The Let Be Foundation Inc
- Assets
- $450.3k
- Revenue
- $818.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Chino, CA
- Founding
- 10/2006
- Data as of
- 03/2022
- EIN
- 20-4677230
Organization Overview
The Let Be Foundation Inc is located in Chino, CA. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2022, Let Be Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Let Be Foundation Inc 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 03/2022, Let Be Foundation Inc generated $818.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $600.1k during the year ending 03/2022. While expenses have increased by 0.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ONGOING SUPPORT AND SERVICES TO FAMILIES OF CHILDREN DIAGNOSED WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES THROUGHOUT THE SICK CHILD'S TREATMENT, WITH A FOCUS ON THE ENTIRE FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ONGOING SUPPORT AND SERVICES TO FAMILIES OF CHILDREN WITH DIAGNOSED WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruthe Ann Rosen CEO | OfficerTrustee | 40 | $42,000 |
Michael Scott Rosen Chairman | OfficerTrustee | 20 | $0 |
Jessica Horsley Board Member | Trustee | 5 | $0 |
Toby Cornell Board Member | Trustee | 5 | $0 |
Christopher Zarp Board Member | Trustee | 5 | $0 |
Michael Konrad Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $783,662 |
| Related organizations | $0 |
| Government grants | $25,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,942 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $818,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $254,462 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation of current officers, directors, key employees. | $6,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,012 |
| Advertising and promotion | $0 |
| Office expenses | $29,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,093 |
| Interest | $2,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,864 |
| Insurance | $11,766 |
| All other expenses | $0 |
| Total functional expenses | $600,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,408 |
| Savings and temporary cash investments | $37,410 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,995 |
| Net Land, buildings, and equipment | $68,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $75,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $450,306 |
| Accounts payable and accrued expenses | $7,454 |
| Grants payable | $0 |
| Deferred revenue | $9,592 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,955 |
| Total liabilities | $27,001 |
| Net assets without donor restrictions | $423,305 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,306 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Let Be Foundation Inc has recieved totaling $153,741.
| Awarding Organization | Amount |
|---|---|
Henry L Guenther Foundation Seal Beach, CA PURPOSE: OVERALL SUSTAINABILITY OF THE YOUTH PROGRAM, AN EXPANSION OF YOUTH PROGRAM OFFERINGS THAT WILL INCREASE INTERACTIONS THE YOUTH HAVE WITH OUR FAMILIES. | $60,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: OVERALL SUSTAINABILITY OF THE YOUTH PROGRAM, AN EXPANSION OF YOUTH PROGRAM OFFERINGS THAT WILL INCREASE INTERACTIONS THE YOUTH HAVE WITH THEIR FAMILIES. | $60,000 |
Rite Aid Healthy Futures Camp Hill, PA PURPOSE: SUPPORT THE LOCAL HEALTH AND WELLNESS PROGRAM | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,588 |
Tillery Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Peer Organizations
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|---|---|---|
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Portable Practical Educational Preparation Inc Tucson, AZ | $20,477,573 | $94,704,086 |
Chicanos Por La Causa Inc Phoenix, AZ | $7,948,599,708 | $121,803,796 |
Sbcs Corporation Chula Vista, CA | $44,117,675 | $87,559,700 |
Bay Area Community Services Inc Oakland, CA | $30,842,402 | $71,014,541 |
United Movement Inc Las Vegas, NV | $7,228,928 | $63,347,968 |
Nevada H A N D Inc Las Vegas, NV | $197,568,857 | $83,930,370 |
Lift To Rise Palm Desert, CA | $10,036,798 | $56,799,508 |
Catholic Charities Of Santa Clara County San Jose, CA | $37,221,303 | $52,659,902 |
Farmlink Project Pacific Palisades, CA | $3,073,736 | $51,204,063 |
Arizonas Children Association Tucson, AZ | $18,515,748 | $50,621,725 |
Catholic Charities Of Los Angeles Los Angeles, CA | $401,651,832 | $56,844,483 |