The Lacc Foundation

Tax-deductible

Los Angeles, CA501(c)(3)Since 2022Community DevelopmentEIN 92-0621676

To promote, support, and carry on charitable and educational activities allowed by law.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $60K
Looks good: 3 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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
Spent
$88K
To programs
100%
Net assets
$254K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $88K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
C.o.o
$0Pt VII · Sec A
C.f.o
$0Pt VII · Sec A
See The Lacc 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

The Lacc Foundation is a community improvement nonprofit based in Los Angeles, CA, formed in 2022.

Provided by the organization

This section is blank until The Lacc Foundation claims this page.

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1 program service account for $88K of program spending, described in the organization's own filed words · FY2024.
01

Provided scholarships to 20 individual students in support of their college or vocational education.

$88Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$60K
See all 3 funders →
Grants paid · 1 grant · $61K · 2024–2024
Unitemized GrantFY2024$61,150

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$332K
Ln 12
Gifts and grantsLn 1h$332K
Investment incomeLn 3$26
Money outPt IX
$88K
Ln 25
Programscol B$88K
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$254K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$332K
Noncash giftsLn 1g$7K
Fundraising eventsLn 1c$102K
Investment incomeLn 3$26
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Other assetsLn 15$232K
Total assetsLn 16$254K
LiabilitiesLn 26$0
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10K$22K
Total assetsLn 16$10K$254K
LiabilitiesLn 26$0$0
Net assetsLn 32$10K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$61K$61K
Other fees for servicesLn 11g$26K$26K
Total functional expensesLn 25$88K$88K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $332K$88K$244K$254K 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 $331,576 across 7 lines filed
VIII-1c Fundraising events$102,400
VIII-1f All other contributions, gifts and grants$229,150
VIII-1g Noncash contributions (included above)$7,428
VIII-1h Total contributions, gifts and grants$331,550
VIII-3 Investment incomeUnrelated business $26$26
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $26 · Excluded from tax $0$331,576
Part IX · Statement of functional expenses $87,600 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $61,150$61,150
IX-11g Other fees for servicesPrograms $26,450$26,450
IX-25 Total functional expensesPrograms $87,600 · Management $0 · Fundraising $0$87,600
Part X · Balance sheet $253,976 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $10,000$22,454
X-15 Other assetsStart of year $0$231,522
X-16 Total assetsStart of year $10,000$253,976
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $10,000$253,976
X-32 Total net assets or fund balancesStart of year $10,000$253,976
X-33 Total liabilities and net assetsStart of year $10,000$253,976
Part XI · Reconciliation of net assets $253,976 net assets at year end
XI-1 Total revenue$331,576
XI-2 Total expenses$87,600
XI-3 Revenue less expenses$243,976
XI-4 Net assets at start of year$10,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$253,976

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

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