L3 Foundation
- Assets
- $425.2k
- Revenue
- $103.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Porter, TX
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-5510008
Organization Overview
L3 Foundation is located in Porter, TX. The organization was established in 2015. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L3 Foundation 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, L3 Foundation generated $103.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $27.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. 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
THE L3 FOUNDATION IS DEDICATED TO RAISING AWARENESS OF CHILDHOOD CANCER, PROVIDING FINANCIAL SUPPORT FOR MEDICAL RESEARCH DEDICATED TO FINDING A CURE FOR CHILDHOOD CANCERS, AND PROVIDING ASSISTANCE TO FAMILIES WHO HAVE BEEN AFFECTED BY CHILDHOOD CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BRING AWARENESS TO CHILDHOOD CANCER AND PROVIDE FINANCIAL ASSISTANCE TO ELIGIBLE ORGANIZATIONS IN AN EFFORT TO ASSIST WITH RESEARCH FOR NEW TREATMENTS TO HELP CHILDREN SUFFERING FROM CANCER. IN ADDITION, WE PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUAL FAMILIES WHO HAVE BEEN AFFECTED BY A DIAGNOSIS OF CHILDHOOD CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Ahrendt President | Officer | 10 | $0 |
Jaymi Ahrendt Vice President | Officer | 8 | $0 |
Heather Barclay Treasurer | Officer | 6 | $0 |
William Miles Kenny Marketing Director | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,382 |
| 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 | $7,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $2,448 |
| Total functional expenses | $27,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,223 |
| 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 | $425,223 |
| 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 | $425,223 |
| 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 | $425,223 |
Grants Awarded
Over the last fiscal year, L3 Foundation has awarded $262,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SANFORD HEALTH FOUNDATION PURPOSE: Contribute to the Pediatric Oncology Fund at Sanford Health Foundation whose purpose is to conduct medical research on childhood cancer treatments. | $250,000 |
SANFORD HEALTH FOUNDATION PURPOSE: Supporting Children's Miracle Network to help purchase the latest equipment, ensure the availability or critical non-billed services, like Child Life, that help children and their families cope with the stress brought about by injury, illness or hospitalization, and assist families with necessities like meals, travel, and lodging. | $12,000 |