Lakefarm Learning FY2024 filing

Tax-deductible

Penngrove, CA501(c)(3)Public & Societal BenefitEIN 87-1959825

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The specific and primary purpose of this corporation shall be to educate and cultivate an environmentally conscious and responsible public through educational programs on a wide variety of topics, including water conservation, recycling, waste reduction and composting, renewable energy, sustainability, climate change, wildlife and endangered species, preventative measures for wildfire risks, mindfulness, and more.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
2 of 3
filings with a surplus
Average surplus $27K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$132K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$383K
-4% vs prior year
Spent
$512K
To programs
93%
Net assets
$40K
By yearFY2023–FY2025
Revenue
$383K
FY2024▼ -4%
Revenue by fiscal year
FY2023$399K
FY2024$383K
FY2025$671K
Expenses
$512K
FY2024▲ +121%
Expenses by fiscal year
FY2023$232K
FY2024$512K
FY2025$629K
Net assets
$40K
FY2024▼ -77%
Net assets by fiscal year
FY2023$169K
FY2024$40K
FY2025$81K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2021.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $478K Management & general 7% · $34K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lakefarm Learning 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Educates the public on environmental issues like conservation, recycling, and climate change.

Provided by the organization

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2 program services account for $478K of program spending, described in the organization's own filed words · FY2023.
01

Ofa Pass-Through Max415 Grant

To implement a comprehensive afterschool and summer youth empowerment program tailored for high school students aspiring to enter the fall 2024 school year.

$462Kprogram expense
02

Educational programs inluding water conservation, recycling, waste reduction and composting, renewable energy, sustainability, climate change, wildlife and endangered species, preventative measures for wildlife risks, mindfulness, and more.

$15Kprogram expense

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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 · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $61K · 2024–2024
Unitemized GrantFY2024$60,544

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$383K
Ln 12
Gifts and grantsLn 1h$353K
Fees for servicesLn 2g$30K
Investment incomeLn 3$27
Money outPt IX
$512K
Ln 25
Programscol B$478K
Managementcol C$34K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$172K
LiabilitiesLn 26$132K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$353K
Government grantsLn 1e$220K
Fees for servicesLn 2g$30K
Investment incomeLn 3$27
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$110K
Cash and savings togetherLn 1–2$172K
Total assetsLn 16$172K
LiabilitiesLn 26$132K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$169K$172K
Total assetsLn 16$169K$172K
LiabilitiesLn 26$0$132K
Net assetsLn 32$169K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$305K$305K
Office expensesLn 13$880$880
OccupancyLn 16$9K$9K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$172K$172K
All other expensesLn 24e$589$589
Total functional expensesLn 25$512K$478K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $671K$629K$42K$81K 990 PDF
FY2024 Viewing $383K$512K−$129K$40K 990 PDF
FY2023 $399K$232K$168K$169K 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 (4 parts)
Part VIII · Statement of revenue $382,755 across 6 lines filed
VIII-1e Government grants$219,814
VIII-1f All other contributions, gifts and grants$133,000
VIII-1h Total contributions, gifts and grants$352,814
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,914$29,914
VIII-3 Investment incomeExcluded from tax $27$27
VIII-12 Total revenueRelated to mission $29,914 · Excluded from tax $27$382,755
Part IX · Statement of functional expenses $512,123 across 8 lines filed
IX-11b Legal feesManagement $1,085$1,085
IX-11c Accounting feesManagement $15,882$15,882
IX-11g Other fees for servicesPrograms $304,858$304,858
IX-13 Office expensesPrograms $880$880
IX-16 OccupancyManagement $8,750$8,750
IX-23 InsuranceManagement $8,036$8,036
IX-24 Other expenses (24a–d)Programs $172,043$172,043
IX-24e All other expensesManagement $589$589
IX-25 Total functional expensesPrograms $477,781 · Management $34,342 · Fundraising $0$512,123
Part X · Balance sheet $171,512 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $155,305$61,588
X-2 Savings and temporary cash investmentsStart of year $13,575$109,924
X-16 Total assetsStart of year $168,880$171,512
X-26 Total liabilitiesStart of year $0$132,000
X-32 Total net assets or fund balancesStart of year $168,880$39,512
X-33 Total liabilities and net assetsStart of year $168,880$171,512
Part XI · Reconciliation of net assets $39,512 net assets at year end
XI-1 Total revenue$382,755
XI-2 Total expenses$512,123
XI-3 Revenue less expenses−$129,368
XI-4 Net assets at start of year$168,880
XI-10 Net assets at end of year$39,512

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

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