Lola Foundation INC

Tax-deductible

New City, NY501(c)(3)Foundations & GrantmakersEIN 35-2613640Revenue $238K in FY2024

On file with the IRS1 Rodeo Dr, 10956-1327 · New City, NYTax-exempt since Jun 2021Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · Form 990-PFIndependent: 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-PF
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 surplus $3 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
+3% vs prior year
Spent
$238K
Net assets
$20
By yearFY2020–FY2024
Revenue
$238K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$68K
FY2021$55K
FY2022$133K
FY2023$230K
FY2024$238K
Expenses
$238K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$54K
FY2022$104K
FY2023$229K
FY2024$238K
Net assets
$20
FY2024▼ -97%
Tap a bar for its year
Net assets by fiscal year
FY2020−$30K
FY2021−$30K
FY2022$14
FY2023$775
FY2024$20

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2021.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 100% · $238K Operating & administrative 0% · $180

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-PF.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lola Foundation INC executive salaries →

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Programs and updates

A private foundation based in New City, NY.

Questions for Lola Foundation INC

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Provided by the organization

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By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$238K
Gifts and grants$238K
Money out
$238K
Grants paid$238K
Running costs$180
Owns and owes
$20
net assets
Cash and savings$20
Total assets$20
Liabilities$0
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$238K
Total revenue$238K
Assets in detailEnd of year
Cash and savings together$20
Total assets$20
Liabilities$0
Net assets$20
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $238K$238K−$755$20 990 PDF
FY2023 $230K$229K$762$775 990 PDF
FY2022 $133K$104K$30K$14 990 PDF
FY2021 $55K$54K$372−$30K 990 PDF
FY2020 $68K$98K−$30K−$30K 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

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

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