Civic Intelligence

Lane Thomas Foundation

990 • Fiscal year 2019 • EIN 81-4544601

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 21, 2020

Organization ProfileWWW.LANETHOMAS.ORG
PO Box 540365Omaha, NE 68154

(402) 200-5830

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

5.7%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$4,968,369

Up $719,979 (+17%) from 2018

Net Assets

Up

$4,925,975

Up $710,591 (+17%) from 2018

Liabilities

Up

$42,394

Up $9,388 (+28%) from 2018

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin90th percentile

Revenue

Up

$736,588

Up $39,803 (+5.7%) from 2018

Expenses

Up

$396,877

Up $89,612 (+29%) from 2018

Net Income

Down

$339,711

Down $49,809 (-13%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2017: $3,721,444Liabilities 2017: $101,999Net Assets 2017: $3,619,4452017Assets 2018: $4,248,390Liabilities 2018: $33,006Net Assets 2018: $4,215,3842018Assets 2019: $4,968,369Liabilities 2019: $42,394Net Assets 2019: $4,925,9752019Assets 2020: $5,248,368Liabilities 2020: $4,713Net Assets 2020: $5,243,6552020Assets 2021: $6,116,502Liabilities 2021: $14,636Net Assets 2021: $6,101,8662021Assets 2022: $5,184,572Liabilities 2022: $6,362Net Assets 2022: $5,178,2102022Assets 2023: $5,964,071Liabilities 2023: $5,126Net Assets 2023: $5,958,9452023Assets 2024: $6,666,178Liabilities 2024: $10,360Net Assets 2024: $6,655,8182024

Highlighted filing

2019

Assets$4,968,369
Liabilities$42,394
Net Assets$4,925,975
Open 2019 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $3,544,108Expenses 2017: $116,126Net Income 2017: $3,427,9822017Revenue 2018: $696,785Expenses 2018: $307,265Net Income 2018: $389,5202018Revenue 2019: $736,588Expenses 2019: $396,877Net Income 2019: $339,7112019Revenue 2020: $234,152Expenses 2020: $339,300Net Income 2020: -$105,1482020Revenue 2021: $764,745Expenses 2021: $375,151Net Income 2021: $389,5942021Revenue 2022: $294,539Expenses 2022: $277,010Net Income 2022: $17,5292022Revenue 2023: $377,170Expenses 2023: $203,887Net Income 2023: $173,2832023Revenue 2024: $408,742Expenses 2024: $149,697Net Income 2024: $259,0452024

Highlighted filing

2019

Revenue$736,588
Expenses$396,877
Net Income$339,711
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 21, 2020
Return Version
2019v5.1
Gross Receipts
$848,272
Mission and Program Overview

Mission

The Lane Thomas Foundation was established to give honor and light to Lane's life. The Foundation is dedicated to supporting families of children needing life-saving transplants.

The lane thomas foundation provides financial and emotional support to families with children in need of life-saving transplants. The foundation also focuses on raising awareness about the critical need for pediatric organ donation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,027,540$3,065,139▲ $1,037,599
Savings and Temporary Cash Investments$834,516$780,930▼ $53,586
Cash and Non-Interest-Bearing Accounts$659,531$625,323▼ $34,208
Land, Buildings, and Equipment, Net$587,459$460,017▼ $127,442
Pledges and Grants Receivable$137,180$33,863▼ $103,317
Prepaid Expenses and Deferred Charges$2,164$3,097▲ $933
Total Assets$4,248,390$4,968,369▲ $719,979
Liabilities
Accounts Payable and Accrued Expenses$33,006$42,394▲ $9,388
Total Liabilities$33,006$42,394▲ $9,388
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,177,724$4,917,865▲ $740,141
Net Assets With Donor Restrictions$37,660$8,110▼ $29,550
Total Net Assets Fund Balance$4,215,384$4,925,975▲ $710,591
Total Liabilities and Net Assets / Fund Balance$4,248,390$4,968,369▲ $719,979

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$460,017$179,953-
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Matthew GravesChairperson
Dr David MercerMember
Dr Jeffrey GoldMember
Dr Joann SchaeferMember
Dr Kim DuncanMember
Greg OswaldMember
Julie PhillipsMember
Patrick GottschMember
Stephanie MattoonSecretary
Mark ConradTreasurer
Diane CompardoTreasurer (through 1/19)
Melissa GravesVice Charperson
Revenue and Support

