LSB Foundation
Donations deductibleRevenue
$227k
year to 31 July 2025
Expenses
$245k
year to 31 July 2025
Total assets
$83k
year to 31 July 2025
Net assets
$83k
assets less liabilities
Directors and trustees
10
5.2 years on average
Chair observed
≥6 yrs
Sally Hollis
Left since last filing
0
no seats appear to have opened
Activity
T22
Philanthropy, voluntary services and grantmaking
LSB Foundation's network
10 people6 organisationsi10 people and 6 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (10). Violet dotted lines (6) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
10 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Sally Hollis Chair | Chairperson | 2019 | 7 yrs |
| David Deeds | Vice Chairperson | 2019 | 7 yrs |
| Dennis Presnall | Trustee | 2019 | 7 yrs |
| Gerald Beechum | Trustee | 2024 | 2 yrs |
| Kenneth Furst (also filed as Ken Furst) | Trustee | 2021 | 5 yrs |
| Michael Peterson | Company secretary | 2019 | 7 yrs |
| Sean Willett | Trustee | 2024 | 2 yrs |
| Shara Chang | Trustee | 2024 | 2 yrs |
| Spencer Cohn | Trustee | 2024 | 2 yrs |
| W Scott Bush | Trustee | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 July 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Sally Hollis | Chairperson | 0.5 | $0 | ||
| David Deeds | Vice Chairperson | 0.5 | $0 | ||
| Michael Peterson | Secretary | 0.5 | $0 | ||
| W Scott Bush | Trustee | 0.5 | $0 | ||
| Kenneth Furst | Trustee | 0.5 | $0 | ||
| Dennis Presnall | Trustee | 0.5 | $0 | ||
| Gerald Beechum | Trustee | 0.5 | $0 | ||
| Shara Chang | Trustee | 0.5 | $0 | ||
| Sean Willett | Trustee | 0.5 | $0 | ||
| Spencer Cohn | Trustee | 0.5 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- LSB Foundation
- EIN
- 201653464
- Address
- Po Box E, Reinbeck, IA, 50669-0159
- State
- Iowa
- Activity (NTEE)
- T22 Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 3 (IRS master file code)
- IRS ruling date
- 1 February 2005
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2025
- IRS Publication 78
- PF (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsSally Hollis
≥7years on the filingsDavid Deeds
≥7years on the filingsDennis Presnall
≥7years on the filingsMichael Peterson
Latest return
year to 31 July 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 July 2025. US dollars, as filed.- Total assets
- $83k
- Net assets or fund balances
- $83k
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2023 | $0 | $242k | Deficit $242k |
As filed on the IRS Form 990. US dollars.