Lokai Foundation Inc
- Assets
- $320.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-3048936
Organization Overview
Lokai Foundation Inc is located in Bryn Mawr, PA. The organization was established in 2017. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lokai 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, Lokai Foundation Inc generated $3.0k 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 (9.6%) each year. All expenses for the organization totaled $3.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
RAISED MONEY TO PAY FOR THE SERVICES OF RESIDENTS LIVING NEAR MOUNT EVEREST TO CLIMB THE MOUNTAIN, COLLECT TRASH, AND BRING IT DOWN THE MOUNTAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Izen Director And CEO | 2.5 | $0 | |
Mark Izen Director | 0.75 | $0 | |
Cody Levine Director | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| 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 | $3,000 |
| 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 | $3,454 |
| Total expenses | $3,454 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $320 |
| Other assets | $0 |
| Total assets | $320 |
| Total liabilities | $4,050 |
| Net assets or fund balances | -$3,730 |
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