Lot318 FY2024 filing

Tax-deductible

Placentia, CA501(c)(3)Since 2011ReligionEIN 80-0692677Revenue $438K in FY2024

On file with the IRSlot318.com536 Dartmouth Dr, 92870-5107 · Placentia, CATax-exempt since May 2011Publicly supported charity — 170(b)(1)(A)(vi)

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LOT318 stands for "Loving Others in Truth" inspired from "Let us not love with words or speech but with actions and in truth". LOT318 accomplishes this by empowering at-risk youth in two Placentia communities. We encourage them to see their worth and purpose in this world through various events, service opportunities, and community building experiences. We challenge everyone to serve others in their community and make a difference among their peers. We value and believe in the importance of education. Our vision statement is to invest in a child, change a generation, and build a community. Our goal is to provide opportunities that these neighborhoods may never have had, so that our LOT318 communities value the resources available to them so that they will become positive influences and forces in our world. We strive to love others in truth!use the property to run our afterschool homework club and any other related activities. And the tenants we have are also a part of our organization.

501(c)(3) charity; gifts are tax-deductible.
32¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $355K a year · 52% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
25 mo
of spending, in cash
Looks good: 24.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $62K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$438K
-79% vs prior year
Spent
$536K
To programs
32%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$438K
FY2024▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2020$226K
FY2021$217K
FY2022$702K
FY2023$2.1M
FY2024$438K
FY2025$363K
Expenses
$536K
FY2024▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$159K
FY2022$221K
FY2023$322K
FY2024$536K
FY2025$586K
Net assets
$2.5M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$210K
FY2021$287K
FY2022$766K
FY2023$2.6M
FY2024$2.5M
FY2025$2.2M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2011.

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

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $173K Management & general 68% · $363K

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

8 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation
$32,987Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Leticia Gali’s $17K as CEO is at the 14th percentile of top reported officer pay among 2133 $100K–1M religion 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

NameFY2025FY2024
Leticia Gali$17,098$32,987

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Engages at-risk youth with positive programs to deter gang activity and improve education.

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Provided by the organization

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1 program · $173K · in their own filed words · FY2024
01

LOT318 is investing in a child, changing a generation, and building a community by loving others in truth.

$173Kprogram expense

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$62K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$438K
Ln 12
Gifts and grantsLn 1h$362K
Fees for servicesLn 2g$66K
Investment incomeLn 3$9K
Money outPt IX
$536K
Ln 25
Programscol B$173K
Managementcol C$363K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$362K
Fees for servicesLn 2g$66K
Investment incomeLn 3$9K
Gains on assetsLn 7$0
Total revenueLn 12$438K
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$2K
Total assetsLn 16$2.5M
LiabilitiesLn 26$4K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 53
VolunteersI 6200
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$1.2M$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$7K$4K
Net assetsLn 32$2.6M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$33K$33K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$63K$63K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$44$44
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$26K$26K
TravelLn 17$0
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$43K$43K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$291K$102K$189K
All other expensesLn 24e$51K$2K$49K
Total functional expensesLn 25$536K$173K$363K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $363K$586K−$224K$2.2M 990 PDF
FY2024 Viewing $438K$536K−$98K$2.5M 990 PDF
FY2023 $2.1M$322K$1.8M$2.6M 990 PDF
FY2022 $702K$221K$481K$766K 990 PDF
FY2021 $217K$159K$58K$287K 990 PDF
FY2020 $226K$108K$118K$210K 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 FY2024 990 (6 parts)
Part I · Summary $438,059 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,041,022$362,148
I-9 Program service revenuePrior year $180$66,459
I-10 Investment incomePrior year $6,524$9,452
I-11 Other revenuePrior year $68,129$0
I-12 Total revenuePrior year $2,115,855$438,059
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,059$104,844
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $272,826$431,353
I-18 Total expensesPrior year $321,885$536,197
I-19 Revenue less expensesPrior year $1,793,970−$98,138
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $438,059 across 9 lines filed
VIII-1f All other contributions, gifts and grants$362,148
VIII-1h Total contributions, gifts and grants$362,148
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,459$66,459
VIII-3 Investment incomeRelated to mission $9,452$9,452
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $75,911$438,059
Part IX · Statement of functional expenses $536,197 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 $32,987$32,987
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $62,712$62,712
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $9,145$9,145
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $44$44
IX-13 Office expensesManagement $4,700$4,700
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $26,195$26,195
IX-17 Travel$0
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 $42,590$42,590
IX-23 InsuranceManagement $15,575$15,575
IX-24 Other expenses (24a–d)Programs $102,473 · Management $188,800$291,273
IX-24e All other expensesPrograms $2,027 · Management $48,949$50,976
IX-25 Total functional expensesPrograms $173,285 · Management $362,912 · Fundraising $0$536,197
Part X · Balance sheet $2,465,540 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,169,010$1,110,103
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,376,706$1,334,783
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $19,611$18,944
X-15 Other assetsStart of year $1,710$1,710
X-16 Total assetsStart of year $2,567,037$2,465,540
X-25 Other liabilitiesStart of year $3,607$3,607
X-26 Total liabilitiesStart of year $6,966$3,607
X-27 Net assets without donor restrictionsStart of year $2,560,071$2,461,933
X-32 Total net assets or fund balancesStart of year $2,560,071$2,461,933
X-33 Total liabilities and net assetsStart of year $2,567,037$2,465,540
Part XI · Reconciliation of net assets $2,461,933 net assets at year end
XI-1 Total revenue$438,059
XI-2 Total expenses$536,197
XI-3 Revenue less expenses−$98,138
XI-4 Net assets at start of year$2,560,071
XI-10 Net assets at end of year$2,461,933

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

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