LANCASTER ENDOWMENT FUND SCHOOL ASSOCIAT

EIN: 320744204 501(c)(3) Education

LANCASTER, MN

Total Revenue
$52,633
Total Expenses
$5,615
Total Assets
$294,537
Net Assets
$294,537
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MN
Principal Officer
SARAH SCHMALZ
Phone
2187625400
Tax Period
2025-01-01 to 2025-12-31

LANCASTER ENDOWMENT FUND SCHOOL ASSOCIAT, founded in 2023, is a micro nonprofit in the Education sector that reported $53K in total revenue in fiscal year 2025. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 89% operating margin.

Mission

TO PROVIDE AN ONGOING SOURCE OF ADDITIONAL NON-TAXPAYER DISCRETIONARY FUNDS TO LANCASTER SCHOOL (MINNESOTA INDEPENDENT DISTRICT #356) VIA AN ENDOWMENT WHICH IS INTENDED TO BE PERPETUAL IN NATURE.

Program Service Accomplishments

Program 1
Expenses: $5,615 Revenue: $27,795

LEFSA RAISED $27,795 IN FUNDS TO CONTINUE OUR ENDOWMENT WHICH WILL PROVIDE THE INCOME THAT WILL ALLOW US TO CARRY OUT THE MISSION TO SUPPORT ANY DISCRETIONARY SPENDING OF LANCASTER SCHOOL DISTRICT...

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LEFSA RAISED $27,795 IN FUNDS TO CONTINUE OUR ENDOWMENT WHICH WILL PROVIDE THE INCOME THAT WILL ALLOW US TO CARRY OUT THE MISSION TO SUPPORT ANY DISCRETIONARY SPENDING OF LANCASTER SCHOOL DISTRICT. LEFSA HAD $5,000 IN GRANT DISTRIBUTIONS AND $615 IN ADVERTISING, PROMOTION, AND OTHER FEE EXPENSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $26,780
Program Service Revenue $0
Investment Income $24,838
Other Revenue $1,015
TOTAL REVENUE $52,633

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,615
Other Expenses $615
TOTAL EXPENSES $5,615

Year-over-Year Comparison

2025 2024 Change
Revenue $52,633 $208,471 -0.7%
Expenses $5,615 $2,659 +1.1%
Net Income $47,018 $205,812 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSE STREGE DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN PETERSON DIRECTOR 1.00
Director
$0 $0 $0
JULIE PETERSON DIRECTOR 1.00
Director
$0 $0 $0
LACEY LUPIEN DIRECTOR 1.00
Director
$0 $0 $0
SHANNON BOWLIN DIRECTOR 1.00
Director
$0 $0 $0
NICOLE THOMPSON PRESIDENT 1.00
Officer
$0 $0 $0
CLIFFORD PETERSON VICE PRESIDENT 1.00
Officer
$0 $0 $0
MELINDA COFFIELD SECRETARY 2.00
Officer
$0 $0 $0
SARAH SCHMALZ TREASURER 3.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $52,633 $5,615 $294,537 $47,018
2024 $208,471 $2,659 $224,498 $205,812
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