Lulus Place Inc
- Assets
- $29.5m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-4368221
Organization Overview
Lulus Place Inc is located in San Diego, CA. The organization was established in 2020. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lulus Place 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 12/2022, Lulus Place Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OWN AND OPERATE A MULTI-SPORT AND LEARNING CENTER CAMPUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTI-SPORT AND LEARNING CENTER PLANNING, SITE DEVELOPMENT AND CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Kimmelman Board Chair & President | OfficerTrustee | 8 | $0 |
Anne Kimmelman Director | Trustee | 3 | $0 |
Robert Kimmelman VP & Treasurer | OfficerTrustee | 0.5 | $0 |
Thomas Kimmelman Director | Trustee | 0.5 | $0 |
Kenneth Bentley Director | Trustee | 0.5 | $0 |
Michael Dowse Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lpc Lincoln Property Company Real Estate | 12/30/22 | $805,321 |
Rios Engineering | 12/30/22 | $1,121,656 |
Guida Surveying | 12/30/22 | $129,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,437,235 |
| Noncash contributions included in lines 1a–1f | $1,735,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,437,235 |
| Total Program Service Revenue | $0 |
| Investment income | $132,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$734,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,835,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,855 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,023,762 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $81,004 |
| Total functional expenses | $1,225,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,689,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,620,302 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,779,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,453,588 |
| Total assets | $29,542,024 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,542,024 |
| Total liabilities and net assets/fund balances | $29,542,024 |
Grants Awarded
Over the last fiscal year, Lulus Place Inc has awarded $110,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES DODGERS FOUNDATION PURPOSE: TO PROVIDE SUPPORT TO CHARITABLE ENTITY | $25,000 |
USTA NATIONAL TENNIS CENTER PURPOSE: TO PROVIDE SUPPORT TO CHARITABLE ENTITY | $23,000 |
TGR FOUNDATION PURPOSE: TO PROVIDE SUPPORT TO CHARITABLE ENTITY | $50,000 |
THE MILKEN INSTITUTE PURPOSE: TO PROVIDE SUPPORT TO CHARITABLE ENTITY | $12,500 |