Lobaki Foundation

Organization Overview

Lobaki Foundation is located in Jackson, MS. The organization was established in 2017. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lobaki 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 12/2021, Lobaki Foundation generated $795.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $808.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRANSFORMING LIVES, INDUSTRIES, AND REALITIES THROUGH IMMERSIVE TECHNOLOGIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING VIRTUAL REALITY SETTINGS FOR VARIOUS AREAS OF EDUCATION TO ENHANCE THE LEARNING EXPERIENCE IN LOW INCOME AREAS.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Donovan
Board Member
$7,000
Josiah Jordan
Vice President
$0
Amber Coeur
CEO
$0
Vincent P Jordan
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $795,808
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$795,808
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 $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $795,808

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