Lori Fund Inc
- Assets
- $70.9k
- Revenue
- $298.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Coast, FL
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-1730642
Organization Overview
Lori Fund Inc is located in Palm Coast, FL. The organization was established in 2019. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lori Fund 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 12/2023, Lori Fund Inc generated $298.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $400.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Lori Fund Inc has awarded 13 individual grants totaling $725,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE FAMILIES OF US SPECIAL FORCES SOLDIERS WHO ARE WOUNDED OR KILLED IN THE LINE OF DUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LORI FUND RAISES MONEY TO SUPPORT THE EFFORTS OF OTHER ORGANIZATIONS WHOSE MISSION IS PARALLEL TO THAT OF THE LORI FUND. SPECIFICALLY THE LORI FUND DONATES ALL PROCEEDS FROM FUNDRAISING TO OTHER 501C3 ORGANIZATIONS WITH APPLICABLE MISSIONS SOLID REPUTATIONS AND PROCEDURES AND MISSION APPROPRIATE EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Petruno Executive Director President | OfficerTrustee | 15 | $0 |
Douglas B Constable Vice President | OfficerTrustee | 10 | $0 |
Scott Miller Treasurer | OfficerTrustee | 5 | $0 |
Anthony Tremblay Secretary | OfficerTrustee | 5 | $0 |
Susan Tremblay Board Member | Trustee | 5 | $0 |
Mike Borso Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,603 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $284,884 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $400,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,199 |
| Savings and temporary cash investments | $9,729 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,928 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $70,928 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,928 |
Grants Awarded
Over the last fiscal year, Lori Fund Inc has awarded $395,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OPERATIONS WARRIOR FOUNDATION PURPOSE: To provide support for families of soldiers killed in action | $200,000 |
TRAVIS MILLS FOUNDATION PURPOSE: To provide support for wounded soldiers and their families | $100,000 |
BRAVE AID PURPOSE: To provide support for families of wounded or killed special forces soldiers | $15,000 |
OPERATION AUTISM PURPOSE: To provide support for autism afflicted family members of soldiers | $10,000 |
GRATITUDE AMERICA PURPOSE: To provide support for wounded or afflicted soldiers | $15,000 |
JARED ALLEN S HOMES FOR WOUNDED WARRIORS PURPOSE: To provide housing for wounded soldiers and their families | $50,000 |