Limbo Up Foundation Inc
- Assets
- $4.0m
- Revenue
- $152.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CO
- Founding
- 09/2011
- Data as of
- 11/2023
- EIN
- 27-1508704
Organization Overview
Limbo Up Foundation Inc is located in Glendale, CO. The organization was established in 2011. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Limbo Up Foundation Inc 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 11/2023, Limbo Up Foundation Inc generated $152.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $202.8k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE CHARITABLE ACTIVITY IS THE DEVELOPMENT OF A BERMUDA RAILWAY CORRIDOR TO PROMOTE RUNNING, WALKING, CYCLING ALONG AN OLD BERMUDA RAILWAY TRAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Michael Murphy Pres/dir | 20 | $0 | |
Laura Murphy Secy/dir | 25 | $29,500 | |
Tucker Murphy Secy/dir | 10 | $9,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,726 |
| Capital Gain Net Income | $22,726 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $152,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142,557 |
| Total operating and administrative expenses | $202,829 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $202,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,364 |
| Savings and temporary cash investments | $594,001 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,402,873 |
| Total assets | $4,009,238 |
| 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 |