Lokaa Foundation FY2021 filing

Tax-deductible

Studio City, CA501(c)(3)Since 2008ReligionEIN 26-3427369Revenue $554K in FY2021

On file with the IRSlokaafoundation.org3940 Laurel Canyon Blvd 946, 91604-3709 · Studio City, CATax-exempt since May 2009Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $24K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$554K
+136% vs prior year
Spent
$492K
To programs
96%
Net assets
$131K
By yearFY2020–FY2025
Revenue
$554K
FY2021▲ +136%
Tap a bar for its year
Revenue by fiscal year
FY2020$235K
FY2021$554K
FY2022$601K
FY2023$182K
FY2024$367K
FY2025$330K
Expenses
$492K
FY2021▲ +120%
Tap a bar for its year
Expenses by fiscal year
FY2020$224K
FY2021$492K
FY2022$407K
FY2023$433K
FY2024$416K
FY2025$152K
Net assets
$131K
FY2021▲ +88%
Tap a bar for its year
Net assets by fiscal year
FY2020$70K
FY2021$131K
FY2022$325K
FY2023$74K
FY2024$26K
FY2025$204K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $472K Management & general 4% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lokaa Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes personal growth and oneness through teachings, fostering global citizens concerned for all life.

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Provided by the organization

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2 programs · $472K · in their own filed words · FY2021
01

Bless India

Donate to help save lives. The bless india is a spiritual and social initiative by the lokaa foundation to save lives of marginalized people in india who are diagnosed as covid positive and do not have access to medical support. Lokaa foundation distributed tens of thousands of covid safety kits.

$447Kprogram expense
02

One humanity care has used the funds for 2 purposes. 1. Education. Over 4,500 students in 23 programs have been educated in schools, colleges and villages aimed at breaking emotional addictions of negative emotions such as anger, stress, fear and inferiority; increasing the intelligence quotient to be better capable of attention and…

$25Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$554K
Ln 12
Fees for servicesLn 2g$461K
Gifts and grantsLn 1h$93K
Money outPt IX
$492K
Ln 25
Programscol B$472K
Managementcol C$20K
Owns and owesPt X
$131K
net assets · Ln 32
Cash and savingsLn 1–2$131K
Total assetsLn 16$131K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$93K
Fees for servicesLn 2g$461K
Total revenueLn 12$554K
Assets in detailPt X, end of year
CashLn 1$131K
Cash and savings togetherLn 1–2$131K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$131K
LiabilitiesLn 26$0
Net assetsLn 32$131K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$73K$131K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$73K$131K
LiabilitiesLn 26$3K$0
Net assetsLn 32$70K$131K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$472K$472K
Office expensesLn 13$14K$14K
Other expenses (24a–d)Ln 24$50$50
Total functional expensesLn 25$492K$472K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $330K$152K$178K$204K 990 PDF
FY2024 $367K$416K−$48K$26K 990 PDF
FY2023 $182K$433K−$251K$74K 990 PDF
FY2022 $601K$407K$194K$325K 990 PDF
FY2021 Viewing $554K$492K$61K$131K 990 PDF
FY2020 $235K$224K$11K$70K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $553,727 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $235,042$92,858
I-9 Program service revenuePrior year $0$460,869
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $235,042$553,727
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $224,226$492,322
I-18 Total expensesPrior year $224,226$492,322
I-19 Revenue less expensesPrior year $10,816$61,405
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $553,727 across 4 lines filed
VIII-1f All other contributions, gifts and grants$92,858
VIII-1h Total contributions, gifts and grants$92,858
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $460,869$460,869
VIII-12 Total revenueRelated to mission $460,869 · Unrelated business $0 · Excluded from tax $0$553,727
Part IX · Statement of functional expenses $492,322 across 5 lines filed
IX-11b Legal feesManagement $1,568$1,568
IX-11c Accounting feesManagement $4,627$4,627
IX-11g Other fees for servicesPrograms $472,174$472,174
IX-13 Office expensesManagement $13,903$13,903
IX-24 Other expenses (24a–d)Management $50$50
IX-25 Total functional expensesPrograms $472,174 · Management $20,148 · Fundraising $0$492,322
Part X · Balance sheet $131,336 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $72,604$131,336
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $72,604$131,336
X-26 Total liabilitiesStart of year $2,673$0
X-32 Total net assets or fund balancesStart of year $69,931$131,336
X-33 Total liabilities and net assetsStart of year $72,604$131,336
Part XI · Reconciliation of net assets $131,336 net assets at year end
XI-1 Total revenue$553,727
XI-2 Total expenses$492,322
XI-3 Revenue less expenses$61,405
XI-4 Net assets at start of year$69,931
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$131,336

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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