Lhon Collective EIN 88-2257719 Form 990 (PDF) Claim this org

Lhon Collective

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Accelerate LHON cure research and improve lives of those affected. For fiscal year 2025 it reported $336K in revenue, $181K in expenses, and $260K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
San Diego, CA
Website
www.lhon.org
Filings
3 on file (2023–2025)
Revenue
$336KFY2025
Expenses
$181K
Net assets
$260K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-2257719 Public charity (501(c)(3)) San Diego, CA Founded 2022
Form 990 (PDF)
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Size
$100K–1M
What they do
Accelerate LHON cure research and improve lives of those affected.
Leadership
Money in and out
$336K revenue, $181K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$260K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $155K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs▲ +2% vs prior filing year
Surplus margin
+46%
revenue over expenses, this year▼ -8% vs prior filing year
Donor-funded
104%
of revenue is gifts & grants▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$336K
FY2025▲ +53%
Expenses
$181K
FY2025▲ +65%
Total assets
$260K
FY2025▲ +122%
Total liabilities
$0
FY2025
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$260K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$155K
Total assetsPt X · Ln 16$260K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $175K of program spending, described in the organization's own filed words · FY2025.
01

Lhon collective worked with the milken foundation sparc to create an ongoing research in progress seminar series for researchers to discuss new and innovative scientific approaches to this rare disease and hear presentations from colleagues in the field to expand the working knowledge and collaborations for future scientific…

$128Kprogram expense
02

Lhon collective hosted an lhon conference as a part of the overall patient conference held with the united mitochondrial disease foundation. This brought 150 lhon community members together to learn about the most recent science for lhon, create community and build skills and independence for those newly vision impaired from lhon.

$40Kprogram expense
03

In partnership with carlisi creative, lhon collective developed audio-described, accessible educational video materials to scientifically explain lhon. These materials disseminate information to the community at large, including funders, the patient community and their family and friends, and to other clinician researchers to better…

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLhon Collective
EINHdr · item D88-2257719
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.lhon.org
Year of formationHdr · item L2022
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G80)
Ruling yearIRS BMFJan 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants104%$349K
Total revenueLn 12$336K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$181K
Management & general$436
Total functional expensesLn 25$181K

Balance Sheet

Part X · end of year
CashLn 1$206K
Total assetsLn 16$260K
Total liabilitiesLn 26$0
Total net assetsLn 32$260K
Months of cash on handcomputed13.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $260K · Operating expenses (Pt IX) $181K · Less non-cash grants $191K · Cash operating expenses/yr $-10K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $181K · Total expenses $181K
100%
Management & General
Management & general $436 · Total expenses $181K
0.2%
Fundraising
Fundraising $0 · Total expenses $181K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $285K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $349K · Total revenue $336K
104%
Government reliance
Government grants — · Total revenue $336K
Earned-income share
Program service revenue $0 · Total revenue $336K
0%
Investment reliance
Investment income $-13K · Total revenue $336K
-4%
Program self-sufficiency
Program service revenue $0 · Total expenses $181K
0%
Growth & trend
Revenue growth (YoY)
This year $336K · Prior year $219K
+53%
Net-asset trend (YoY)
End of year $260K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $336K · Expenses $181K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $260K
Net-asset ratio
Net assets $260K · Total assets $260K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $54K · Total assets (Pt X, ln 16) $260K
21%
People & payroll
Highest Reported Total Compensation
Individual Malinda Marsh · Reported title CEO · Highest reported compensation $0 · Total expenses $181K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $181K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.2%
Revenue growth 53%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $277K · 2024–2025
The Milken InstituteCA · FY2025$125,000
Carlisi Creative INCFY2025$7,030
The Milken Family FoundationCA · FY2024$100,000
Tree Seed MediaFY2024$6,445

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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
FY2025 (Latest)$336K revenue · viewing · ⤓ 990 PDF
FY2024$219K revenue · ⤓ 990 PDF
FY2023$76K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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