Loving Loic Foundation

Tax-deductible

Bozeman, MT501(c)(3)Human ServicesEIN 93-2081007Revenue $464K in FY2024

On file with the IRS83 Shelter Grove Cir, 59718-8218 · Bozeman, MTTax-exempt since Jul 2023Publicly supported charity — 170(b)(1)(A)(vi)

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To develop an effective gene therapy treatment that will save the lives of children born with panthothenate kinase-associated neurodegeneration (pkan)

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
91 mo
of spending, in cash
Looks good: 91.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $61K
Looks good: 5 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
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$464K
+256% vs prior year
Spent
$57K
To programs
0%
Net assets
$431K
By yearFY2023–FY2024
Revenue
$464K
FY2024▲ +256%
Tap a bar for its year
Revenue by fiscal year
FY2023$130K
FY2024$464K
Net assets
$431K
FY2024▲ ×18
Tap a bar for its year
Net assets by fiscal year
FY2023$24K
FY2024$431K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2023.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $57K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director/President
$0Pt VII · Sec A
Director/Vice President
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Loving Loic 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 gene therapy to save children with PKAN.

Questions for Loving Loic Foundation

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Provided by the organization

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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 · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$464K
Ln 12
Gifts and grantsLn 1h$464K
Money outPt IX
$57K
Ln 25
Managementcol C$57K
Owns and owesPt X
$431K
net assets · Ln 32
Cash and savingsLn 1–2$431K
Total assetsLn 16$431K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$464K
Noncash giftsLn 1g$21K
Total revenueLn 12$464K
Assets in detailPt X, end of year
CashLn 1$431K
Cash and savings togetherLn 1–2$431K
Total assetsLn 16$431K
LiabilitiesLn 26$0
Net assetsLn 32$431K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$24K$431K
Total assetsLn 16$24K$431K
LiabilitiesLn 26$0$0
Net assetsLn 32$24K$431K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$45K$0$45K$0
All other expensesLn 24e$11K$0$11K$0
Total functional expensesLn 25$57K$0$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $464K$57K$407K$431K 990 PDF
FY2023 $130K$24K 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 $463,848 revenue, 12 lines filed
I-8 Contributions and grants$463,848
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$463,848
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$56,642
I-18 Total expenses$56,642
I-19 Revenue less expenses$407,206
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $463,848 across 4 lines filed
VIII-1f All other contributions, gifts and grants$463,848
VIII-1g Noncash contributions (included above)$20,674
VIII-1h Total contributions, gifts and grants$463,848
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$463,848
Part IX · Statement of functional expenses $56,642 across 2 lines filed
IX-24 Other expenses (24a–d)Programs $0 · Management $45,146 · Fundraising $0$45,146
IX-24e All other expensesPrograms $0 · Management $11,496 · Fundraising $0$11,496
IX-25 Total functional expensesPrograms $0 · Management $56,642 · Fundraising $0$56,642
Part X · Balance sheet $431,336 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $24,130$431,336
X-16 Total assetsStart of year $24,130$431,336
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $24,130$431,336
X-33 Total liabilities and net assetsStart of year $24,130$431,336
Part XI · Reconciliation of net assets $431,336 net assets at year end
XI-1 Total revenue$463,848
XI-2 Total expenses$56,642
XI-3 Revenue less expenses$407,206
XI-4 Net assets at start of year$24,130
XI-10 Net assets at end of year$431,336

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

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