Civic Intelligence

Lane Thomas Foundation

990 • Fiscal year 2023 • EIN 81-4544601

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 16, 2024

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

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

28%

Faster revenue growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$5,964,071

Up $779,499 (+15%) from 2022

Net Assets

Up

$5,958,945

Up $780,735 (+15%) from 2022

Liabilities

Down

$5,126

Down $1,236 (-19%) from 2022

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin89th percentile

Revenue

Up

$377,170

Up $82,631 (+28%) from 2022

Expenses

Down

$203,887

Down $73,123 (-26%) from 2022

Net Income

Up

$173,283

Up $155,754 (+889%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2023

Assets$5,964,071
Liabilities$5,126
Net Assets$5,958,945
Open 2023 Filing

Operations Trend

Revenue Growth76th 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

2023

Revenue$377,170
Expenses$203,887
Net Income$173,283
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 16, 2024
Return Version
2023v5.0
Gross Receipts
$377,170
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 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$4,616,926$5,766,157▲ $1,149,231
Savings and Temporary Cash Investments$455,065$128,198▼ $326,867
Pledges and Grants Receivable-$58,400-
Land, Buildings, and Equipment, Net$101,678$8,211▼ $93,467
Prepaid Expenses and Deferred Charges$10,903$3,105▼ $7,798
Total Assets$5,184,572$5,964,071▲ $779,499
Liabilities
Accounts Payable and Accrued Expenses$6,362$5,126▼ $1,236
Total Liabilities$6,362$5,126▼ $1,236
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,178,210$5,958,945▲ $780,735
Total Net Assets Fund Balance$5,178,210$5,958,945▲ $780,735
Total Liabilities and Net Assets / Fund Balance$5,184,572$5,964,071▲ $779,499

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,211$458,589$466,800
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Matthew GravesChairman
Melissa GravesVice Chairman
Dr Jeffrey GoldBoard Member
Dr Joann SchaeferBoard Member
Greg OswaldBoard Member
Julie PhillipsBoard Member
Patrick GottschBoard Member
Mark ConradTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,387
Program Service Revenue
$0
Investment Income
$166,783
Other Revenue
$0
All Other Contributions
$210,387
Change in Net Assets
$173,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,825
Grants and Similar Amounts Paid$72,161
Total Fundraising Expense$16,621
Salaries, Compensation, and Employee Benefits$6,901
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$74,774$9,347$9,347$93,468
Grants to Domestic Individuals$72,161--$72,161
Advertising$7,479$1,081$1,081$9,641
Other Salaries and Wages$1,023$5,103$285$6,411
Fees for Services Other-$4,777$1,251$6,028
Fees for Services Accounting-$3,100-$3,100
Fees for Services Legal-$3,036-$3,036
Information Technology-$2,432$436$2,868
Insurance-$2,137-$2,137
Payroll Taxes-$490-$490
Office Expenses$33$238$113$384
Other Expenses-$55$4,108$55
Total Functional Expenses$155,470$31,796$16,621$203,887
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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 have a family relationship.”

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the governing body.”

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. If it is determinted that a conflict of interest exists, the interested person may make a presentation of the transaction or arrangement, but recuses himself/herself during the discussion and vote on the transaction or arrangement. Alternative transactions or arrangements will be investigated by disinterested parties on the governing board or committee. If a more advantageous arrangement cannot be found, the disinterested remaining directors will vote on whether to enter into the transaction.”

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.”

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
Chairman
Phone
4022005830
Signed
2024-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Graves
Formed
2016
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
10

Preparer

Firm
Eide Bailly LLP
Address
18081 Burt St Ste 200, Omaha, NE 68022-4722
Preparer
Wendy R Cooley CPA
Phone
4023302660
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IRS990/Desc0The Lane Thomas Foundation works 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. The Foundation also launched a national public service announcement video as part of their Keep Love Alive campaign.
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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/ProgSrvcAccomActy2Grp/Desc0The Lane Thomas Foundation provided $72,161 in non-medical financial assistance to support 22 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 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 at home (mortgage/rent, auto payment, auto insurance, cell phone, utilities) while the child is in the hospital during their transplant journey.
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IRS990ScheduleA/PublicSupportPY170Pct00.71090
IRS990ScheduleA/PublicSupportTotal170Amt01605236
IRS990ScheduleA/SubstantialContributorsTotAmt0109103
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0210387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0178760
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0606694
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0129104
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0589394
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01714339
IRS990ScheduleA/TotalSupportAmt02382237
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/OtherLandBuildingsGrp/BookValueAmt08211
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0458589
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0466800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08211
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt072161
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Family Support
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation manages grants and works with each family on their specific needs. The grants are not given directly to the families, but instead the Foundation pays essential non-medical living expenses for the families directly via bill pay. The goal of family support is to relieve financial burdens from the family, so they can focus on their child. Financial support provided by the Foundation focuses on back home expenses like mortgage/rent, utilites, auto-insurance, auto-payment and cellphone because often times the parent or parents need 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 have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon 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/ExplanationTxt3Each 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. If it is determinted that a conflict of interest exists, the interested person may make a presentation of the transaction or arrangement, but recuses himself/herself during the discussion and vote on the transaction or arrangement. Alternative transactions or arrangements will be investigated by disinterested parties on the governing board or committee. If a more advantageous arrangement cannot be found, the disinterested remaining directors will vote on whether to enter into the transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 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/ExplanationTxt5The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05184572
IRS990/TotalAssetsEOYAmt05964071
IRS990/TotalAssetsGrp/BOYAmt05184572
IRS990/TotalAssetsGrp/EOYAmt05964071
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0210387
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016621
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031796
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0155470
IRS990/TotalFunctionalExpensesGrp/TotalAmt0203887
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06362
IRS990/TotalLiabilitiesEOYAmt05126
IRS990/TotalLiabilitiesGrp/BOYAmt06362
IRS990/TotalLiabilitiesGrp/EOYAmt05126
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05178210
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05958945
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0155470
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0166783
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0377170
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05184572
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05964071
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 540365
IRS990/USAddress/CityNm0Omaha
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068154
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.lanethomas.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Matthew Graves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum04022005830
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lane Thomas Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LANE
ReturnHeader/Filer/EIN0814544601
ReturnHeader/Filer/PhoneNum04022005830
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 540365
ReturnHeader/Filer/USAddress/CityNm0Omaha
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068154
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eide Bailly LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018081 Burt St Ste 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Omaha
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680224722
ReturnHeader/PreparerPersonGrp/PhoneNum04023302660
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Wendy R Cooley CPA
ReturnHeader/ReturnTs02024-04-18T07:38:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Matthew
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Graves
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,964,071
Liabilities
$5,126
Net assets
$5,958,945
Revenue
$377,170
Expenses
$203,887
Net income
$173,283
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
2023Detailed filing. Detailed filing data is available for this year.$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