Lakala Family Foundation
- Assets
- $718.7k
- Revenue
- $25.0k
- Investments
- $502.8k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 10/2009
- Data as of
- 12/2020
- 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 12/2020, Lakala Family Foundation generated $25.0k 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 (24.9%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lakala Family Foundation has awarded 20 individual grants totaling $707,850. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEBOLT GARDENS FOUNDATION.
FIREFIGHTERS BURN INSTITUTE
KOLOA COMMUNITY
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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 Edmund Abrams Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,007 |
| 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 | $0 |
| Total Revenue | $25,007 |
| 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 | $1,017 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,475 |
| Total operating and administrative expenses | $13,741 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $45,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,724 |
| 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 | $502,799 |
| Net Land, buildings, and equipment | $484 |
| Other assets | $0 |
| Total assets | $718,704 |
| 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 $32,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Makawao, HI PURPOSE: TO FUND DEBOLT GARDENS FOUNDATION. | $26,000 |
KOLOA COMMUNITY ASSOCIATION PURPOSE: TO FUND COMMUNITY ASSOCIATION | $3,500 |
Sacramento, CA PURPOSE: TO ASSIST WITH BURN VICTIMS REHABILITATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |
Fairbrook Foundation Los Angeles, CA | $45,940,000 | $4,530,945 |
Opus Caritatis Inc Los Angeles, CA | $312,541,484 | $5,379,617 |
Coos Bay Rail Line Inc Coos Bay, OR | $1,080,981 | $4,330,336 |
Martin V And Martha K Smith Foundation Camarillo, CA | $13,107,884 | $1,460,523 |
Hollis Foundation Portland, OR | $88,968,365 | $14,360,180 |
Peter E Haas Jr Family Fund Novato, CA | $808,590,793 | $46,211,721 |