The Lilabean Foundation Inc
- Assets
- $433.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Silver Spring, MD
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 45-4877388
Organization Overview
The Lilabean Foundation Inc is located in Silver Spring, MD. The organization was established in 2013. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2022, Lilabean Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lilabean 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 12/2022, Lilabean Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $896.5k during the year ending 12/2022. While expenses have increased by 22.0% 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
THE ORGANIZATION WAS FOUNDED TO HELP SAVE THE LIVES OF THE 4,000 CHILDREN A YEAR WHO ARE DIAGNOSED WITH PEDIATRIC BRAIN CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO FUND RESEARCH FOR PEDIATRIC BRAIN CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Giroux Executive Director | OfficerTrustee | 40 | $80,000 |
Brian Rood Director | Trustee | 1 | $0 |
Nick Desarno Director | Trustee | 1 | $0 |
Kyley Mcgeeney Director | Trustee | 1 | $0 |
Kevin Rowe Director | Trustee | 1 | $0 |
Jessica Colburn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $645,492 |
| Related organizations | $0 |
| Government grants | $26,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,833 |
| Noncash contributions included in lines 1a–1f | $90,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,297 |
| Total Program Service Revenue | $0 |
| Investment income | $268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$62 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,031,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $551,230 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $552 |
| Payroll taxes | $12,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,950 |
| Advertising and promotion | $37,897 |
| Office expenses | $38,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $737 |
| Insurance | $3,348 |
| All other expenses | $0 |
| Total functional expenses | $896,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,348 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,376 |
| Accounts payable and accrued expenses | $13,366 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,366 |
| Net assets without donor restrictions | $420,010 |
| 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 | $433,376 |
Grants Awarded
Over the last fiscal year, The Lilabean Foundation Inc has awarded $537,578 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS NATIONAL MEDICAL CENTER PURPOSE: Research | $251,578 |
CHILDRENS HOSPITAL OF PHILADELPHIA PURPOSE: Covid family relief | $286,000 |