Nonprofit · EIN 64-0433661
LULA RICH EDUCATIONAL FOUNDATION INC
Tax-exempt · CLARKSDALE, MS 38614
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,966,960 | $2,049,911 | -$82,951 | $2,806,857 | $0 | $2,806,857 |
| June 30, 2024 | 990 | $1,975,665 | $1,937,004 | $38,661 | $2,889,808 | $0 | $2,889,808 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $222,815
- Program service revenue
- $1,368,767
- Investment income
- $24,720
- Net income from fundraising events
- $334,730
- Other revenue
- $350,658
Expenses
- Grants and similar amounts paid
- $34,616
- Salaries, compensation and benefits (total)
- $1,148,649
- Professional fundraising fees
- $0
- Accounting fees
- $9,120
- Travel
- $15,224
- Depreciation
- $158,080
- Program services (functional)
- $1,700,647
- Management and general (functional)
- $349,264
Balance sheet and other
- Total assets, start of year
- $2,889,808
- Total assets, end of year
- $2,806,857
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,806,857
- Land, buildings and equipment
- $1,833,844
- Net assets without donor restrictions
- $2,768,094
- Net assets with donor restrictions
- $38,763
- Gross receipts
- $2,075,291
- Employees
- 32
- Volunteers
- 20
- Year formed
- 1969
- State of legal domicile
- MS
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 |
|---|---|---|---|
| COLE JACKSON | DIRECTOR Trustee or director | 2 | $0 |
| MAGGIE POWELL | DIRECTOR Trustee or director | 2 | $0 |
| MASON DUNN | DIRECTOR Trustee or director | 2 | $0 |
| HAYDEN LINLEY | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT CARSON | DIRECTOR Trustee or director | 2 | $0 |
| JAMIE GASTON | PRESIDENT Officer | 2 | $0 |
| JAMES CURCIO | DIRECTOR Trustee or director | 2 | $0 |
| LESLEY JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| JACKSON WEBB | DIRECTOR Trustee or director | 2 | $0 |
| MARY EVELYN STONESTREET | DIRECTOR Trustee or director | 2 | $0 |
| JOHN WONG | DIRECTOR Trustee or director | 2 | $0 |
| JEFF HOLLOWELL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY SMITH | DIRECTOR Trustee or director | 2 | $0 |
| GLENN MONTGOMERY | DIRECTOR Trustee or director | 2 | $0 |
| MASON DUNN | DIRECTOR Trustee or director | 2 | $0 |
| HAYDEN LINLEY | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT CARSON | DIRECTOR Trustee or director | 2 | $0 |
| JAMIE GASTON | PRESIDENT Officer | 2 | $0 |
| JAMES CURCIO | DIRECTOR Trustee or director | 2 | $0 |
| LESLEY JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| JACKSON WEBB | DIRECTOR Trustee or director | 2 | $0 |
| MARY EVELYN STONESTREET | DIRECTOR Trustee or director | 2 | $0 |
| JOHN WONG | DIRECTOR Trustee or director | 2 | $0 |
| JEFF HOLLOWELL | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 415 LEE DR, CLARKSDALE, MS 38614-1906
- Principal officer (990 for 2024)
- JAMIE GASTON, P O BOX 638, CLARKSDALE, MS 38614
- Signed the 990
- JAMIE GASTON, PRESIDENT
- Phone
- (662) 627-7891
- Website
- WWW.LEEACADEMYCOLTS.ORG
- Return prepared by
- WALTERS & BALDUCCI PLLC
Mission
PRIVATE SCHOOL GRADES SEVENTH THROUGH TWELFTH GRADE
Program accomplishments
- TUITION-PRIVATE SCHOOL GRADES SEVENTH THROUGH TWELFTH GRADEExpenses $1,402,966 · grants $34,616 · revenue $1,106,835
- SCHOOL ACTIVITIES INCLUDING ATHLETICS, STUDENT GOVERNMENT, YEARBOOKExpenses $246,395 · revenue $190,247
- BOOK FEES FOR STUDENT TEXTBOOKSExpenses $51,286 · revenue $71,685
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
- 64-0433661
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $2,806,857
- Income (IRS master file)
- $2,075,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,966,960 | $2,049,911 | $2,806,857 | XML |
| 990 | June 2024 | $1,975,665 | $1,937,004 | $2,889,808 | XML |
| 990 | June 2023 | $1,926,742 | $1,994,526 | $2,865,517 | IRS |
| 990 | June 2022 | $2,151,064 | $1,889,351 | $2,922,953 | IRS |
| 990 | June 2021 | – | – | – | 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 64-0433661).
Questions about LULA RICH EDUCATIONAL FOUNDATION INC
- What is the EIN of LULA RICH EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of LULA RICH EDUCATIONAL FOUNDATION INC is 64-0433661.
- Is LULA RICH EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LULA RICH EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LULA RICH EDUCATIONAL FOUNDATION INC 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 LULA RICH EDUCATIONAL FOUNDATION INC 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 LULA RICH EDUCATIONAL FOUNDATION INC 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 LULA RICH EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JAMIE GASTON.
- Who are the officers and directors of LULA RICH EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does LULA RICH EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,966,960, expenses of $2,049,911 and total assets of $2,806,857 at year end.
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