Lakala Family Foundation
- Assets
- $742.8k
- Revenue
- $210.7k
- Investments
- $538.5k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 27-0457293
Organization Overview
Lakala Family Foundation is located in Sacramento, CA. The organization was established in 2009. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakala Family Foundation 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 12/2022, Lakala Family Foundation generated $210.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $186.8k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lakala Family Foundation has awarded 31 individual grants totaling $961,100. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
DEBOLT GARDENS FOUNDATION.
FIREFIGHTERS BURN INSTITUTE
KOLOA COMMUNITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Torres President | 1 | $0 | |
Ron Manuel Vice President | 0.5 | $0 | |
Meri-Jo Abrams Manuel Board Member | 0.25 | $0 | |
Carol Torres Secretary | 1 | $0 | |
Richard M Scruggs Treasurer | 1 | $0 | |
Louis Charles Abrams Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $179,547 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,185 |
| Total Revenue | $210,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $979 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,322 |
| Total operating and administrative expenses | $7,097 |
| Contributions, gifts, grants paid | $179,750 |
| Total expenses and disbursements | $186,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,073 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $30,171 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $66,526 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $538,533 |
| Net Land, buildings, and equipment | $524 |
| Other assets | $0 |
| Total assets | $742,827 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Lakala Family Foundation has awarded $179,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DEBOLT GARDENS FOUNDATION PURPOSE: TO FUND DEBOLT GARDENS FOUNDATION. | $175,000 |
SECOND HARVEST FOOD BANK PURPOSE: TO ASSIST SEOND HARVEST FOOD BANK | $250 |
KOLOA COMMUNITY ASSOCIATION PURPOSE: TO FUND COMMUNITY ASSOCIATION | $2,500 |
HAWAII FOOD BANK PURPOSE: TO PROVIDE HELP TO HAWAII FOOD BANK | $500 |
MAUI FOOD BANK PURPOSE: TO PROVIDE HELP TO MAUI FOOD BANK | $500 |
RIVER CITY FOOD BANK PURPOSE: TO ASSIST RIVER CITY FOOD BANK | $750 |