Lacuna Corporation
- Assets
- $5.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 09/2006
- Data as of
- 09/2023
- EIN
- 20-3782729
Organization Overview
Lacuna Corporation is located in Charleston, SC. The organization was established in 2006. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacuna Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Lacuna Corporation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $163.4k during the year ending 09/2023. While expenses have increased by 39.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mcshane President | 1 | $0 | |
Charles Webb Director/vice President | 1 | $0 | |
Andrea Clark Director/vice President | 1 | $0 | |
Stephen Gavel Treasurer/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,625,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $922,007 |
| Other Income | $0 |
| Total Revenue | $2,547,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $63,124 |
| Taxes | $0 |
| Depreciation | $6,107 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,922 |
| Total operating and administrative expenses | $113,353 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $163,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,726 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,983,903 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $46,327 |
| Other assets | $0 |
| Total assets | $5,183,956 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $567,900 |
| Other liabilities | $0 |
| Total liabilities | $567,900 |