Lakota Foundation Inc
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 83-0367530
Organization Overview
Lakota Foundation Inc is located in St Petersburg, FL. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Lakota 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 12/2023, Lakota Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 72.7% each year . All expenses for the organization totaled $66.5k during the year ending 12/2023. While expenses have increased by 19.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION GRANTS MADE TO QUALIFYING STUDENTS ALL INCLUDED IN ATTACHED LIST OF RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Brine Director | 2 | $0 | |
Karen S Brine Director | 1 | $0 | |
Erik A Brine Director | 0 | $0 | |
Peter H Brine Director | 0 | $0 | |
Treacy B Liebich Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,740,988 |
| Capital Gain Net Income | $1,740,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,744,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $20 |
| Taxes | $19,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $24,737 |
| Contributions, gifts, grants paid | $41,745 |
| Total expenses and disbursements | $66,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,706,251 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,500 |
| Total assets | $1,707,751 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,827 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,827 |
Grants Awarded
Over the last fiscal year, Lakota Foundation Inc has awarded $41,745 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JOEL GRIFFITH-LATHAM PURPOSE: EDUCATION EXPENSES | $2,500 |
UNIVERSITY OF DENVER PURPOSE: EDUCATION EXPENSES | $7,245 |
FIRST TEE OF ST PETERSBURG PURPOSE: ORGANIZATIONS PROGRAMS | $2,000 |
HOLY SPIRIT SCHOOL PURPOSE: SCHOOL RELATED PROGRAMS | $25,000 |
ELWYN FOUNDATION PURPOSE: BEHAVIORAL HEALTH | $5,000 |