Lightning Boy Foundation INC FY2024 filing

Tax-deductible

Santa Fe, NM501(c)(3)Since 2017Youth DevelopmentEIN 82-0714271Revenue $481K in FY2024

On file with the IRSlightningboyfoundation.com31 Turtle Cir, 87506-8787 · Santa Fe, NMTax-exempt since Apr 2021Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)3 non profit public charity serving Native youth through cultural programming.

501(c)(3) charity; gifts are tax-deductible.
28¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
3 of 4
filings with a surplus
Average surplus $103K a year · 21% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
28%
of spending
Concern: 28% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$481K
-26% vs prior year
Spent
$376K
To programs
28%
Net assets
$592K
By yearFY2021–FY2025
Revenue
$481K
FY2024▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2021$135K
FY2022$306K
FY2023$646K
FY2024$481K
FY2025$483K
Expenses
$376K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$192K
FY2023$408K
FY2024$376K
FY2025$529K
Net assets
$592K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2021$135K
FY2022$250K
FY2023$488K
FY2024$592K
FY2025$216K

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 Apr 2021.

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

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $104K Management & general 72% · $272K

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

7 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrator Bookkeeper
$31,500Pt VII · Sec A
Founder Co Chair
$24,400Pt VII · Sec A
$13,000Pt VII · Sec A
Marketing
$2,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Felicia Rosacker-Rivera’s $32K as Founder, President is at the 24th percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Felicia Rosacker-Rivera$32,500$24,400$17,200$9,800$500
Isabelle Matthews—$31,500$26,500$18,712$4,500
Steve Larance—$13,000$12,000$13,677$500
R4 Group LLC—$2,000———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides resources and support to communities in need.

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Provided by the organization

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3 programs · $104K · in their own filed words · FY2024
01

Entering contracts for public or private performances featuring the Native American Hoop Dance.

$65Kprogram expense
02

Provide direct instruction in traditional Native American hoop dance routine to youth ages 2 and older. Twenty or more youth hoop dancers consistently participated once or twice a week in small group practices.

$21Kprogram expense
03

Creation of hoop dance regalia and hoops

$19Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$100

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$481K
Ln 12
Gifts and grantsLn 1h$380K
Fees for servicesLn 2g$74K
Other incomeLn 4–11$26K
Money outPt IX
$376K
Ln 25
Programscol B$104K
Managementcol C$272K
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$592K
Total assetsLn 16$592K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$380K
Government grantsLn 1e$10K
Noncash giftsLn 1g$62K
Fundraising eventsLn 1c$34K
Fees for servicesLn 2g$74K
Other incomeLn 4–11$26K
Total revenueLn 12$481K
Assets in detailPt X, end of year
CashLn 1$261K
SavingsLn 2$331K
Cash and savings togetherLn 1–2$592K
Total assetsLn 16$592K
LiabilitiesLn 26$0
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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$488K$592K
Total assetsLn 16$488K$592K
LiabilitiesLn 26$0$0
Net assetsLn 32$488K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Pay of current officers, directors and key staffLn 5$65K$65K
Management feesLn 11a$32K$32K
Legal feesLn 11b$35K$35K
Other fees for servicesLn 11g$73K$73K
Office expensesLn 13$4K$4K
TravelLn 17$65K$51K$14K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$88K$48K$40K$0
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$376K$104K$272K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $483K$529K−$45K$216K 990 PDF
FY2024 Viewing $481K$376K$104K$592K 990 PDF
FY2023 $646K$408K$238K$488K 990 PDF
FY2022 $306K$192K$114K$250K 990 PDF
FY2021 $135K$135K 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 $480,724 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $242,007$379,975
I-9 Program service revenuePrior year $44,245$74,407
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $359,996$26,342
I-12 Total revenuePrior year $646,248$480,724
I-13 Grants and similar amounts paidPrior year $0$3,510
I-14 Benefits paid to membersPrior year $4,950$0
I-15 Salaries and benefitsPrior year $60,700$65,340
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $342,590$307,439
I-18 Total expensesPrior year $408,240$376,289
I-19 Revenue less expensesPrior year $238,008$104,435
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $480,724 across 13 lines filed
Lines not itemized here account for −$7,863 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$34,205
VIII-1d Related organizations$0
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$335,770
VIII-1g Noncash contributions (included above)$62,000
VIII-1h Total contributions, gifts and grants$379,975
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,407 · Unrelated business $0 · Excluded from tax $0$74,407
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $34,205$34,205
VIII-12 Total revenueRelated to mission $66,544 · Unrelated business $0 · Excluded from tax $34,205$480,724
Part IX · Statement of functional expenses $376,289 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $3,510$3,510
IX-5 Pay of current officers, directors and key staffManagement $65,340$65,340
IX-11a Management feesManagement $31,500$31,500
IX-11b Legal feesManagement $34,908$34,908
IX-11g Other fees for servicesManagement $73,199$73,199
IX-13 Office expensesManagement $3,920$3,920
IX-17 TravelPrograms $50,868 · Management $13,861$64,729
IX-19 Conferences, conventions and meetingsManagement $7,582$7,582
IX-23 InsurancePrograms $2,121$2,121
IX-24 Other expenses (24a–d)Programs $47,708 · Management $40,242 · Fundraising $0$87,950
IX-24e All other expensesManagement $1,530$1,530
IX-25 Total functional expensesPrograms $104,207 · Management $272,082 · Fundraising $0$376,289
Part X · Balance sheet $591,973 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $487,538$260,937
X-2 Savings and temporary cash investmentsStart of year $0$331,036
X-16 Total assetsStart of year $487,538$591,973
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $487,538$591,973
X-33 Total liabilities and net assetsStart of year $487,538$591,973
Part XI · Reconciliation of net assets $591,973 net assets at year end
XI-1 Total revenue$480,724
XI-2 Total expenses$376,289
XI-3 Revenue less expenses$104,435
XI-4 Net assets at start of year$487,538
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$591,973

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

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