Lazy Mf Trust
- Assets
- $2.7m
- Revenue
- $392.2k
- Investments
- $2.5m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 20-7008090
Organization Overview
Lazy Mf Trust is located in Irvine, CA. The organization was established in 2006. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lazy Mf Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lazy Mf Trust generated $392.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lazy Mf Trust has awarded 11 individual grants totaling $7,076,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITY OF THE FOUNDATION IS TO MAKE GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO PROMOTE THEIR CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffry Walker Executive Dir. | 40 | $176,205 | |
Leisa Cosentino Finance Direct | 40 | $57,572 | |
Edward Rossi Trustee | 5 | $0 | |
James Kearns Trustee | 5 | $0 | |
Dillon Kearns Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,755 |
| Capital Gain Net Income | $292,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $392,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,124 |
| Total operating and administrative expenses | $145,417 |
| Contributions, gifts, grants paid | $6,400,000 |
| Total expenses and disbursements | $6,545,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,782 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,483,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,742,949 |
| Accounts payable and accrued expenses | $468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $468 |
Grants Awarded
Over the last fiscal year, Lazy Mf Trust has awarded $6,400,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PRAIRIE RESERVE PURPOSE: TO SUPPORT AMERICAN PRAIRIE'S LAND ACQUISITION CAMPAIGN. | $6,000,000 |
VANGUARD CHARITABLE ENDOWMENT LION & ROSE FUND PURPOSE: TO FURTHER ENVIRONMENTAL AND EDUCATIONAL CAUSES. | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lazy Mf Trust has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: TO SUPPORT THE VISUAL ARTS AND MUSIC PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artnow Fondation San Francisco, CA | $0 | $214,158 |
Lazy Mf Trust Irvine, CA | $2,742,949 | $392,168 |
Thru Guidance Ministries Los Angeles, CA | $2,841,551 | $7,857,035 |
Inner-City Arts Los Angeles, CA | $18,610,203 | $5,566,146 |
House Of Blues Music Forward Foundation Beverly Hills, CA | $3,094,278 | $3,522,048 |
School Of Arts And Culture At Mhp San Jose, CA | $8,721,548 | $4,861,362 |
Wayne Thiebaud Foundation Sacramento, CA | $135,503,481 | $2,669,000 |
California Jazz Conservatory Inc Berkeley, CA | $7,248,479 | $2,565,384 |
Arts For Healing And Justice Network Long Beach, CA | $3,982,925 | $3,271,300 |
Youth Music Project West Linn, OR | $1,663,643 | $2,050,654 |
Djerassi Resident Artists Program Woodside, CA | $5,870,903 | $1,216,127 |
Ecole Claire Fontaine Venice, CA | $713,103 | $1,915,920 |