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Nonprofit · EIN 51-0170403

LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC

Tax-exempt (reinstated) · LORENA, TX 76655

Financials

$92K$63K2022
Revenue Expenses · by fiscal year end
Financials of LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2023990-EZ$92,451$62,744$29,707$48,245–$48,245
Financial details: 990-EZ for the year ended August 31, 2023

Revenue

Net income from sales of inventory
$92,451

Expenses

Grants and similar amounts paid
$62,096
Compensation of officers, directors and key employees
$0
Printing, publications and postage
$129
Other expenses
$519
Program services (functional)
$145,089

Balance sheet and other

Total assets, start of year
$18,538
Total assets, end of year
$48,245
Total liabilities, end of year
–
Net assets, end of year
$48,245
Cash, savings and investments
$48,245
Gross receipts
$174,796

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 August 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
ERIC STREZSKYPresident1$0
JOHN HENRYVice President1$0
GREG WALKERTreasurer1$0
NICOLE STREZKYSecretary1$0

Address and contacts

Address (IRS master file)
PO BOX 161, LORENA, TX 76655-0161
Signed the 990-EZ
GREG WALKER, Treasurer
Phone
(254) 366-8666
Return prepared by
Hornbaker Advisors LLC

Mission

TO SUPPORT AND PROMOTE LORENA ISD ATHLETICS BY PROVIDING FINANCIAL ASSISTANCE, ORGANIZING EVENTS, AND ENGAGING IN OTHER ACTIVITIES THAT WILL BENEFIT THE STUDENT-ATHLETES AND THE ATHLETIC PROGRAMS.

990-EZ for the year ended August 31, 2023

Program accomplishments

  • ATHLETIC ASSOCIATION
    Expenses $145,089 · grants $62,096

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026Not on file
2023August 31, 2024January 15, 2025Not on file

IRS record

EIN
51-0170403
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$48,245
Income (IRS master file)
$174,796

Revocation and reinstatement

Exemption revoked
January 15, 2022
Posted by the IRS
April 11, 2022
Reinstated
Effective January 15, 2022

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-EZAugust 2023–––IRS

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 LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC

What is the EIN of LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC?
The employer identification number (EIN) of LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC is 51-0170403.
Is LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC tax-exempt?
Yes. The IRS revoked its exemption on January 15, 2022 and reinstated it effective January 15, 2022.
Are donations to LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC 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 LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended August 2023.
Who are the officers and directors of LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC?
The 990-EZ for the year ended August 31, 2023 lists 4 people; 0 received compensation from the organization.
How much revenue does LORENA INDEPENDENT SCHOOL DISTRICT ATHLETIC ASSC have?
On its 990-EZ for the year ended August 31, 2023 it reported revenue of $92,451, expenses of $62,744 and total assets of $48,245 at year end.

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