Lorenes Place II

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The corporation is organized exclusively for charitable, leterary or educational purposes, withing the meaning of section 501 (c)(3) of the Internal Revenue Code of 1986, as amended The Code, including, without limitation: child placement, adoption, basic needs, mentorship.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4083492) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $10K a year · 0.8% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
3.6 mo
of spending, in cash
3.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$226K
70% of total assets
Liabilities are 70% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$697K
-48% vs prior year
Spent
$686K
To programs
100%
Net assets
$95K
By yearFY2020–FY2024
Revenue
$697K
FY2024▼ -48%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.3M
FY2024$697K
Expenses
$686K
FY2024▼ -49%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.3M
FY2024$686K
Net assets
$95K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$132K
FY2021$74K
FY2022$78K
FY2023$84K
FY2024$95K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $686K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
See Lorenes Place II executive salaries →

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

Places children for adoption, provides basic needs, and offers mentorship.

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1 program · $686K · in their own filed words · FY2024
01

Child placement. adoption, basic needs (food, clothing,shelter) mentorship, independence living skills, trainning counseling and behaviral health.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4083492) · Dispute this line
$686Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$697K
Ln 12
Fees for servicesLn 2g$697K
Money outPt IX
$686K
Ln 25
Programscol B$686K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$320K
LiabilitiesLn 26$226K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$697K
Total revenueLn 12$697K
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$96K
Cash and savings togetherLn 1–2$208K
Accounts receivableLn 4$105K
Notes and loans receivableLn 7$4K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$320K
LiabilitiesLn 26$226K
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 514
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$201K$208K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$322K$320K
LiabilitiesLn 26$238K$226K
Net assetsLn 32$84K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$33K$33K
Other salaries and wagesLn 7$154K$154K
Payroll taxesLn 10$20K$20K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$6K$6K
OccupancyLn 16$98K$98K
TravelLn 17$16K$16K
Conferences, conventions and meetingsLn 19$937$937
InterestLn 20$112$112
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$286K$286K
All other expensesLn 24e$28K$28K
Total functional expensesLn 25$686K$686K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jun 21, 2025 $697K$686K$10K$95K 990 PDF
FY2023Filed with the IRS Oct 3, 2024 $1.3M$1.3M$6K$84K 990 PDF
FY2022Filed with the IRS May 29, 2023 $1.4M$1.4M$4K$78K 990 PDF
FY2021Filed with the IRS Nov 16, 2022 $1.3M$1.3M−$58K$74K 990 PDF
FY2020Filed with the IRS Sep 14, 2021 $1.3M$1.3M−$10K$132K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $696,775 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,340,543$696,775
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,340,543$696,775
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $345,374$207,409
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $989,187$479,084
I-18 Total expensesPrior year $1,334,561$686,493
I-19 Revenue less expensesPrior year $5,982$10,282
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $696,775 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $696,775$696,775
VIII-12 Total revenueRelated to mission $696,775 · Unrelated business $0 · Excluded from tax $0$696,775
Part IX · Statement of functional expenses $686,493 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $32,844$32,844
IX-7 Other salaries and wagesPrograms $154,348$154,348
IX-10 Payroll taxesPrograms $20,217$20,217
IX-11c Accounting feesPrograms $13,225$13,225
IX-13 Office expensesPrograms $6,267$6,267
IX-16 OccupancyPrograms $98,305$98,305
IX-17 TravelPrograms $16,087$16,087
IX-19 Conferences, conventions and meetingsPrograms $937$937
IX-20 InterestPrograms $112$112
IX-23 InsurancePrograms $29,809$29,809
IX-24 Other expenses (24a–d)Programs $286,393$286,393
IX-24e All other expensesPrograms $27,949$27,949
IX-25 Total functional expensesPrograms $686,493 · Management $0 · Fundraising $0$686,493
Part X · Balance sheet $320,348 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $102,219$111,887
X-2 Savings and temporary cash investmentsStart of year $99,000$96,000
X-4 Accounts receivableStart of year $113,326$104,720
X-7 Notes and loans receivableStart of year $3,678$3,678
X-10c Land, buildings and equipment, netStart of year $4,063$4,063
X-16 Total assetsStart of year $322,286$320,348
X-24 Unsecured notes and loans payableStart of year $233,672$221,452
X-25 Other liabilitiesStart of year $4,318$4,318
X-26 Total liabilitiesStart of year $237,990$225,770
X-31 Retained earnings or endowmentStart of year $84,296$94,578
X-32 Total net assets or fund balancesStart of year $84,296$94,578
X-33 Total liabilities and net assetsStart of year $322,286$320,348
Part XI · Reconciliation of net assets $94,578 net assets at year end
XI-1 Total revenue$696,775
XI-2 Total expenses$686,493
XI-3 Revenue less expenses$10,282
XI-4 Net assets at start of year$84,296
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$94,578

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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