Nonprofit · EIN 56-2272645
FRANCES LACY ELEMENTARY SCHOOL FOUNDATION
Tax-exempt · RALEIGH, NC 27607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $338,823 | $359,572 | -$20,749 | $186,972 | $0 | $186,972 |
| June 30, 2024 | 990 | $371,485 | $343,081 | $28,404 | $194,960 | $0 | $194,960 |
| June 30, 2023 | 990 | $334,080 | $357,447 | -$23,367 | $130,915 | $0 | $130,915 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $259,720
- Program service revenue
- $0
- Investment income
- $8,127
- Net income from fundraising events
- $70,976
- Other revenue
- $70,976
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $355,000
- Management and general (functional)
- $4,572
Balance sheet and other
- Total assets, start of year
- $194,960
- Total assets, end of year
- $186,972
- Total liabilities, end of year
- $0
- Net assets, end of year
- $186,972
- Gross receipts
- $356,778
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lauren Leager | President Trustee or director, Officer | 2 | $0 |
| Michael MacGovern | Principal Trustee or director | 1 | $0 |
| Cooper Tharrington | Treasurer Trustee or director, Officer | 1 | $0 |
| Danny Lumsden | Past President Trustee or director | 1 | $0 |
| Amy Jones | PTA Liaison Trustee or director | 1 | $0 |
| Frances Finch | Chair Trustee or director | 1 | $0 |
| Maggie Clougherty | Secretary Trustee or director, Officer | 1 | $0 |
| Leeann Phipps | Advisor Trustee or director | 1 | $0 |
| David Rose | Advisor Trustee or director | 1 | $0 |
| Meredith Saleh | President Elect Trustee or director | 1 | $0 |
| Gardner Gibson | PTA Liaison Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Danny Lumsden | President Trustee or director, Officer | 2 | $0 |
| Sherri Miller | Principal Trustee or director | 1 | $0 |
| Meredith Smith | Treasurer Trustee or director, Officer | 1 | $0 |
| Kimberly Miller | Past President Trustee or director | 1 | $0 |
| Megan Camp | PTA Liaison Trustee or director | 1 | $0 |
| Frances Finch | Chair Trustee or director | 1 | $0 |
| Maggie Clougherty | Secretary Trustee or director, Officer | 1 | $0 |
| Ela Gardner | Advisor Trustee or director | 1 | $0 |
| Tori-Ann Herwig | Advisor Trustee or director | 1 | $0 |
| David Rose | Advisor Trustee or director | 1 | $0 |
| Lauren Leager | President Elect Trustee or director | 1 | $0 |
| Brooke Fork | PTA Liaison Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Danny Lumsden | President Elect Trustee or director | 2 | $0 |
| Sherri Miller | Principal Trustee or director | 1 | $0 |
| Meredith Smith | Treasurer Trustee or director, Officer | 1 | $0 |
| Wesley Gelb | Past President Trustee or director | 1 | $0 |
| Sara Perdue | PTA Liaison Trustee or director | 1 | $0 |
| Sarah Thamm | Chair Trustee or director | 1 | $0 |
| Maggie Clougherty | Secretary Trustee or director, Officer | 1 | $0 |
| Ela Gardner | Director Trustee or director | 1 | $0 |
| Tori-Ann Herwig | Advisor Trustee or director | 1 | $0 |
| Craig Koller | Advisor Trustee or director | 1 | $0 |
| Kimberly Miller | President Trustee or director, Officer | 1 | $0 |
| Suzanne Pierce | PTA Liaison Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 LAKE BOONE TRL, RALEIGH, NC 27607-6776
- Principal officer (990 for 2024)
- Danny Lumsden, 2001 Lake Boone Trail, Raleigh, NC 27607
- Signed the 990
- Cooper Tharrington, Treasurer
- Phone
- (252) 432-6924
- Website
- www.lacyfoundation.org
- Return prepared by
- Heroux & Company LLP
Mission
To provide for teachers and assistant teachers' salaries and benefits for additional positions outside of state budget to increase literacy and overall educational achievement goals at Frances Lacy Elementary School.
Program accomplishments
- Helped to staff assistant teachers, teaching specialists, and other classroom teachers at Frances Lacy Elementary, reducing student-to-teacher ratios and providing enhanced educational opportunities to all students.Expenses $355,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2272645
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B122)
- Assets (IRS master file)
- $186,972
- Income (IRS master file)
- $356,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $338,823 | $359,572 | $186,972 | XML |
| 990 | June 2024 | $371,485 | $343,081 | $194,960 | XML |
| 990 | June 2023 | $334,080 | $357,447 | $130,915 | XML |
| 990 | June 2022 | $293,646 | $500,251 | $141,381 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 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 56-2272645).
Questions about FRANCES LACY ELEMENTARY SCHOOL FOUNDATION
- What is the EIN of FRANCES LACY ELEMENTARY SCHOOL FOUNDATION?
- The employer identification number (EIN) of FRANCES LACY ELEMENTARY SCHOOL FOUNDATION is 56-2272645.
- Is FRANCES LACY ELEMENTARY SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to FRANCES LACY ELEMENTARY SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANCES LACY ELEMENTARY SCHOOL 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 FRANCES LACY ELEMENTARY SCHOOL FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANCES LACY ELEMENTARY SCHOOL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRANCES LACY ELEMENTARY SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 names Danny Lumsden.
- Who are the officers and directors of FRANCES LACY ELEMENTARY SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FRANCES LACY ELEMENTARY SCHOOL FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $338,823, expenses of $359,572 and total assets of $186,972 at year end.
Other nonprofits in RALEIGH
- NC STATE INVESTMENT FUND INC EIN 31-1607634 · last filed 990 for 2025
- NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC EIN 56-6049503 · last filed 990 for 2025
- NORTH CAROLINA PARTNERSHIP FOR CHILDREN INC EIN 56-1850485 · last filed 990 for 2025
- MEREDITH COLLEGE EIN 56-0530242 · last filed 990 for 2025
- THALES ACADEMY EIN 20-8920342 · last filed 990 for 2025
- NC STUDENT AID ASSOCIATION INC EIN 56-0650623 · last filed 990 for 2025
- RAVENSCROFT SCHOOL INC EIN 56-6001583 · last filed 990 for 2025
- NC STATE ENGINEERING FOUNDATION INC EIN 56-6046987 · last filed 990 for 2025