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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 27-5343988

LBA FOUNDATION

Tax-exempt (reinstated) · CEDAR RAPIDS, IA 52402

Financials

$91K$87K2025
Revenue Expenses · by fiscal year end
Financials of LBA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$90,529$87,295$3,234$3,449$0$3,449
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$87,754
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$2,775
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fees and payments to contractors
$60,845
Occupancy
$2,968
Printing, publications and postage
$2,745
Other expenses
$20,737
Program services (functional)
$26,450

Balance sheet and other

Total assets, start of year
$215
Total assets, end of year
$3,449
Total liabilities, end of year
$0
Net assets, end of year
$3,449
Cash, savings and investments
$3,449
Gross receipts
$95,779

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Rashar MorganPresident1$0
Todd StarkVice President1$0
Sarah SandersfeldSecretary1$0
Albert CarrTreasurer1$0

Address and contacts

Address (IRS master file)
2320 E AVE NE, CEDAR RAPIDS, IA 52402-4927
In care of
% ALPHONCE OBANNON
Signed the 990-EZ
Alphonce O'Bannon, Executive Director
Phone
(319) 533-5095

Mission

The LBA Foundation (Leaders Believers Achievers) exists to assist youth find their purpose and connect with their community so they can build their best life and become model and productive members of our community and nation. We believe every youth can achieve greateness when they connect to their purpose, connect to mentors and community, and connect to a dream they feel is achieveable with the people and resources we bring to support them. We provide mentorship, career exploration, skills building, academic assistance, and evangelize all career pathways equally---college, skilled trades, entrepreneurship, or career readiness with equal vigor.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • The LBA Foundation supported over 600 youths across eastern Iowa, primarily in Cedar Rapids and Linn County. Our efforts are centered on helping youths get connected to something that they feel passionate about and then finding resources to help them pursue that goal and dream. We took over 60 youths on business site visits to learn about different jobs and industries, held 4 events in area parks to encourage exploration of green spaces, conducted after school gatherings at local gyms and rec centers where we had over 422 attendees during 2025. During the past year we also assisted 27 at risk youth to achieve their diplomas and helped place 16 students into summer jobs and internships. A big push for our organization was holding seminars where we introduced various careers to our youths so they could realize how many options there truly are to pursue--and these seminars had over 126 attendees. Additionally, we continued our efforts to help remove stigmas around talking about mental health and continued our youth mental wellness circles that had 42 youths participate in for multiple meetings throughout the year.
    Expenses $26,450

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025No data
2023December 31, 2023May 15, 2024No data

File the 2026 990-EZ for LBA FOUNDATION

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
27-5343988
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,449
Income (IRS master file)
$95,779

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$90,529$87,295$3,449XML

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about LBA FOUNDATION

What is the EIN of LBA FOUNDATION?
The employer identification number (EIN) of LBA FOUNDATION is 27-5343988.
Is LBA FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to LBA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LBA FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LBA FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LBA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of LBA FOUNDATION?
The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does LBA FOUNDATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $90,529, expenses of $87,295 and total assets of $3,449 at year end.

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