LANSING OLD NEWSBOYS ASSOCIATION

EIN: 381738520 501(c)(3) Community Improvement

LANSING, MI

Total Revenue
$236,475
Total Expenses
$241,473
Total Assets
$342,406
Net Assets
$342,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MI
Principal Officer
SEAN DOUGLAS
Tax Period
2023-09-01 to 2024-08-31

LANSING OLD NEWSBOYS ASSOCIATION, founded in 1965, is a small nonprofit in the Community Improvement sector that reported $236K in total revenue in fiscal year 2023.

Mission

TO PROVIDE FOOTWEAR TO NEEDY

Program Service Accomplishments

Program 1
Expenses: $186,787

PURCHASE OF FOOTWEAR LIKE SHOES, BOOTS AND SOCKS FOR DISADVANTAGED SCHOOL AGE CHILDREN.

Program 2
Expenses: $10,000

CLERICAL & PROCESSING FEES TO COMPLETE REQUESTS, VOUCHERING, PURCHASE AND PAYMENT FOR FOOTWEAR.

Program 3
Expenses: $8,162

PRINTING AND PROCESSING VOUCHERS TO AUTHORIZED FOOTWEAR PURCHASES AND SOLICITATIONS TO SCHOOLS FOR THEIR HELP IN ESTABLISHING NEEDY CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $229,028
Program Service Revenue $0
Investment Income $7,447
Other Revenue $0
TOTAL REVENUE $236,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,000
Fundraising Expenses $13,621
Program Expenses $204,949
Other Expenses $231,473
TOTAL EXPENSES $241,473

Year-over-Year Comparison

2023 2022 Change
Revenue $236,475 $224,854 +0.1%
Expenses $241,473 $371,150 -0.3%
Net Income $-4,998 $-146,296 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
55
Independent Members
54
Employees
N/A
Volunteers
150

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
8
$10,000
Total Directors
13
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN DOUGLAS TREASURER 10.00
Officer Director
$10,000 $0 $10,000
LARRY PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
JARROD LYNCH BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE YANKOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL HANSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOE BELLGOWAN BOARD MEMBER 1.00
Director
$0 $0 $0
MATT PIERSON SECRETARY 1.00
Officer Director
$0 $0 $0
JILL BOWEN 2ND VP 1.00
Officer Director
$0 $0 $0
ELIZABETH HERNANDEZ 1ST VP 1.00
Officer Director
$0 $0 $0
BILL REED PRESIDENT 1.00
Officer Director
$0 $0 $0
TOM RATHBUN ASST TREASURER 1.00
Officer Director
$0 $0 $0
DAN PERRONE MEMBERSHIP DRECTOR 1.00
Officer Director
$0 $0 $0
ROSS MARTIN MEDIA DIRECTOR 1.00
Officer Director
$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 No data No data No data No data
2024 $236,475 $241,473 $342,406 $-4,998
2023 $224,854 $371,150 $308,982 $-146,296
2022 $213,540 $168,633 $443,164 $44,907
2021 $234,835 $147,811 $444,711 $87,024
2020 $205,155 $220,197 $313,976 $-15,042
2019 $209,681 $232,711 $315,134 $-23,030
2018 $227,431 $198,148 $342,559 $29,283
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