The Lamelas Foundation Inc
- Assets
- $108.3k
- Revenue
- $16.9k
- Investments
- $107.2k
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- Data as of
- 12/2022
- EIN
- 86-1267341
Organization Overview
The Lamelas Foundation Inc is located in North Palm Beach, FL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamelas 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 12/2022, Lamelas Foundation Inc generated $16.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.6%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Lamelas Director, President | 0.5 | $0 | |
Peter Lamelas Director, Vp, Treasurer | 0.5 | $0 | |
Joseph Lamelas Director, Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,548 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,327 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $53,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,007 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,576 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $65,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $108,344 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Lamelas Foundation Inc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TURNING POINT USA PURPOSE: CHARITABLE | $50,000 |
A SAFE HAVEN FOR NEWBORNS PURPOSE: CHARITABLE | $5,000 |