Nonprofit · EIN 42-1386147
LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION
Tax-exempt · LE MARS, IA 51031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $233,069 | $188,829 | $44,240 | $2,146,386 | $0 | $2,146,386 |
| December 31, 2024 | 990 | $292,592 | $135,311 | $157,281 | $2,094,161 | $0 | $2,094,161 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $130,170
- Program service revenue
- $0
- Investment income
- $99,734
- Net gain from sales of assets
- $2,471
- Net income from fundraising events
- $3,165
- Other revenue
- $3,165
Expenses
- Grants and similar amounts paid
- $180,643
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $188,829
Balance sheet and other
- Total assets, start of year
- $2,094,161
- Total assets, end of year
- $2,146,386
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,146,386
- Publicly traded securities
- $64,609
- Net assets without donor restrictions
- $1,999,478
- Net assets with donor restrictions
- $146,908
- Gross receipts
- $235,861
- Employees
- 0
- Year formed
- 1992
- State of legal domicile
- IA
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE ALBERT | DIRECTOR Trustee or director | 1 | $0 |
| JANELLE BIXENMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| VICKI BORCHERS | DIRECTOR Trustee or director | 1 | $0 |
| CLIFF COLLINS | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE CONNOR | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ROSALIE ELLEFSON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE HURT | DIRECTOR Trustee or director | 1 | $0 |
| JOANN JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| NATE KASS | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN KOERSELMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOSH KOVARNA | DIRECTOR Trustee or director | 1 | $0 |
| ZACH LANCASTER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KYAN LUDWIG | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| TOBY SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE THEISSEN | DIRECTOR Trustee or director | 1 | $0 |
| AARON TOLZIN | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN VANCE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WEBNER | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE ALBERT | DIRECTOR Trustee or director | 1 | $0 |
| JANELLE BIXENMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| VICKI BORCHERS | DIRECTOR Trustee or director | 1 | $0 |
| CLIFF COLLINS | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE CONNOR | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ROSALIE ELLEFSON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE HURT | DIRECTOR Trustee or director | 1 | $0 |
| JOANN JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| NATE KASS | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN KOERSELMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOSH KOVARNA | DIRECTOR Trustee or director | 1 | $0 |
| ZACH LANCASTER | PRESIDENT Trustee or director | 1 | $0 |
| KYAN LUDWIG | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| TOBY SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| JULIE THEISSEN | DIRECTOR Trustee or director | 1 | $0 |
| AARON TOLZIN | DIRECTOR Trustee or director, Officer | 1 | $0 |
| CAROLYN VANCE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WEBNER | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 921 3RD AVE SW, LE MARS, IA 51031-2261
- Principal officer (990 for 2025)
- ZACH LANCASTER, LOCAL, LE MARS, IA 51031
- Signed the 990
- ZACH LANCASTER, PRESIDENT
- Phone
- (712) 546-4155
- Return prepared by
- WILLIAMS & COMPANY CPA PC
Mission
THE FOUNDATION'S PURPOSE IS TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FOR COLLEGE, AS WELL AS OTHER FINANCIAL SUPPORT TO LEMARS COMMUNITY SCHOOL.
Program accomplishments
- IT IS THE INTENT OF THE FOUNDATION TO RAISE MONEY FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FOR COLLEGE.Expenses $188,829 · grants $180,643
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1386147
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $2,146,386
- Income (IRS master file)
- $235,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $233,069 | $188,829 | $2,146,386 | IRS |
| 990 | December 2024 | $292,592 | $135,311 | $2,094,161 | IRS |
| 990 | December 2023 | $1,175,000 | $170,485 | $1,933,755 | IRS |
| 990 | December 2022 | $634,726 | $546,407 | $915,493 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 42-1386147).
Questions about LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION
- What is the EIN of LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION?
- The employer identification number (EIN) of LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION is 42-1386147.
- Is LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEMARS COMMUNITY SCHOOL DISTRICT 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 LEMARS COMMUNITY SCHOOL DISTRICT 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 LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION?
- The 990 for the year ended December 31, 2025 names ZACH LANCASTER.
- Who are the officers and directors of LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does LEMARS COMMUNITY SCHOOL DISTRICT FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $233,069, expenses of $188,829 and total assets of $2,146,386 at year end.
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All nonprofits in LE MARS · Iowa · Philanthropy, voluntarism and grantmaking foundations