Revenue Composition

Contributions and Grants
$589,394
Program Service Revenue
$0
Investment Income
$113,132
Other Revenue
$34,062
All Other Contributions
$202,070
Change in Net Assets
$339,711

Audited Revenue Reconciliation

Revenue per Audited Statements
$736,588
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$638,874
Total Revenue per Audited Statements
$1,375,462
Total Revenue per Form 990
$736,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,774
Grants and Similar Amounts Paid$112,275
Salaries, Compensation, and Employee Benefits$93,828
Total Fundraising Expense$39,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,748$12,744$22,950$127,442
Grants to Domestic Individuals$112,275--$112,275
Other Salaries and Wages$50,437$32,460$4,263$87,160
Fees for Services Other$18,125$12,386$156$30,667
Office Expenses$411$2,063$12,202$14,676
Fees for Services Accounting-$14,400-$14,400
Payroll Taxes$5,145$1,523-$6,668
Insurance-$2,374-$2,374
Information Technology-$1,117-$1,117
Fees for Services Legal-$98-$98
Total Functional Expenses$278,141$79,165$39,571$396,877

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$664,871
Expenses per Audited Statements$396,877
Total Expenses per Form 990$396,877
Expenses Not Reported on Form 990$267,994
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$145,746
Fundraising Direct Expenses$111,684
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner & Auction$533,070$145,746$72,792$72,954
Total Events$533,070$145,746$111,684$34,062
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Matthew graves and melissa graves - family relationship.”

Form 990, Part VI, Section B, Line 11B

“Upon completion and before filing form 990 with the irs, the foundation will provide an electronic copy of the final form 990 to the board of directors. Any questions that arise as a result of their review will be discussed with the tax preparer. The form 990 will not be considered complete until all review questions are resolved.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal officer and member of a committee with governing board delegated powers shall sign a conflict of interest statement. All conflicts of interest are reviewed by the governing board and all committees with board delegated powers. The organization also conducts periodic reviews to ensure compliance.”

Form 990, Part VI, Section B, Line 15

“The foundation has procedures for determining compensation of officers. However, these procedures were not used during this fiscal year because no officers were compensated.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VIII, Line 8B

“The lane thomas foundation held one fundraising event during 2019. The event's direct expenses were underwritten by a donor prior to the event.”

Filing and Contact Details

Filer

Filer Name
Lane Thomas Foundation
EIN
81-4544601
Phone
4022005830
Address
PO BOX 540365, OMAHA, NE 68154

Signing Officer

Name
Matthew Graves
Title
Chairperson
Phone
4022005830
Signed
2020-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Graves
Formed
2016
Legal Domicile
Ne
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
12

Preparer

Firm
Seim Johnson Llp
Address
18081 BURT STREET SUITE 200, OMAHA, NE 68022-4722
Preparer
Wendy R Cooley
Phone
4023302660
Supplemental Narrative

Additional Explanations

FORM 990. PART XII, LINE 2C:

