Scotty Lapp Foundation
- Assets
- $257.6k
- Revenue
- $312.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympic Valley, CA
- Founding
- Data as of
- 12/2022
- EIN
- 88-2165982
Organization Overview
Scotty Lapp Foundation is located in Olympic Valley, CA. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scotty Lapp Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SCOTTY LAPP FOUNDATION IS DEDICATED TO EMPOWERING YOUTH BY MAKING SKI, SNOWBOARD AND SKATE MORE ACCESSIBLE TO UNDERSERVED COMMUNITIES AND ASSISTING ATHLETES IN REACHING THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY (CURRENT) ACTIVITY IS RAISING MONEY TO BUILD COMMUNITY RECREATIONAL RESOURCES FOR YOUTH. OUR CURRENT PROJECT IS THE CREATION OF MEMORIAL SKATEPARK IN NORTH LAKE TAHOE COMMUNITY IN CALIFORNIA. THIS PROJECT IS DESIGNED TO SUPPORT THE CREATION, DESIGN, AND BUILDING OF A PUBLIC RECREATIONAL FACILITY FOR SKATEBOARDING. THE ACTIVITY INVOLVES COUNTY AND CITY STAFF, DESIGNERS, BUILDERS, LAWYERS, MARKETING TEAMS, ACCOUNTANTS, AND OTHER RESOURCES TO CONTRIBUTE TO ITS COMPLETION. THE PRIMARY LOCATION FOR THIS PROJECT IS TAHOE CITY, CA. 75 PERCENT OF OUR FIRST-YEAR ACTIVITIES ARE CURRENTLY FOCUSED ON THE SUCCESS OF THIS PROJECT. THIS PROJECT (AND FUTURE SIMILAR PROJECTS) WILL BE FUNDED BY DONATIONS TO THE FOUNDATION AND COMPRISE SEVENTY TO EIGHTY PERCENT OF OUR OVERALL EXPENSES. THIS ACTIVITY REQUIRES EXEMPT STATUS TO ENSURE THAT DONATIONS ARE NOT TAXED AND THAT EVERY DOLLAR OF REVENUE CAN BE PUT INTO THE CREATION OF THE SKATEPARK. FURTHER, EXEMPT STATUS MAKES IT POSSIBLE TO OBTAIN THE DONATIONS THAT ARE REQUIRED TO FUND THE PROJECT SO THAT WE CAN PROVIDE YOUTH RECREATIONAL RESOURCES FOR THE COMMUNITY.
THE SECOND (PLANNED) ACTIVITY IS PROVIDING ATHLETES AND ARTISTS WITH SCHOLARSHIPS TO SUPPORT THEM TO EXCEL AND CONTINUE TO PARTICIPATE IN RELATED SPORTS AND PROGRAMS. THE FOUNDATION EXECUTIVE COMMITTEE ALONG WITH THE SUPPORT OF VOLUNTEERS WILL RUN THIS ACTIVITY. THIS CAN BE A CITY, REGION, STATE OR NATIONAL LEVEL ACTIVITY. TEN PERCENT OF OUR TIME WILL BE ALLOCATED TO THIS ACTIVITY. THIS ACTIVITY IS FUNDED THROUGH DONATIONS TO THE FOUNDATION AND TEN TO FIFTEEN PERCENT OF OUR OVERALL EXPENSES WILL BE ALLOCATED TO THIS ACTIVITY. THIS ACTIVITY REQUIRES EXEMPT STATUS TO ENSURE DONATIONS ARE NOT TAXED AND THAT EVERY DOLLAR GOES TOWARDS OUR MISSION OF PROVIDING FINANCIAL RESOURCES AND SCHOLARSHIPS TO YOUTH AND THE COMMUNITY.
THE THIRD (PLANNED) ACTIVITY IS PROVIDING FINANCIAL SUPPORT TO ORGANIZATIONS FOCUSED ON YOUTH SPORTS AND ARTS THAT ALIGN WITH OUR MISSION AND VALUES AS A FOUNDATION. THE FOUNDATION EXECUTIVE COMMITTEE ALONG WITH THE SUPPORT OF VOLUNTEERS WILL RUN THIS ACTIVITY. THIS CAN BE A CITY, REGION, STATE OR NATIONAL LEVEL ACTIVITY. TEN PERCENT OF OUR TIME WILL BE ALLOCATED TO THIS ACTIVITY. THIS ACTIVITY IS FUNDED THROUGH DONATIONS TO THE FOUNDATION AND TEN TO FIFTEEN PERCENT OF OUR OVERALL EXPENSES WILL BE ALLOCATED TO THIS ACTIVITY. THIS ACTIVITY REQUIRES EXEMPT STATUS TO ENSURE DONATIONS ARE NOT TAXED AND THAT EVERY DOLLAR GOES TOWARDS OUR MISSION OF PROVIDING FINANCIAL RESOURCES TO YOUTH AND THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
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 | $268,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,279 |
| Total Program Service Revenue | $40,104 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,171 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,541 |
| Advertising and promotion | $4,639 |
| Office expenses | $204 |
| Information technology | $146 |
| 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 | $1,310 |
| All other expenses | $0 |
| Total functional expenses | $55,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,367 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $5,231 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,598 |
| 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 | $257,598 |
| Total liabilities and net assets/fund balances | $257,598 |