Lime Foundation
- Assets
- $318.1k
- Revenue
- $558.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Santa Rosa, CA
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-2046585
Organization Overview
Lime Foundation is located in Santa Rosa, CA. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Lime Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lime 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, Lime Foundation generated $558.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $800.3k during the year ending 12/2023. 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
OUR MISSION IS TO PROVIDE EDUCATIONAL RESOURCES, MENTORSHIP, AND CAREER EXPLORATION IN ORDER TO DEVELOP SUSTAINABLE EMPOWERMENT AMONG OUR DIVERSE COMMUNITIES. THOSE SERVED BY THE LIME FOUNDATION WILL LEARN LIFE-CHANGING SKILLS TO HARNESS THEIR POTENTIAL IN MUSIC, PERFORMING ARTS, CONSTRUCTION CAREERS, TECHNOLOGY, AND HEALTH, ENCOURAGING ALL INDIVIDUALS TO INSPIRE THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXTGEN TRADES ACADEMY PROVIDES VOCATIONAL TRAINING AND WORKFORCE DEVELOPMENT TO UNDERREPRESENTED YOUTH, (AGES 16-24), VIA EDUCATION AND INTERACTION WITH INDUSTRY LEADERS AND EMPLOYERS IN 24 DIFFERENT CONSTRUCTION AND AGRICULTURE TRADES. TO HELP ENSURE THAT PROGRAM GRADUATES ARE WELL-EQUIPPED TO ENTER THE WORKFORCE AND BECOME SELF-SUFFICIENT, STUDENTS RECEIVE JOB PLACEMENT SERVICES AND 18-MONTHS OF ADDITIONAL CAREER SUPPORT. TURNER ARTS INITIATIVE BRINGS POSITIVE, STRUCTURED ACTIVITIES TO DISADVANTAGED YOUTH, GIVING THEM THE OPPORTUNITY TO LEARN TECHNOLOGY OR PLAY A MUSICAL INSTRUMENT GREAT ALTERNATIVES TO SUBSTANCE ABUSE, TEEN PREGNANCY, TRUANCY, LONELINESS, OBESITY, BULLYING, EXCLUSION, ETC. MOST IMPORTANTLY, THIS INITIATIVE USES MUSIC AND DANCE AS A POSITIVE, CONSTRUCTIVE MEANS OF EXPRESSION. IT FEATURES AN ACTIVITY CENTER AND A SUMMER AND AFTER-SCHOOL MENTORING AND TUTORING PROGRAM. SENIOR ACTIVITIES PROVIDES A VENUE FOR SENIORS TO REMAIN ACTIVE AND MAKE NEW FRIENDS. THIS PROGRAM PROMOTES HEALTHY EATING, EXERCISE THROUGH DANCE, BOWLING, HIKING AND MANY OTHER ACTIVITIES IN ORDER TO PREVENT OR REVERSE HEART DISEASE, DIABETES AND OBESITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Letitia Hanke Executive Dir. | OfficerTrustee | 55 | $73,059 |
Gloria Turner Director | Trustee | 0.5 | $0 |
Karen Grotte Secretary | Trustee | 1 | $0 |
Malia Anderson Vice President | Trustee | 1 | $0 |
Tina Chavez Director | Trustee | 0.5 | $0 |
Jennifer Guerra Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,336 |
| Total Program Service Revenue | $33,950 |
| Investment income | $277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $221,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,686 |
| 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 | $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 | $272,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,006 |
| Payroll taxes | $19,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,554 |
| Advertising and promotion | $0 |
| Office expenses | $12,249 |
| Information technology | $21,985 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,597 |
| All other expenses | $116,035 |
| Total functional expenses | $800,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,948 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,820 |
| Loans from Officers, Directors, or Controlling Persons | $26,087 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,790 |
| Net Land, buildings, and equipment | $16,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,068 |
| Accounts payable and accrued expenses | $17,414 |
| 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 | $505,739 |
| Other liabilities | $0 |
| Total liabilities | $523,153 |
| Net assets without donor restrictions | -$287,585 |
| Net assets with donor restrictions | $82,500 |
| 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 | $318,068 |