La Pointe Foundation EIN 81-5413715 Form 990 (PDF) Claim this org

La Pointe Foundation FY2022 filing

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Supports healthcare, education, and entrepreneurship in low-income communities. For fiscal year 2022 it reported $-179K in revenue, $240K in expenses, and $641K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Raleigh, NC
Website
www.lapointefoundation.org
Filings
5 on file (2020–2022)
Revenue
$-179KFY2022
Expenses
$240K
Net assets
$641K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-5413715 Public charity (501(c)(3)) Raleigh, NC
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports healthcare, education, and entrepreneurship in low-income communities.
Leadership
Caleb Whitmore · Managing Director
Money in and out
$-179K revenue, $240K expenses
Bottom line
78% program efficiency
Where the money goes · FY2022
Total revenue
$-179K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$641K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$420K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs
Operating runway
31.9mo
months of highly liquid reserves at operating expense rate

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$-179K
FY2022▼ -414%
Expenses
$240K
FY2022▲ +23%
Total assets
$641K
FY2022▼ -63%
Total liabilities
$0
FY2022▼ -100%
Total revenue
$-179K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$641K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$420K
Total assetsPt X · Ln 16$641K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $187K of program spending, described in the organization's own filed words · FY2022.
01

To provide support for health care, education, and entrepreneurship in underserved and low income communities.

$187Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLa Pointe Foundation
EINHdr · item D81-5413715
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jwww.lapointefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Managing Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$187K
Management & general22%$54K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$641K
Total liabilitiesLn 26$0
Total net assetsLn 32$641K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $640K · Operating expenses/yr $240K
31.9 months
Where the money goes
Program services
Program services $187K · Total expenses $240K
78%
Management & General
Management & general $54K · Total expenses $240K
22%
Fundraising
Fundraising $0 · Total expenses $240K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $33K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $40K · Total revenue $-179K
Government reliance
Government grants — · Total revenue $-179K
Earned-income share
Program service revenue $0 · Total revenue $-179K
Investment reliance
Investment income $-219K · Total revenue $-179K
Program self-sufficiency
Program service revenue $0 · Total expenses $240K
0%
Growth & trend
Revenue growth (YoY)
This year $-179K · Prior year $57K
-414%
Net-asset trend (YoY)
End of year $641K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-179K · Expenses $240K
Liabilities-to-Assets
Total liabilities — · Total assets $641K
Net-asset ratio
Net assets $641K · Total assets $641K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $620K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $641K
97%
People & payroll
Highest Reported Total Compensation
Individual Caleb Whitmore · Reported title Managing Director · Highest reported compensation $0 · Total expenses $240K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $240K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Revenue growth -414%
Investment management fee ratio 2%
Legal fee ratio 0.2%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

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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 (Latest)$130K revenue · ⤓ 990 PDF
FY2023$115K revenue · ⤓ 990 PDF
FY2022$-179K revenue · viewing · ⤓ 990 PDF
FY2021$57K revenue · ⤓ 990 PDF
FY2020$191K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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