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Lacna Foundation FY2024 filing

Tax-deductible

Sewickley, PA501(c)(3)Arts & CultureEIN 88-2430951Revenue $271K in FY2024

On file with the IRSperformingartscenters.org/fellowship1121 Castletown CT, 15143-8862 · Sewickley, PATax-exempt since Feb 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Arts industry leadership development program

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 3
filings with a surplus
Average surplus $146K a year · 48% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 34.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
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
$271K
-24% vs prior year
Spent
$102K
To programs
62%
Net assets
$265K
By yearFY2022–FY2025
Revenue
$271K
FY2024▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2022$176K
FY2023$357K
FY2024$271K
FY2025$280K
Expenses
$102K
FY2024▼ -61%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$263K
FY2024$102K
FY2025$104K
Net assets
$265K
FY2024▲ +166%
Tap a bar for its year
Net assets by fiscal year
FY2022$6K
FY2023$100K
FY2024$265K
FY2025$442K

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 Feb 2023.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $63K Management & general 38% · $39K

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
Joan Squires
Director
$0Pt VII · Sec A
Achia Floyd
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steven Wolff
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lacna 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

Develops leaders for the arts industry through specialized programs.

Provided by the organization

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1 program · $63K · in their own filed words · FY2024
01

Continued work to support the mission of the organization to provide leadership development through experience-based curriculum including training on leadership theory and practice, networking opportunities and future leadership summits.

$63Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $44K · 2023–2023
Unitemized GrantFY2023$43,740

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$271K
Ln 12
Gifts and grantsLn 1h$250K
Fees for servicesLn 2g$21K
Money outPt IX
$102K
Ln 25
Programscol B$63K
Managementcol C$39K
Owns and owesPt X
$265K
net assets · Ln 32
Cash and savingsLn 1–2$294K
Total assetsLn 16$294K
LiabilitiesLn 26$29K
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$250K
Fees for servicesLn 2g$21K
Total revenueLn 12$271K
Assets in detailPt X, end of year
CashLn 1$294K
Cash and savings togetherLn 1–2$294K
Total assetsLn 16$294K
LiabilitiesLn 26$29K
Net assetsLn 32$265K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY24End FY24
Cash and savingsLn 1–2$219K$294K
Total assetsLn 16$225K$294K
LiabilitiesLn 26$125K$29K
Net assetsLn 32$100K$265K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$71K$63K$8K
Accounting feesLn 11c$30K$30K
Office expensesLn 13$998$998
InsuranceLn 23$157$157
Other expenses (24a–d)Ln 24$37$0$37$0
Total functional expensesLn 25$102K$63K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $280K$104K$176K$442K 990 PDF
FY2024 Viewing $271K$102K$169K$265K 990 PDF
FY2023 $357K$263K$94K$100K 990 PDF
FY2022 $176K$6K 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 $271,050 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,766$250,000
I-9 Program service revenuePrior year $110,000$21,050
I-10 Investment incomePrior year $10$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $356,776$271,050
I-13 Grants and similar amounts paidPrior year $43,740$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $218,970$102,089
I-18 Total expensesPrior year $262,710$102,089
I-19 Revenue less expensesPrior year $94,066$168,961
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $271,050 across 4 lines filed
VIII-1f All other contributions, gifts and grants$250,000
VIII-1h Total contributions, gifts and grants$250,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,050$21,050
VIII-12 Total revenueRelated to mission $21,050 · Unrelated business $0 · Excluded from tax $0$271,050
Part IX · Statement of functional expenses $102,089 across 5 lines filed
IX-11a Management feesPrograms $63,242 · Management $8,000$71,242
IX-11c Accounting feesManagement $29,655$29,655
IX-13 Office expensesManagement $998$998
IX-23 InsuranceManagement $157$157
IX-24 Other expenses (24a–d)Programs $0 · Management $37 · Fundraising $0$37
IX-25 Total functional expensesPrograms $63,242 · Management $38,847 · Fundraising $0$102,089
Part X · Balance sheet $294,262 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $218,534$293,910
X-4 Accounts receivableStart of year $6,000$0
X-9 Prepaid expenses and deferred chargesStart of year $0$352
X-16 Total assetsStart of year $224,534$294,262
X-17 Accounts payable and accrued expensesStart of year $124,629$0
X-19 Deferred revenueStart of year $0$29,000
X-26 Total liabilitiesStart of year $124,629$29,000
X-32 Total net assets or fund balancesStart of year $99,905$265,262
X-33 Total liabilities and net assetsStart of year $224,534$294,262
Part XI · Reconciliation of net assets $265,262 net assets at year end
XI-1 Total revenue$271,050
XI-2 Total expenses$102,089
XI-3 Revenue less expenses$168,961
XI-4 Net assets at start of year$99,905
XI-8 Prior period adjustments−$3,604
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$265,262

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

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