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Nonprofiteer
← LULUS PLACE INC

Form 990 for tax year 2023

Filed by LULUS PLACE INC.

Totals

Total revenue
$21,127,998
Total expenses
$451,350
Contributions and grants received
$19,602,672
Grants paid
$114,873
Program service revenue
$0
Investment income
$1,541,742
Other revenue
-$16,416
Total assets, end of year
$52,046,132
Total liabilities, end of year
$192,317
Net assets or fund balances, end of year
$51,853,815
Program services expenses (Part IX)
$114,873
Management and general expenses
$187,409
Fundraising expenses
$149,068
Program service expenses (Part III)
$114,873

Program services were 25.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $19,602,672

  • 1g · Noncash contributions included above

    $7,137,047

  • 3 · Investment income

    total $649,222 · excluded $649,222

  • 7a · Gross sales of assets other than inventory

    securities $17,962,145

  • 7b · Less cost or other basis and sales expenses

    securities $17,069,625

  • 7c · Gain or loss

    securities $892,520

  • 7d · Net gain or loss

    total $892,520 · excluded $892,520

  • 11a · Other revenue: FROM K-1 - ASSAY PLUS FUND, LP

    total -$16,416 · excluded -$16,416

  • 11e · Other revenue, total

    -$16,416

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $114,873 · program services $114,873

  • 11e · Fees: professional fundraising services

    total $2,547 · fundraising $2,547

  • 11g · Fees: other

    total $146,521 · fundraising $146,521

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $187,409 · management and general $187,409

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,689,024 · end of year $14,434,997

  • 3 · Pledges and grants receivable

    beginning of year $4,620,302 · end of year $3,184,868

  • 11 · Investments: publicly traded securities

    beginning of year $8,779,110 · end of year $26,922,206

  • 15 · Other assets

    beginning of year $2,453,588 · end of year $7,504,061

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $192,317

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,542,024 · end of year $51,853,815

Mission and programs · 2023

Mission

OWN AND OPERATE A MULTI-SPORT AND LEARNING CENTER CAMPUS FOR THE GENERAL PUBLIC THAT PROVIDES PROGRAMS TO THE LOW-INCOME AND UNDER-REPRESENTED YOUTH AND FAMILIES IN AND AROUND LOS ANGELES, CALIFORNIA.

Activities or mission (Part I)

OWN AND OPERATE A MULTI-SPORT AND LEARNING CENTER CAMPUS

  • MULTI-SPORT AND LEARNING CENTER PLANNING, SITE DEVELOPMENT AND CONSTRUCTION.

    Expenses $114,873 · Grants $114,873 · Revenue $21,127,999

As filed on the 2023 return.

Listed in Part VII

  • Douglas Kimmelman

    BOARD CHAIR & PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Michael McKee

    BOARD VICE CHAIR & VP

    Total calculated
    $0
    Hours/week
    30

  • Robert Kimmelman

    VP & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karina Hamilton

    VP & ASST. SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Martin Blackman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth Bentley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Faber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Anne Kimmelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kimmelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scottie Kimmelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jin Thatcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Winward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rosanne Migliorino

    VP & SECRETARY

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349301761

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