Let Them Lol FY2020 filing

Tax-deductible

Buffalo, NY501(c)(3)InternationalEIN 27-4826987

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Provide support for childrens orphanage in Sierre Leone, Africa for an area the size of approx 2 USA counties, create water projects including drilling of new wells in Sierre Leone, as well as maintain well filters.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $223K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$484K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$604K
To programs
57%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.0M
FY2020
Revenue by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.3M
FY2023$1.1M
FY2024$924K
Expenses
$604K
FY2020
Expenses by fiscal year
FY2020$604K
FY2021$873K
FY2022$934K
FY2023$1.0M
FY2024$930K
Net assets
$1.0M
FY2020
Net assets by fiscal year
FY2020$1.0M
FY2021$1.4M
FY2022$1.7M
FY2023$1.2M
FY2024$1.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2011.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $344K Management & general 43% · $260K

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

5 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
$67,230Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathleen Vacanti’s $70K as President is at the 63rd percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kathleen Vacanti$69,740$65,000$64,740$64,740$67,230

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Build wells and support a children's orphanage in Sierra Leone, Africa.

Provided by the organization

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3 program services account for $310K of program spending, described in the organization's own filed words · FY2020.
01

Support for childrens orphanage in sierra leone, africa from an area the size of 2 usa counties.

$194Kprogram expense
02

Creating Water Projects

Drilling new wells in sierra leone for an area the size of 2 usa counties. A well drilling rig value 300,000 was donated to provide the means to drill wells in sierre leone, eliminating the need to subcontarct the service. The asset has been reflected in permanently restricted revenue and fixed assets.

$66Kprogram expense
03

Fund Building Projects for Childrens Home and Schools

$50Kprogram expense

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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 2 funders$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$2K
Money outPt IX
$604K
Ln 25
Programscol B$344K
Managementcol C$260K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$1.5M
LiabilitiesLn 26$484K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fundraising eventsLn 1c$300
Other incomeLn 4–11$2K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$237K
Cash and savings togetherLn 1–2$237K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$29K
Total assetsLn 16$1.5M
LiabilitiesLn 26$484K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 61,000
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 FY20End FY20
Cash and savingsLn 1–2$140K$237K
Land, buildings, equipmentLn 10c$713K$1.2M
Total assetsLn 16$883K$1.5M
LiabilitiesLn 26$279K$484K
Net assetsLn 32$604K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$337K$337K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$67K$67K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$32K$32K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$25K$25K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$12K$12K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$89$89
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$123K$6K$117K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$5K$1K$4K
All other expensesLn 24e$0
Total functional expensesLn 25$604K$344K$260K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $924K$930K−$6K$1.2M 990 PDF
FY2023 $1.1M$1.0M$20K$1.2M 990 PDF
FY2022 $1.3M$934K$349K$1.7M 990 PDF
FY2021 $1.2M$873K$319K$1.4M 990 PDF
FY2020 Viewing $1.0M$604K$431K$1.0M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,034,652 across 6 lines filed
VIII-1c Fundraising events$300
VIII-1f All other contributions, gifts and grants$1,032,122
VIII-1h Total contributions, gifts and grants$1,032,422
VIII-8 Net income from fundraising events$300
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$1,930
VIII-12 Total revenue$1,034,652
Part IX · Statement of functional expenses $604,126 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $337,473$337,473
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $67,230$67,230
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $32,211$32,211
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $24,992$24,992
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,700$2,700
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $11,551$11,551
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $89$89
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,536 · Management $117,273$122,809
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,046 · Management $4,025$5,071
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $344,055 · Management $260,071 · Fundraising $0$604,126
Part X · Balance sheet $1,517,782 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $140,016$236,920
X-8 Inventories for sale or useStart of year $1,436$2,149
X-10c Land, buildings and equipment, netStart of year $712,805$1,241,326
X-14 Intangible assetsStart of year $8,816$8,204
X-15 Other assetsStart of year $19,486$29,183
X-16 Total assetsStart of year $882,559$1,517,782
X-17 Accounts payable and accrued expensesStart of year $4,583$3,163
X-25 Other liabilitiesStart of year $481$35,491
X-26 Total liabilitiesStart of year $278,995$483,692
X-27 Net assets without donor restrictionsStart of year $303,564$734,090
X-28 Net assets with donor restrictionsStart of year $300,000$300,000
X-32 Total net assets or fund balancesStart of year $603,564$1,034,090
X-33 Total liabilities and net assetsStart of year $882,559$1,517,782
Part XI · Reconciliation of net assets $1,034,090 net assets at year end
XI-1 Total revenue$1,034,652
XI-2 Total expenses$604,126
XI-3 Revenue less expenses$430,526
XI-4 Net assets at start of year$603,564
XI-10 Net assets at end of year$1,034,090

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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