Lap Foundation Of North Carolina Inc
- Assets
- $199.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/2001
- Data as of
- 12/2017
- EIN
- 56-2142549
Organization Overview
Lap Foundation Of North Carolina Inc is located in Charlotte, NC. The organization was established in 2001. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lap Foundation Of North Carolina 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 12/2017, Lap Foundation Of North Carolina Inc generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (39.6%) each year. All expenses for the organization totaled $14.2k during the year ending 12/2017. 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
2017
Describe the Organization's Program Activity:
Part 3
IN 2017 THE FOUNDATION APPROVED A TOTAL OF $17,250 TO BE USED TO PAY FOR TREATMENT, COUNSELING AND OTHER ASSISTANCE FOR 11 BENEFICIARIES WHO MET FINANCIAL ELIGIBILITY AND POVERTY GUIDELINES WHO COULD NOT OTHERWISE HAVE AFFORDED THE NEEDED SERVICES. SPECIFICALLY, THE FOUNDATION BOARD APPROVED $6,400 IN THE FORM OF REVOLVING LOAN ASSISTANCE FOR ONE INDIVIDUAL, $9,850 IN THE FORM OF GRANTS FOR FOUR INDIVIDUALS, AND $1,000 TO PAY SCHOLARSHIP REGISTRATION FOR SIX INDIVIDUALS TO ATTEND A RECOVERY WEEKEND RETREAT EVENT. ONE NEW LOAN BECAME ACTIVE IN 2017, AND THE FOUNDATION CURRENTLY HAS TWO ACTIVE OUTSTANDING LOANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry W Jernigan President | 10 | $0 | |
Reid Acree Jr Vice President | 10 | $0 | |
Lanee Borsman Secretary | 10 | $0 | |
Jodi P Zbinden Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,223 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $52 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,275 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,876 |
| Total expenses | $14,170 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $184,736 |
| Other assets | $0 |
| Total assets | $199,777 |
| Total liabilities | $0 |
| Net assets or fund balances | $199,777 |