Lradac Foundation EIN 45-3949534 Form 990 (PDF) Claim this org

Lradac Foundation FY2020 filing

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Helps families overcome addiction to prevent child harm and collapse. For fiscal year 2020 it reported $100K in revenue, $44K in expenses, and $56K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Human Services
Location
Columbia, SC
Website
www.lradac.org/foundation
Filings
5 on file (2020–2020)
Revenue
$100KFY2020
Expenses
$44K
Net assets
$56K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3949534 Public charity (501(c)(3)) Columbia, SC Founded 2011
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps families overcome addiction to prevent child harm and collapse.
Leadership
Janice Ayers · Vice Chair
Money in and out
$100K revenue, $44K expenses
Bottom line
56% program efficiency
Where the money goes · FY2020
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$56K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.29 Fundraising $0.14
Program efficiency
56%
of spending reaches programs
Operating runway
14.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+56%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$100K
FY2020
Expenses
$44K
FY2020
Total assets
$72K
FY2020
Total liabilities
$16K
FY2020
Total revenue
$100K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$56K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$72K
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLradac Foundation
EINHdr · item D45-3949534
Principal addressHdr · item CColumbia, SC
WebsiteHdr · item Jwww.lradac.org/foundation
Year of formationHdr · item L2011
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P11)
Ruling yearIRS BMFAug 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Lradac Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $25K of program spending, described in the organization's own filed words · FY2019.
01

To reduce addiction as a leading cause of family collapse and harm to children in richland and lexington counties. The mission is accomplished by raising support for evidence-based programs that help individuals and families and provide assistance to indigent clients receiving services at lradac.

$25Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$87K · 87%
Other revenue$13K · 13%
Contributions & grants87%$87K
Other revenue13%$13K
— government grantsLn 1e$1K
Total revenueLn 12$100K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.29 Fundraising $0.14
Program services56%$25K
Management & general29%$13K
Fundraising14%$6K
Total functional expensesLn 25$44K

Balance Sheet

Part X · end of year
CashLn 1$52K
Total assetsLn 16$72K
Total liabilitiesLn 26$16K
Total net assetsLn 32$56K
Months of cash on handcomputed14.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $52K · Operating expenses/yr $44K
14.1 months
Where the money goes
Program services
Program services $25K · Total expenses $44K
56%
Management & General
Management & general $13K · Total expenses $44K
29%
Fundraising
Fundraising $6K · Total expenses $44K
14%
Cost to raise $1
Fundraising expense $6K · Solicited contributions $86K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $87K · Total revenue $100K
87%
Government reliance
Government grants $1K · Total revenue $100K
1%
Earned-income share
Program service revenue $0 · Total revenue $100K
0%
Investment reliance
Investment income $0 · Total revenue $100K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $44K
0%
Growth & trend
Revenue growth (YoY)
This year $100K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $56K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $100K · Expenses $44K
+56%
Liabilities-to-Assets
Total liabilities — · Total assets $72K
Net-asset ratio
Net assets $56K · Total assets $72K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $72K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janice Ayers · Reported title VICE CHAIR · Highest reported compensation $0 · Total expenses $44K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $44K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 29%
Fundraising cost ratio 7%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 6 grants · $569K · 2019–2024
LradacSC · FY2024$162,918
LradacSC · FY2023$175,100
LradacSC · FY2022$65,100
LradacSC · FY2021$100,637
LradacSC · FY2020$40,220
LradacSC · FY2019$24,783

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$161K revenue · ⤓ 990 PDF
FY2023$114K revenue · ⤓ 990 PDF
FY2022$123K revenue · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF
FY2020$100K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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