“The treasurer and ceo oversee the selection process for the independent accountant and the treasurer and finance committee oversee the audit of the foundation's financial statements. This process did not change from the prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reclassification of event expenditures (see sch o). 31,318.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclassification of event expenditures (see sch o). 31,318.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE LANE THOMAS FOUNDATION PROVIDES FINANCIAL AND EMOTIONAL SUPPORT TO FAMILIES WITH CHILDREN IN NEED OF LIFE-SAVING TRANSPLANTS. THE FOUNDATION ALSO FOCUSES ON RAISING AWARENESS ABOUT THE CRITICAL NEED FOR PEDIATRIC ORGAN DONATION.
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IRS990/Desc0THE LANE THOMAS FOUNDATION PROVIDED $112,275 IN NON-MEDICAL FINANCIAL ASSISTANCE TO SUPPORT 30 FAMILIES OF CHILDREN UNDERGOING SOLID ORGAN OR BONE MARROW TRANSPLANTS, ALLOWING THE PARENTS TO FOCUS ON THEIR CHILD WHILE KEEPING THE FAMILY TOGETHER. FAMILIES OFTEN MUST TRAVEL FROM OUT OF STATE TO OBTAIN LIFE-SAVING MEDICAL SERVICES. THEY INCUR TRAVEL EXPENSES AND DUPLICATE LIVING EXPENSES WHILE THEY ARE AWAY FROM THEIR HOME AND OFTEN MUST LEAVE THEIR JOB DUE TO EXTENDED PERIODS OF TIME THEY MUST SPEND IN OMAHA. THE LANE THOMAS FOUNDATION ASSISTS THE FAMILIES WITH EXPENSES EITHER AT HOME (MORTGAGE/RENT, AUTO PAYMENT, UTILITIES) IF A PARENT MUST LEAVE THEIR JOB, AND ANY INCREMENTAL EXPENSES INCURRED TRAVELING TO OMAHA OR DURING THEIR STAY (GAS, AIRFARE, LODGING, FOOD, AND OTHER BASIC LIVING EXPENSES).
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IRS990/MissionDesc0THE LANE THOMAS FOUNDATION WAS ESTABLISHED TO GIVE HONOR AND LIGHT TO LANE'S LIFE. THE FOUNDATION IS DEDICATED TO SUPPORTING FAMILIES OF CHILDREN NEEDING LIFE-SAVING TRANSPLANTS.
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IRS990/NetAssetsOrFundBalancesEOYAmt04925975
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt034062
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt034062
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0370880
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04177724
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04917865
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt012202
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02063
IRS990/OfficeExpensesGrp/ProgramServicesAmt0411
IRS990/OfficeExpensesGrp/TotalAmt014676
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04263
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032460
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt050437
IRS990/OtherSalariesAndWagesGrp/TotalAmt087160
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01523
IRS990/PayrollTaxesGrp/ProgramServicesAmt05145
IRS990/PayrollTaxesGrp/TotalAmt06668
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0137180
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033863
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02164
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03097
IRS990/PrincipalOfficerNm0MATTHEW GRAVES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE LANE THOMAS FOUNDATION WORKED TO IMPROVE PUBLIC AWARENESS AND UNDERSTANDING FOR INCREASED PEDIATRIC ORGAN DONATION TO ULTIMATELY SAVE CHILDREN'S LIVES. THE FOUNDATION PROVIDED INFORMATION AND EDUCATION AT DONOR EVENTS AND PROVIDES INFORMATION REGARDING THE NEED FOR PEDIATRIC ORGAN DONATIONS ON ITS WEBSITE AND SOCIAL PAGES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0109248
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0614981
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0122461
IRS990/PYInvestmentIncomeAmt083277
IRS990/PYOtherExpensesAmt089121
IRS990/PYOtherRevenueAmt0-1473
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0389520
IRS990/PYSalariesCompEmpBnftPaidAmt095683
IRS990/PYTotalExpensesAmt0307265
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0696785
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0339711
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0834516
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0780930
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0589394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0614981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03590856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04795231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0113132
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt083277
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt030868
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0227277
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04623314
IRS990ScheduleA/SubstantialContributorsTotAmt0171917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0589394
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0614981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03590856
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04795231
IRS990ScheduleA/TotalSupportAmt05022508
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0236676
IRS990ScheduleD/DonatedServicesUseFcltsAmt0236676
IRS990ScheduleD/ExpensesNotReportedAmt0267994
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0396877
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0370880
IRS990ScheduleD/OtherExpensesIncludedAmt031318
