The Lotta Foundation Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-2142454
Organization Overview
The Lotta Foundation Inc is located in Huntersville, NC. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotta 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 12/2021, Lotta Foundation Inc generated $1.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.0%) each year. All expenses for the organization totaled $807.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (62.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NO NOTEWORTHY ACCOMPLISHMENTS IN 2021.THE BOARD OF DIRECTORS DECIDED TO DISSOLVE THE ORGANIZATION DUE TO COVID-19 AND ITS NEGATIVE IMPACT ON THE ABILITY TO DELIVER ON THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Bartolotta Vice-Chairperson | 2 | $0 | |
Mike Ferretti Director | 2 | $0 | |
Justin Werbiskis Director | 2 | $0 | |
Ty Niblack Treasurer | 2 | $0 | |
Vickie Stevens Secretary | 2 | $0 | |
Erika Erlenbach Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,379 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,379 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $167 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $90 |
| Total expenses | $807 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Lotta Foundation Inc has recieved totaling $2,998.
| Awarding Organization | Amount |
|---|---|
The Cain Family Foundation Cornelius, NC PURPOSE: POVERTY RELIEF | $2,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Westside Future Fund Atlanta, GA | $55,374,938 | $4,466,187 |
Hartwood Foundation Inc Fairfax, VA | $10,472,777 | $9,719,871 |
Greensboro Urban Ministry Greensboro, NC | $9,704,023 | $8,817,068 |
P3 Foundation Inc Charlotte, NC | $75,107,588 | $5,131,940 |
Fulton-Atlanta Community Action Authority Inc Atlanta, GA | $1,160,189 | $9,503,293 |
Family Resource Agency Inc Cleveland, TN | $3,123,531 | $9,293,392 |
Franklin Vance Warren Opportunity Henderson, NC | $4,057,269 | $9,956,290 |
Olivet Medical Ministry Inc Yorktown, VA | $5,086,470 | $8,947,962 |
T3 Labs Atlanta, GA | $9,085,833 | $8,566,316 |
Housing Preservation Inc Memphis, TN | $40,176,409 | $5,595,751 |
Union County Community Action Inc Monroe, NC | $2,766,376 | $8,366,700 |