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Lafp Orlando INC

Not tax-deductible

Boston, MAMutual-benefit / member-servingSince 2014Public & Societal BenefitEIN 47-1685504Revenue $7.6M in FY2024

On file with the IRSTwo Seaport Lane 15th Floor, 02210-2021 · Boston, MATax-exempt since Jun 2015

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Hold title to real estate investments of a public employee retirement plan.

Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 5
filings with a surplus
Average surplus $2.7M a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$30.1M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
-3% vs prior year
Spent
$4.5M
To programs
0%
Net assets
$32.9M
By yearFY2020–FY2024
Revenue
$7.6M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.0M
FY2021$6.1M
FY2022$7.2M
FY2023$7.8M
FY2024$7.6M
Expenses
$4.5M
FY2024▲ +0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$4.0M
FY2022$4.1M
FY2023$4.5M
FY2024$4.5M
Net assets
$32.9M
FY2024▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$35.7M
FY2021$51.1M
FY2022$67.1M
FY2023$33.1M
FY2024$32.9M

From the FY2024 Form 990 · figures checked against the IRS filing · 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 2015.

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Annie Chao
Vice President, Treasurer, CFO, & Director
$0Pt VII · Sec A
Bryan Fujita
President & Director
$0Pt VII · Sec A
Claire Su Kyung No
Vice President, Secretary, & Director
$0Pt VII · Sec A
Carrie a Bellerby
Vice President
$0Pt VII · Sec A
Jonathan E Martin
Vice President
$0Pt VII · Sec A
Lauren Oneil
Vice President
$0Pt VII · Sec A
Mark a Morrison
Vice President
$0Pt VII · Sec A
Michael P Byrne
Vice President
$0Pt VII · Sec A
See Lafp Orlando INC 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

Manages real estate investments for a public employee retirement plan.

Questions for Lafp Orlando INC

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.6M
Ln 12
Fees for servicesLn 2g$7.6M
Money outPt IX
$4.5M
Ln 25
Owns and owesPt X
$32.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$62.9M
LiabilitiesLn 26$30.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.6M
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$61.7M
Other assetsLn 15$57K
Total assetsLn 16$62.9M
LiabilitiesLn 26$30.1M
Net assetsLn 32$32.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
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 FY24End FY24
Cash and savingsLn 1–2$1.0M$1.1M
Land, buildings, equipmentLn 10c$61.3M$61.7M
Total assetsLn 16$62.4M$62.9M
LiabilitiesLn 26$29.2M$30.1M
Net assetsLn 32$33.1M$32.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$678K
Legal feesLn 11b$4K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$302K
Advertising and promotionLn 12$133K
Office expensesLn 13$10K
OccupancyLn 16$1.7M
InterestLn 20$1.3M
InsuranceLn 23$225K
Other expenses (24a–d)Ln 24$196K
All other expensesLn 24e$375
Total functional expensesLn 25$4.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.6M$4.5M$3.0M$32.9M 990 PDF
FY2023 $7.8M$4.5M$3.3M$33.1M 990 PDF
FY2022 $7.2M$4.1M$3.1M$67.1M 990 PDF
FY2021 $6.1M$4.0M$2.1M$51.1M 990 PDF
FY2020 $6.0M$4.0M$2.0M$35.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $7,572,441 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,788,663$7,572,441
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,788,663$7,572,441
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $674,169$678,403
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,837,668$3,861,147
I-18 Total expensesPrior year $4,511,837$4,539,550
I-19 Revenue less expensesPrior year $3,276,826$3,032,891
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $7,572,441 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,572,441$7,572,441
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $7,572,441 · Unrelated business $0 · Excluded from tax $0$7,572,441
Part IX · Statement of functional expenses $4,539,550 across 11 lines filed
IX-7 Other salaries and wages$678,403
IX-11b Legal fees$4,055
IX-11c Accounting fees$5,368
IX-11g Other fees for services$301,801
IX-12 Advertising and promotion$132,673
IX-13 Office expenses$9,882
IX-16 Occupancy$1,661,716
IX-20 Interest$1,323,450
IX-23 Insurance$225,474
IX-24 Other expenses (24a–d)$196,353
IX-24e All other expenses$375
IX-25 Total functional expenses$4,539,550
Part X · Balance sheet $62,924,396 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,007,879$1,126,047
X-4 Accounts receivableStart of year $3,154$322
X-9 Prepaid expenses and deferred chargesStart of year $57,628$61,623
X-10c Land, buildings and equipment, netStart of year $61,259,538$61,679,453
X-15 Other assetsStart of year $56,951$56,951
X-16 Total assetsStart of year $62,385,150$62,924,396
X-17 Accounts payable and accrued expensesStart of year $180,101$287,827
X-19 Deferred revenueStart of year $54,584$54,480
X-25 Other liabilitiesStart of year $163,108$190,587
X-26 Total liabilitiesStart of year $29,235,692$30,050,324
X-32 Total net assets or fund balancesStart of year $33,149,458$32,874,072
X-33 Total liabilities and net assetsStart of year $62,385,150$62,924,396
Part XI · Reconciliation of net assets $32,874,072 net assets at year end
XI-1 Total revenue$7,572,441
XI-2 Total expenses$4,539,550
XI-3 Revenue less expenses$3,032,891
XI-4 Net assets at start of year$33,149,458
XI-5 Net unrealized gains (losses) on investments−$393,277
XI-9 Other changes in net assets−$2,915,000
XI-10 Net assets at end of year$32,874,072

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

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