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0460017
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0179953
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0639970
IRS990ScheduleD/OtherRevenueAmt031318
IRS990ScheduleD/RevenueNotReportedAmt0638874
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0736588
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RECLASSIFICATION OF EVENT EXPENDITURES (SEE SCH O). 31,318.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASSIFICATION OF EVENT EXPENDITURES (SEE SCH O). 31,318.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0460017
IRS990ScheduleD/TotalExpensesPerForm990Amt0396877
IRS990ScheduleD/TotalRevenuePerForm990Amt0736588
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01375462
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0664871
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0387324
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0387324
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0111684
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER & AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt038492
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt038492
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0533070
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0533070
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0145746
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0145746
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034062
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt072792
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt072792
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0112275
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FAMILY SUPPORT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS A DEDICATED EMPLOYEE, THE DIRECTOR OF FAMILY SUPPORT, TO MANAGE GRANTS AND WORK WITH EACH FAMILY ON THEIR NEEDS. THE GRANTS ARE NOT GIVEN DIRECTLY TO THE FAMILIES, BUT INSTEAD THE FOUNDATION PAYS ESSENTIAL NON-MEDICAL LIVING AND TRAVEL EXPENSES FOR THE FAMILIES DIRECTLY VIA BILL PAY WHERE POSSIBLE. THE GOAL OF FAMILY SUPPORT IS TO RELIEVE FINANCIAL BURDENS FROM THE FAMILY AND TO KEEP THE FAMILIES TOGETHER, SO THEY CAN FOCUS ON THEIR CHILD. FINANCIAL SUPPORT PROVIDED BY THE FOUNDATION WORKS TO REMOVE ANY INCREMENTAL NON-MEDICAL EXPENSES THE FAMILY INCURS FROM BEING IN OMAHA FOR THEIR CHILD'S MEDICAL TREATMENT, AS WELL AS MAKING UP FOR ANY LOST INCOME FOR EXPENSES BACK HOME IF A PARENT NEEDS TO LEAVE THEIR JOB TO BE WITH THEIR CHILD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MATTHEW GRAVES AND MELISSA GRAVES - FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION AND BEFORE FILING FORM 990 WITH THE IRS, THE FOUNDATION WILL PROVIDE AN ELECTRONIC COPY OF THE FINAL FORM 990 TO THE BOARD OF DIRECTORS. ANY QUESTIONS THAT ARISE AS A RESULT OF THEIR REVIEW WILL BE DISCUSSED WITH THE TAX PREPARER. THE FORM 990 WILL NOT BE CONSIDERED COMPLETE UNTIL ALL REVIEW QUESTIONS ARE RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL SIGN A CONFLICT OF INTEREST STATEMENT. ALL CONFLICTS OF INTEREST ARE REVIEWED BY THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS. THE ORGANIZATION ALSO CONDUCTS PERIODIC REVIEWS TO ENSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HAS PROCEDURES FOR DETERMINING COMPENSATION OF OFFICERS. HOWEVER, THESE PROCEDURES WERE NOT USED DURING THIS FISCAL YEAR BECAUSE NO OFFICERS WERE COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LANE THOMAS FOUNDATION HELD ONE FUNDRAISING EVENT DURING 2019. THE EVENT'S DIRECT EXPENSES WERE UNDERWRITTEN BY A DONOR PRIOR TO THE EVENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TREASURER AND CEO OVERSEE THE SELECTION PROCESS FOR THE INDEPENDENT ACCOUNTANT AND THE TREASURER AND FINANCE COMMITTEE OVERSEE THE AUDIT OF THE FOUNDATION'S FINANCIAL STATEMENTS. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VIII, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990. PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04248390
IRS990/TotalAssetsEOYAmt04968369
IRS990/TotalAssetsGrp/BOYAmt04248390
IRS990/TotalAssetsGrp/EOYAmt04968369
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0589394
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039571
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079165
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0278141
IRS990/TotalFunctionalExpensesGrp/TotalAmt0396877
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033006
IRS990/TotalLiabilitiesEOYAmt042394

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,968,369
Liabilities
$42,394
Net assets
$4,925,975
Revenue
$736,588
Expenses
$396,877
Net income
$339,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.67$0.01$6.66$0.41$0.15$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.01$5.96$0.38$0.20$0.17
2022Detailed filing. Detailed filing data is available for this year.$5.18$0.01$5.18$0.29$0.28$0.02
2021Detailed filing. Detailed filing data is available for this year.$6.12$0.01$6.10$0.76$0.38$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.00$5.24$0.23$0.34$0.11
2019Detailed filing. Detailed filing data is available for this year.$4.97$0.04$4.93$0.74$0.40$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$0.03$4.22$0.70$0.31$0.39
2017Detailed filing. Detailed filing data is available for this year.$3.72$0.10$3.62$3.54$0.12$3.43