Lokre Foundation
- Assets
- $99.7k
- Revenue
- $80.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Flower Mound, TX
- Founding
- Data as of
- 12/2023
- EIN
- 88-1447384
Organization Overview
Lokre Foundation is located in Flower Mound, TX. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lokre 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 12/2023, Lokre Foundation generated $80.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.4% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL ASSISTANCE TO STUDENTS PURSUING CAREERS IN COMPUTER AND IT RELATED FIELDS. DONATIONS WERE COLLECTED IN 2022. SCHOLARSHIP AWARDS BEGAN IN 2023.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,777 |
| Interest on Savings | $518 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $700 |
| Total operating and administrative expenses | $1,200 |
| Contributions, gifts, grants paid | $30,457 |
| Total expenses and disbursements | $31,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,662 |
| 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 | $99,662 |
| 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, Lokre Foundation has awarded $30,457 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHINMAYA MISSION PURPOSE: RELIGIOUS AND CULTURAL EDUCATION | $12,500 |
HINDU TEMPLE OF KANSAS CITY PURPOSE: RELIGIOUS | $10,000 |
IT BOMBAY HERITAGE FOUNDATION PURPOSE: EDUCATION | $1,750 |
MAHARASHTRA MANDAL OF KANSAS CITY PURPOSE: RELIGIOUS | $2,000 |
SANGAM PURPOSE: AIDING WOMEN IN STEM AND LEADERSHIP | $500 |
MUFFIN FUND PURPOSE: AIDING CHILDREN IN NEED | $500 |