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Lacer Foundation

Palos Verdes Estates, CAUnknown exempt organizationEIN 85-0490400

LACER Foundation provides welfare assistance to individuals who work as non-employee independent contractors at The Los Angeles Country Club who at times face significant need due to their inability to work or other circumstances. At times needs include medical and health-related services.

Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $76K a year · 15% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $4K
Looks good: 4 funders name it on their filings; 3 or more.
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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$340K
-47% vs prior year
Spent
$306K
To programs
0%
Net assets
$151K
By yearFY2020–FY2021
Revenue
$340K
FY2021▼ -47%
Revenue by fiscal year
FY2020$644K
FY2021$340K
Expenses
$306K
FY2021▼ -42%
Expenses by fiscal year
FY2020$526K
FY2021$306K
Net assets
$151K
FY2021▲ +29%
Net assets by fiscal year
FY2020$117K
FY2021$151K

From the FY2021 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

What each dollar paid for.

Management & general 0% · $964

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Daniel Niemann
Chairman and President
$0Pt VII · Sec A
Adam Beatty
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Sacks
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jay Lavender
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lacer Foundation 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

Helps independent contractors at The Los Angeles Country Club with welfare and health needs.

Provided by the organization

This section is blank until Lacer Foundation claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

We have met our mission during the year to aid these caddies in times of need.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Steven and Janet Shafran FoundationFY2024$2K
The Brian D Stevens FoundationFY2024$1K
Rcl FoundationFY2024$500
Judith W Davis FoundationFY2024$250
Total grants receivedfrom 4 funders$4K
See all 4 funders →
Grants paid · 1 grant · $305K · 2021–2021
Unitemized GrantFY2021$305,175

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$340K
Ln 12
Gifts and grantsLn 1h$340K
Money outPt IX
$306K
Ln 25
Managementcol C$964
Owns and owesPt X
$151K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$151K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$340K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$340K
Assets in detailPt X, end of year
CashLn 1$151K
SavingsLn 2$0
Cash and savings togetherLn 1–2$151K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$151K
LiabilitiesLn 26$0
Net assetsLn 32$151K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$117K$151K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$117K$151K
LiabilitiesLn 26$0$0
Net assetsLn 32$117K$151K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$305K$0
Grants and assistance to foreign recipientsLn 3$0$0
Other expenses (24a–d)Ln 24$964$0$964$0
Total functional expensesLn 25$306K$0$964$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $340K$306K$34K$151K 990 PDF
FY2020 $644K$526K$117K$117K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $340,073 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$340,073
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$340,073
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-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$340,073
Part IX · Statement of functional expenses $306,139 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$305,175
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $964 · Fundraising $0$964
IX-25 Total functional expensesPrograms $0 · Management $964 · Fundraising $0$306,139
Part X · Balance sheet $151,309 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $117,375$151,309
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $117,375$151,309
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $117,375$151,309
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $117,375$151,309
X-33 Total liabilities and net assetsStart of year $117,375$151,309
Part XI · Reconciliation of net assets $151,309 net assets at year end
XI-1 Total revenue$340,073
XI-2 Total expenses$306,139
XI-3 Revenue less expenses$33,934
XI-4 Net assets at start of year$117,375
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$151,309

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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