Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jan 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
4 people listed on the 990; $6K paid to officers and key staff (Part VII, Section A).
Dylan Palacio’s $7K as President is at the 51st percentile of top reported officer pay among 98 <$100K recreation & sports 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
| Name | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Dylan Palacio | $6,579 | $10,000 | $5,000 |
| Kritina Love-Keys | — | $5,900 | — |
| Kristine Love Keys | $4,000 | — | — |
| Kristina Love- | — | — | $1,200 |
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.
See L40 Foundation executive salaries →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 kids overcome barriers to athletic achievement and development.
Questions for L40 Foundation
Your first name shows with your question. L40 Foundation answers here, for everyone.
Wrestling camps
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-3316706) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $20K | |
| Total assetsLn 16 | $0 | $20K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $0 | $20K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $30K | $30K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $9K | $9K | ||
| Payroll taxesLn 10 | $643 | $643 | ||
| Advertising and promotionLn 12 | $179 | $179 | ||
| TravelLn 17 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $2K | $2K | ||
| Total functional expensesLn 25 | $46K | $30K | $16K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 LatestFiled with the IRS Aug 20, 2024 | $57K | $50K | $7K | $7K | 990 PDF |
| FY2022Filed with the IRS Aug 14, 2023 | $52K | $466 | 990 PDF | ||
| FY2021 ViewingFiled with the IRS Apr 15, 2022 | $64K | $46K | $18K | $20K | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $64,159 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $64,159 across 4 lines filed
Part IX · Statement of functional expenses $46,295 across 6 lines filed
Part X · Balance sheet $19,713 assets, 6 lines filed
Part XI · Reconciliation of net assets $19,713 net assets at year end
Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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