Laps For Lexi
- Assets
- $21.5k
- Revenue
- $183.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-2160960
Organization Overview
Laps For Lexi is located in Silver Spring, MD. The organization was established in 2013. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laps For Lexi 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 12/2021, Laps For Lexi generated $183.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $178.5k during the year ending 12/2021. While expenses have increased by 4.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH EVENT BASED FUND-RAISING, WE SPONSOR PEDIATRIC CANCER RESEARCH AND PROVIDE EDUCATIONAL SCHOLARSHIPS ON A NEED-BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH EVENT-BASED FUNDRAISING, WE SPONSOR PEDIATRIC CANCER RESEARCH AND PROVIDE EDUCATIONAL SCHOLARSHIP ON A NEED-BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Speight Execetive Director | OfficerTrustee | 8 | $0 |
Samantha Speight Board Member | OfficerTrustee | 1 | $0 |
Brandon Wilson Board Treasurer | OfficerTrustee | 3 | $0 |
Petr Speight Vice President | OfficerTrustee | 2 | $0 |
Katherine Barry Secretary | OfficerTrustee | 3 | $0 |
Michael Vagnucci Board Member | Trustee | 1 | $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 | $183,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,087 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $168,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $178,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,543 |
| 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 | $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 | $21,543 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $21,543 |
| Total liabilities and net assets/fund balances | $21,543 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Laps For Lexi has recieved totaling $10,624.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of California San Francisco, CA PURPOSE: 2021 CONTRIBUTION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Inn At Nih Inc Bethesda, MD | $60,358,506 | $17,146,929 |
Ronald Mcdonald House Charities Of The Philadelphia Region Philadelphia, PA | $48,421,260 | $10,371,163 |
Make-A-Wish Foundation Of Greater Pennsylvania And West Virginia Inc Pittsburgh, PA | $11,942,873 | $9,531,813 |
Make-A-Wish Foundation Of The Mid-Atlantic Inc Bethesda, MD | $5,550,029 | $5,617,599 |
Growth Opportunity Center Inc Southampton, PA | $956,433 | $4,331,069 |
Ronald Mcdonald House Charities Of Greater Washington Dc Inc Falls Church, VA | $23,518,081 | $3,394,943 |
Family House Inc Pittsburgh, PA | $46,884,709 | $18,369,826 |
Make A Wish Foundation Of Philadelphia Delware & Sus Valley Blue Bell, PA | $3,956,221 | $4,070,559 |
Hospital Hospitality House Of Richmond Inc Richmond, VA | $19,495,218 | $3,888,827 |
Ronald Mcdonald House Of Delaware Inc Wilmington, DE | $15,618,553 | $3,697,335 |
Luke S Wings Inc Washington, DC | $1,967,630 | $2,389,071 |
7th & Marshall Corporation Richmond, VA | $5,028,760 | $2,506,731 |