Nonprofit · EIN 54-1385200
THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC
Tax-exempt · LYNCHBURG, VA 24504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $645,189 | $844,965 | -$199,776 | $823,371 | $721 | $822,650 |
| June 30, 2024 | 990 | $481,920 | $439,830 | $42,090 | $1,026,541 | $4,115 | $1,022,426 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $607,998
- Program service revenue
- $0
- Investment income
- $38,884
- Net income from fundraising events
- -$1,693
- Other revenue
- -$1,693
Expenses
- Grants and similar amounts paid
- $296,222
- Compensation of officers, directors and key employees
- $60,900
- Other salaries and wages
- $44,384
- Salaries, compensation and benefits (total)
- $124,112
- Professional fundraising fees
- $0
- Accounting fees
- $1,325
- Travel
- $1,808
- Program services (functional)
- $753,759
- Management and general (functional)
- $91,206
Balance sheet and other
- Total assets, start of year
- $1,026,541
- Total assets, end of year
- $823,371
- Total liabilities, end of year
- $721
- Net assets, end of year
- $822,650
- Net assets without donor restrictions
- $822,650
- Gross receipts
- $646,882
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1985
- State of legal domicile
- VA
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 |
|---|---|---|---|
| DAWN FIELDS WISE | EXECUTIVE DIRECTOR Key employee | 35 | $60,900 |
| L KIMBALL PAYNE | VICE-PRESIDENT Trustee or director | 1 | $0 |
| MATT SCHEWEL | TREASURER Trustee or director | 1 | $0 |
| DR JOHN CAPPS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JULIE DOYLE | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR BENJAMIN COPELAND | EX OFFICIO Trustee or director | 1 | $0 |
| BEVERLY MCCLOSKEY | DIRECTOR Trustee or director | 1 | $0 |
| DARLA EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| DENISE JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| EM FRANKFORT | DIRECTOR Trustee or director, Officer | 1 | $0 |
| ERIK NYGAARD | DIRECTOR Trustee or director | 1 | $0 |
| VIVIAN MILLER | DIRECTOR Trustee or director | 1 | $0 |
| JACK SORRELLS | DIRECTOR Trustee or director | 1 | $0 |
| KATE WALL | DIRECTOR Trustee or director | 1 | $0 |
| MARJETTE UPSHUR | DIRECTOR Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD TUGMAN | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA MCGOVERN | DIRECTOR Trustee or director | 1 | $0 |
| GARY HARVEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAWN FIELDS WISE | EXECUTIVE DIRECTOR Key employee | 35 | $58,260 |
| EM FRANKFORT | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| JULIE DOYLE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD TUGMAN | DIRECTOR Trustee or director | 1 | $0 |
| DR JOHN CAPPS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE DAWSON | DIRECTOR Trustee or director | 1 | $0 |
| MARJETTE UPSHUR | DIRECTOR Trustee or director | 1 | $0 |
| ERIK NYGAARD | DIRECTOR Trustee or director | 1 | $0 |
| BEVERLY MCCLOSKEY | DIRECTOR Trustee or director | 1 | $0 |
| AMY GALLAGHER | TREASURER Trustee or director, Officer | 1 | $0 |
| DR ALISON MORRISON-SHETLAR | DIRECTOR Trustee or director | 1 | $0 |
| DARLA EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| DR CRYSTAL EDWARDS | EX OFFICIO Trustee or director | 1 | $0 |
| JACK SORRELLS | DIRECTOR Trustee or director | 1 | $0 |
| HELEN WHEELOCK | DIRECTOR Trustee or director | 1 | $0 |
| L KIMBALL PAYNE | DIRECTOR Trustee or director | 1 | $0 |
| KIMBERLY LANKFORD | DIRECTOR Trustee or director | 1 | $0 |
| MATT SCHEWEL | DIRECTOR Trustee or director | 1 | $0 |
| KEITH MANN | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA SMITHSON | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE ANDREWS | DIRECTOR Trustee or director | 1 | $0 |
| DENISE JACKSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 915 COURT ST, LYNCHBURG, VA 24504-1603
- In care of
- % LYNCHBURG PUBLIC SCHOOLS
- Principal officer (990 for 2024)
- ERIK NYGAARD, PO BOX 2497, LYNCHBURG, VA 24505
- Signed the 990
- ERIK NYGAARD, PRESIDENT
- Phone
- (434) 515-5081
- Website
- LCSEDFOUNDATION.ORG
- Return prepared by
- DAVIDSON DOYLE & HILTON LLP
Mission
ADVANCING EXCELLENCE AND EQUITY IN THE LYNCHBURG CITY SCHOOLS THROUGH ADVOCACY AND EDUCATIONAL FUNDING.
Program accomplishments
- PROVIDE GRANTS TO TEACHERS TO REIMBURSE FOR COST OF ADDITIONAL ACTIVITIES FOR STUDENTS AT LYNCHBURG CITY SCHOOLS.Expenses $512,970 · grants $296,222
- TOOLS4SCHOOLS PROVIDES A WAY FOR COMPANIES TO PROVIDE NEEDED ADDITIONAL RESOURCES TO SCHOOLS AND TEACHERS.Expenses $41,773
- THE FOUNDATION MANAGES SPONSORED SCHOLARSHIPS AND PROGRAMS.Expenses $199,016
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
- 54-1385200
- 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
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $823,371
- Income (IRS master file)
- $646,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $645,189 | $844,965 | $823,371 | IRS |
| 990 | June 2024 | $481,920 | $439,830 | $1,026,541 | XML |
| 990 | June 2023 | $457,542 | $370,758 | $982,225 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 54-1385200).
Questions about THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC
- What is the EIN of THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC is 54-1385200.
- Is THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LYNCHBURG PUBLIC SCHOOLS EDUCATION 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 THE LYNCHBURG PUBLIC SCHOOLS EDUCATION 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 THE LYNCHBURG PUBLIC SCHOOLS EDUCATION 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 THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ERIK NYGAARD.
- Who are the officers and directors of THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $60,900 (DAWN FIELDS WISE, EXECUTIVE DIRECTOR).
- How much revenue does THE LYNCHBURG PUBLIC SCHOOLS EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $645,189, expenses of $844,965 and total assets of $823,371 at year end.
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