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Lorenes Place II FY2021 filing

Tax-deductible

Lakewood, WA501(c)(3)Human ServicesEIN 27-4083492Revenue $1.3M in FY2021

On file with the IRSlpiikids.org3819 100th St Sw Ste 8a, 98499-4477 · Lakewood, WATax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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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.

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

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $10K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$264K
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-1% vs prior year
Spent
$1.3M
To programs
100%
Net assets
$74K
By yearFY2020–FY2024
Revenue
$1.3M
FY2021▼ -1%
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
$1.3M
FY2021▲ +3%
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
$74K
FY2021▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$132K
FY2021$74K
FY2022$78K
FY2023$84K
FY2024$95K

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 (FY2024) →

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% · $1.3M

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
Patricia Islas
Vice-President
$0Pt VII · Sec A
Lisa Nelson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lorenes Place II 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

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

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2021
01

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

$1.3Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$74K
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$338K
LiabilitiesLn 26$264K
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$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$211K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$338K
LiabilitiesLn 26$264K
Net assetsLn 32$74K
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 FY21End FY21
Cash and savingsLn 1–2$230K$211K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$352K$338K
LiabilitiesLn 26$220K$264K
Net assetsLn 32$132K$74K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$26K$26K
Other salaries and wagesLn 7$210K$210K
Other employee benefitsLn 9$25K$25K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
OccupancyLn 16$34K$34K
TravelLn 17$15K$15K
Depreciation, depletion and amortizationLn 22$588$588
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$917K$917K
All other expensesLn 24e$53K$53K
Total functional expensesLn 25$1.3M$1.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $697K$686K$10K$95K 990 PDF
FY2023 $1.3M$1.3M$6K$84K 990 PDF
FY2022 $1.4M$1.4M$4K$78K 990 PDF
FY2021 Viewing $1.3M$1.3M−$58K$74K 990 PDF
FY2020 $1.3M$1.3M−$10K$132K 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 $1,265,714 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$1,265,714
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$1,265,714
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$260,536
I-16a Professional fundraising fees$0
I-17 Other expenses$1,063,390
I-18 Total expenses$1,323,926
I-19 Revenue less expenses−$58,212
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 $1,265,714 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,265,714$1,265,714
VIII-12 Total revenueRelated to mission $1,265,714 · Unrelated business $0 · Excluded from tax $0$1,265,714
Part IX · Statement of functional expenses $1,323,926 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,988$25,988
IX-7 Other salaries and wagesPrograms $209,962$209,962
IX-9 Other employee benefitsPrograms $24,586$24,586
IX-11c Accounting feesPrograms $13,220$13,220
IX-12 Advertising and promotionPrograms $1,850$1,850
IX-13 Office expensesPrograms $6,429$6,429
IX-16 OccupancyPrograms $34,015$34,015
IX-17 TravelPrograms $15,428$15,428
IX-22 Depreciation, depletion and amortizationPrograms $588$588
IX-23 InsurancePrograms $21,574$21,574
IX-24 Other expenses (24a–d)Programs $916,947$916,947
IX-24e All other expensesPrograms $53,339$53,339
IX-25 Total functional expensesPrograms $1,323,926 · Management $0 · Fundraising $0$1,323,926
Part X · Balance sheet $338,288 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $188,024$160,003
X-2 Savings and temporary cash investmentsStart of year $41,500$50,701
X-4 Accounts receivableStart of year $118,545$123,521
X-10c Land, buildings and equipment, netStart of year $4,063$4,063
X-16 Total assetsStart of year $352,132$338,288
X-17 Accounts payable and accrued expensesStart of year $63,678$5,546
X-24 Unsecured notes and loans payableStart of year $149,900$252,400
X-25 Other liabilitiesStart of year $6,078$6,078
X-26 Total liabilitiesStart of year $219,656$264,024
X-32 Total net assets or fund balancesStart of year $132,476$74,264
X-33 Total liabilities and net assetsStart of year $352,132$338,288
Part XI · Reconciliation of net assets $74,264 net assets at year end
XI-1 Total revenue$1,265,714
XI-2 Total expenses$1,323,926
XI-3 Revenue less expenses−$58,212
XI-4 Net assets at start of year$132,476
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$74,264

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

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