TO ENHANCE AND IMPROVE THE QUALITY OF LIFE OF THOSE IN NEED. TO PROVIDE SCHOLARSHIPS, ORGANIZE COMMUNITY SERVICE PROJECTS AND BUILD SCHOOLS AND HOUSING FOR VICTIMS OF NATURAL DISASTERS.

Activities or mission (Part I)

TO PROVIDE EDUCATIONAL AND CHARITABLE ACTIVITIES IN THE UNITED STATES AND AROUND THE WORLD

  • HAITI RELIEF FUND - TO PROVIDE DIRECT ASSISTANCE TO THE HAITIAN PEOPLE WITH THE GOAL OF REBUILDING LIVES. THE FOUNDATION SUPPORTS TWO HAITIAN PRIMARY SCHOOLS AND PROVIDES FULL FINANCIAL SUPPORT FOR THE SCHOOLS' OPERATIONS, INCLUDING TEACHER SALARIES, MAINTENANCE, SUPPLIES AND MEALS FOR THE CHILDREN. TOGETHER WITH COMMUNITY VOLUNTEERS, THE FOUNDATION COMPLETED EXTENSIVE RENOVATION WORK IN ORDER TO PROVIDE THE CHILDREN WITH A SAFE AND SANITARY PLACE TO LEARN. THESE RENOVATIONS HAVE INCLUDED THE REBUILDING OF RESTROOMS AND COOKING FACILITIES, A NEW CLASSROOM, THE INSTALLATION OF A WATER SYSTEM AND DRAINAGE FOR RAIN WATER, NEW ROOFING AND A GENERATOR FOR ELECTRICITY.

    Expenses $64,832

  • THE VOCAL SCHOLARSHIP PROGRAM IS A COMPETITION HELD IN PARTNERSHIP WITH THE UNIVERSITY OF KENTUCKY. IT IS OPEN TO ALL NEW VOICE STUDENTS WHO PLAN TO ATTEND THE UNIVERSITY OF KENTUCKY. THE COMPETITION AWARDS TUITION AND OTHER GRANTS TO GRADUATE AND UNDERGRADUATE STUDENTS. THE WINNERS ARE DETERMINED BY A PANEL OF OUTSIDE PROFESSIONALS IN THE MUSIC FIELD AND ARE NOT DETERMINED BY THE FOUNDATION.

    Expenses $46,500 · Grants $46,500

  • THE FOUNDATION RAISED FUNDS AND PROVIDED ASSISTANCE TO THOSE IN NEED THROUGH VARIOUS DISASTER RECOVERY PROGRAMS, INCLUDING RELIEF EFFORTS FOR MOROCCO EARTHQUAKE SURVIVORS, UKRAINE WAR VICTIMS, HURRICANE HELENE, TEXAS FIRES, AND DOMESTIC VIOLENCE SURVIVORS. SUPPORT WAS ALSO EXTENDED TO FOOD SHELVES, CANCER-RELATED CAUSES, AND MENTAL HEALTH CHARITIES.

    Expenses $182,194 · Grants $175,781

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK PEARSE LYONS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • DEIRDRE MARY LYONS

    VP/SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • LARRY HEHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN NICHOLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAN NOLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202521359349303392

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