Tolani Lake Enterprises Inc
- Assets
- $480.6k
- Revenue
- $717.2k
- Investments
- $0.0
- Employees
- 30
- Location
- Winslow, AZ
- Founding
- 08/2001
- Data as of
- 06/2020
- EIN
- 86-0999543
Organization Overview
Tolani Lake Enterprises Inc is located in Winslow, AZ. The organization was established in 2001. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2020, Tolani Lake Enterprises Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tolani Lake Enterprises 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 06/2020, Tolani Lake Enterprises Inc generated $717.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $644.9k during the year ending 06/2020. While expenses have increased by 11.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TOLANI LAKE ENTERPRISES MISSION IS TO CULTIVATE HEALTHY, SAFE AND PROSPEROUS COMMUNITIES BY STRENGTHENING FOOD, WATER AND ECONOMIC SYSTEMS FOR OUR NATIVE COMMUNITIES IN THE LOWER LITTLE COLORADO RIVER VALLEY, EMPOWERING OUR YOUTH, AND PROMOTING NATIVE CULTURAL KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOLANI LAKE ENTERPRISES WAS GRANTED FUNDS TO BE USED FOR THE CONSTRUCTION OF SOLAR SYSTEMS AND OTHER VARIOUS PROJECTS TO ENHANCE THE SURROUNDING COMMUNITIES AND HELP THEM TO BECOME MORE SELF-SUSTAINING.
TOLANI LAKE ENTERPRISES WAS GRANTED FUNDS TO BE USED FOR THE CONSTRUCTION OF SOLAR SYSTEMS AND OTHER VARIOUS PROJECTS TO ENHANCE THE SURROUNDING COMMUNITIES AND HELP THEM TO BECOME MORE SELF-SUSTAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Edwards Vice President | Officer | 0 | $0 |
Vanessa Vandever Treasurer | Officer | 0 | $0 |
Garry Biakeddy President | Officer | 0 | $0 |
Jacques Seronde Secretary | Officer | 0 | $0 |
Byron Shorty Board Member | Trustee | 0 | $0 |
Joyce Skeet Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $601,220 |
| 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 | $717,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $146,750 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $185,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55,434 |
| Information technology | $3,659 |
| Royalties | $0 |
| Occupancy | $18,463 |
| Travel | $58,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,229 |
| Insurance | $6,383 |
| All other expenses | $0 |
| Total functional expenses | $644,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,534 |
| Savings and temporary cash investments | $988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,251 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $480,599 |
| Accounts payable and accrued expenses | $173,144 |
| 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 | $173,144 |
| 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 |
| Total liabilities and net assets/fund balances | $307,455 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tolani Lake Enterprises Inc has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
Flora Family Foundation Menlo Park, CA PURPOSE: GENERAL OPERATING EXPENSES | $100,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $75,000 |
Flora Family Foundation Menlo Park, CA PURPOSE: GENERAL OPERATING EXPENSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Manufacturing Technology Consulting Torrance, CA | $11,048,363 | $31,611,156 |
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |