Nonprofit · EIN 86-3316706
L40 FOUNDATION
Tax-exempt · LONGWOOD, FL 32750
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $56,628 | $50,125 | $6,503 | $6,503 | $0 | $6,503 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $56,628
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,579
- Salaries, compensation and benefits (total)
- $11,148
- Professional fundraising fees
- $0
- Accounting fees
- $2,208
- Travel
- $3,642
- Program services (functional)
- $38,977
- Management and general (functional)
- $11,148
Balance sheet and other
- Total assets, start of year
- $466
- Total assets, end of year
- $6,503
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,503
- Gross receipts
- $56,628
- Employees
- 2
- Year formed
- 2021
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DYLAN PALACIO | PRESIDENT Officer | 10 | $6,579 |
| KRISTINE LOVE KEYS | SECRETARY Officer | 30 | $4,000 |
| CHRISTOPHER PE | TREASURER Officer | 2 | $0 |
| JOHNNI DIJULIU | VICE PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 527 EASTPORT DR, LONGWOOD, FL 32750-2953
- Principal officer (990 for 2023)
- THE L40 FOUNDATION INC, 14357 BANYAN LANE, Rosemount, MN 55068
- Signed the 990
- KRISTINA LOVE KEYS, SECRETARY
- Phone
- (612) 512-8002
- Return prepared by
- H AND R BLOCK
Mission
TO REMOVE SOCIOECONOMIC BARRIERS BETWEEN KIDS AND ATHLETIC ACHIEVEMENT OPPORTUNITIES AND DEVELOPMENT
Program accomplishments
- TO REMOVE SOCIOECONOMIC BARRIERS BETWEEN KIDS AND ATHLETIC ACHIEVEMENT OPPORTUNITIES AND DEVELOPMENTExpenses $39,443 · grants $56,628
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3316706
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N12)
- Assets (IRS master file)
- $6,503
- Income (IRS master file)
- $56,628
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $56,628 | $50,125 | $6,503 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3316706).
Questions about L40 FOUNDATION
- What is the EIN of L40 FOUNDATION?
- The employer identification number (EIN) of L40 FOUNDATION is 86-3316706.
- Is L40 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to L40 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does L40 FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of L40 FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did L40 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of L40 FOUNDATION?
- The 990 for the year ended December 31, 2023 names THE L40 FOUNDATION INC.
- Who are the officers and directors of L40 FOUNDATION?
- The 990 for the year ended December 31, 2023 lists 4 people; 2 received compensation from the organization, the highest $6,579 (DYLAN PALACIO, PRESIDENT).
- How much revenue does L40 FOUNDATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $56,628, expenses of $50,125 and total assets of $6,503 at year end.
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