Let Them Lol
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Buffalo, NY
- Founding
- 11/2011
- Data as of
- 12/2023
- EIN
- 27-4826987
Organization Overview
Let Them Lol is located in Buffalo, NY. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Let Them Lol employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Let Them Lol 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 12/2023, Let Them Lol generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANY PEOPLE IN THE WORLD TODAY EXPERIENCE UNJUST SUFFERING ONLY BECAUSE THEY LACK THE BASIC RESOURCES TO EMBRACE A BETTER FUTURE. WE EXIST TO EMPOWER COMMUNITIES THROUGH SUSTAINABLE DEVELOPMENT. WE ARE A GRASSROOTS ORGANIZATION; SCHOOLS, FAMILIES, CHURCHES, AND INDIVIDUALS UNITED TOGETHER TO BRING HOPE THROUGH CLEAN WATER. WE LOOK FORWARD TO BRINGING HOPE TO THE PEOPLE OF SIERRA LEONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CLEAN WATER TO THE PEOPLE OF SIERRA LEONE BY DRILLING FRESH WATER WELLS FOR THE PEOPLE TO HAVE ACCESS TOO.
FUND MISSION TRIPS FOR VOLUNTEERS AND CONTRIBUTORS FOR DAILY OPERATIONS IN SIERRA LEONE. HOPE RISING BUFFALO IS A NEW ENDEAVOUR THE ORGANIZATION HAS STARTED TO RENOVATE THE KELLOGG SILOS INTO A COMMUNITY CENTER. IT WILL ALSO BE THE INTERNATIONAL HEADQUARTERS OF HOPE RISING TOGETHER WHICH SENDS MEALS TO SIERRA LEONE.
PROVIDE CARE TO 40+ CHILDREN INCLUDING A DORMITORY FOR VULNERABLE GIRLS AS WELL AS EDUCATION TO 609 IMPOVERISHED CHILDREN AT OUR SCHOOL, HOPE RISING ACADEMY. WE HAVE A WELL-MAINTENANCE TEAM PROVIDING JOB TRAINING AND EMPOWERMENT AS WELL AS NUTRITIOUS FOOD FOR THE CHILDREN WE CARE FOR. WE HAVE A MEDICAL FACILITY, BAKERY, COMMUNITY CENTER/INTERNET CAFE, AND OFFICES.
FUND BUILDING PROJECTS FOR CHILDREN'S HOMES AND SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Vacanti President | OfficerTrustee | 32 | $65,000 |
Joseph Vacanti Treasurer/se | OfficerTrustee | 2 | $0 |
Jenna Goldsmith Director | OfficerTrustee | 2 | $0 |
Donald Arnts Director | Trustee | 2 | $0 |
Robert Anstey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $897,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $897,123 |
| Total Program Service Revenue | $8,861 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $141,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,487 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,056,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $158,160 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $9,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,246 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,261 |
| Advertising and promotion | $2,641 |
| Office expenses | $8,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,478 |
| Travel | $17,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455 |
| Interest | $104,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $366,835 |
| Insurance | $1,308 |
| All other expenses | $5,943 |
| Total functional expenses | $1,037,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,647 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,054,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,369 |
| Other assets | $0 |
| Total assets | $3,151,147 |
| Accounts payable and accrued expenses | $162,983 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,782,896 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,033 |
| Total liabilities | $1,946,912 |
| Net assets without donor restrictions | $1,204,235 |
| 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 | $3,151,147 |