Civic Intelligence

Lolly'S Locks

EIN 46-1029930 • 501(c)3 • Bethesda, MD

Profile

The mission of the organization is to connect high-quality wigs with cancer patients who are suffering hair loss as an effect of chemotherapy, and who are unable to afford them.

7815 Woodmont Avenue - Lower LevelBethesda, MD 20814

www.lollyslocks.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.24x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

58th percentile

6.0%

Higher net margin than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

37th percentile

-11%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$20,588

Down $2,549 (-11%) from 2017

Liabilities

Down

$25,579

Down $16,378 (-39%) from 2017

Net Assets

Up

-$4,991

Up $13,829 (+73%) from 2017

Revenue

Up

$231,436

Up $36,814 (+19%) from 2017

Expenses

Down

$217,607

Down $8,236 (-3.6%) from 2017

Net Income

Up

$13,829

Up $45,050 (+144%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50KAssets 2013: $118,546Liabilities 2013: $9,973Net Assets 2013: $108,5732013Assets 2014: $111,736Liabilities 2014: $15,314Net Assets 2014: $96,4222014Assets 2015: $37,531Liabilities 2015: $22,044Net Assets 2015: $15,4872015Assets 2016: $33,993Liabilities 2016: $21,592Net Assets 2016: $12,4012016Assets 2017: $23,137Liabilities 2017: $41,957Net Assets 2017: -$18,8202017Assets 2018: $20,588Liabilities 2018: $25,579Net Assets 2018: -$4,9912018

Highlighted filing

2018

Assets$20,588
Liabilities$25,579
Net Assets-$4,991

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $178,470Expenses 2013: $69,897Net Income 2013: $108,5732013Revenue 2014: $283,947Expenses 2014: $296,098Net Income 2014: -$12,1512014Revenue 2015: $366,336Expenses 2015: $447,271Net Income 2015: -$80,9352015Revenue 2016: $310,120Expenses 2016: $313,206Net Income 2016: -$3,0862016Revenue 2017: $194,622Expenses 2017: $225,843Net Income 2017: -$31,2212017Revenue 2018: $231,436Expenses 2018: $217,607Net Income 2018: $13,8292018

Highlighted filing

2018

Revenue$231,436
Expenses$217,607
Net Income$13,829

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 14, 2019
Return Version
2017v2.3
Gross Receipts
$270,944
Mission and Program Overview

Mission

The mission of the organization is to connect high-quality wigs with cancer patients who are suffering hair loss as an effect of chemotherapy, and who are unable to afford them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,059$16,523▼ $2,536
Prepaid Expenses and Deferred Charges$3,359$3,825▲ $466
Land, Buildings, and Equipment, Net$719$240▼ $479
Total Assets$23,137$20,588▼ $2,549
Liabilities
Accounts Payable and Accrued Expenses$41,957$25,579▼ $16,378
Total Liabilities$41,957$25,579▼ $16,378
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,965$0▼ $4,965
Unrestricted Net Assets$-23,785$-4,991▲ $18,794
Total Net Assets Fund Balance$-18,820$-4,991▲ $13,829
Total Liabilities and Net Assets / Fund Balance$23,137$20,588▼ $2,549

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$20,000$20,000
Equipment$240$1,687$1,927
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jaimie WrightPresident and Executive DiFT$66,456$66,456

Board Members and Trustees

NameTitle
Frank HartMember
Michelle FeldMember
Sevy EmanuelMember - Resigned August 2017
Michelle SchoenfeldMember - Resigned June 2018
Carla AndrewsSecretary
Steven J TollTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$231,218
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$218
All Other Contributions
$112,456
Change in Net Assets
$13,829

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table27$10,911Fair Market Value (FMV)
Other Non Cash Contri Table21$4,159Fair Market Value (FMV)
Other Non Cash Contri Table29$4,038Fair Market Value (FMV)
Other Non Cash Contri Table12$2,469Fair Market Value (FMV)
Other Non Cash Contri Table9$1,912Fair Market Value (FMV)
Other Non Cash Contri Table12$1,661Fair Market Value (FMV)
Works of Art5$815Fair Market Value (FMV)
Other Non Cash Contri Table4$600Fair Market Value (FMV)
Collectibles6$550Fair Market Value (FMV)
Total Noncash Contributions125$27,115-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$150,025
Other Expenses$67,582
Total Fundraising Expense$42,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$46,625-$33,375$80,000
Other Salaries and Wages$48,160$5,340-$53,500
Fees for Services Accounting-$21,821-$21,821
Office Expenses$46$8,554$1,307$9,907
Payroll Taxes$6,539$368$2,302$9,209
Other Employee Benefits$5,194$293$1,829$7,316
Depreciation Depletion$340$19$120$479
Other Expenses$31,198$48$302$350
Conferences and Meetings--$267$267
Information Technology-$35$219$254
Advertising--$10$10
Total Functional Expenses$138,102$36,998$42,507$217,607
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$39,508
Fundraising Gross Income$39,508
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Events$158,270$39,508$32,729$6,779
Total Events$158,270$39,508$39,508$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The treasurer and member of the board is the stepfather of the executive director and president of the board.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the executive director and provided to all board of directors before filing.

Form 990, Part VI, Section B, Line 12C

The organization requires on an annual basis, all individuals including board members,committee members,task forces and key employees to complete and sign an acknowledgement and disclosure form.

Form 990, Part VI, Section B, Line 15

The board has adopted a compensation policy, which requires an impartial decision maker review of compensation arrgangement. Also an analysis of comparability data to demonstrate the fair market value of the compensation in question and concurrent documentation of the terms of the compensation, comparability data, and process for approval of the compensation by the baord of trustees.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial documents available upon request.

Filing and Contact Details

Filer

Filer Name
LOLLY'S LOCKS
EIN
46-1029930
Phone
2404281984
Address
7815 WOODMONT AVENUE - LOWER LEVEL, BETHESDA, MD 20814

Signing Officer

Name
Jaime Wright
Title
President
Phone
2404281984
Signed
2019-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaime Wright
Formed
2012
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
Councilor Buchanan & Mitchell Pc
Address
7910 WOODMONT AVE STE 500, BETHESDA, MD 20814
Preparer
Patricia Drolet
Phone
3019860600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or selection since prior year.

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0WIGS: TO PROVIDE HIGH -QUALITY WIGS TO ECONOMICALLY DISADVANTAGED CANCER PATIENTS SUFFERING HAIR LOSS A SIDE-EFFECT TO CHEMOTHERAPY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER - RESIGNED JUNE 2018
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01382628
IRS990ScheduleA/TotalSupportAmt01386461
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IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0240
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt032729
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/CollectiblesGrp/ContributionCnt06
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IRS990ScheduleM/CollectiblesGrp/NonCashCheckboxInd0X
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt027
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt229
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt312
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt49
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt512
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt64
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0VACATION/TRIPS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1FOOD AND DRINKS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2COSMETIC PRODUCTS/SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3TICKETS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc4CLOTHES/JEWELERY
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc5SPA/WORKOUT PACKAGES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc6ITEMS FOR CHILDREN
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt4FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt5FMV
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IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
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IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd3X
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION USES THE THIRD-PARTY COMPANY "AUCTIONS BY CELLULAR" TO MANAGE THE AUCTION EVENTS. THE SERVICES THEY PROVIDE INCLUDE: DATA ENTRY FOR ALL AUCTION ITEMS, ON-SITE AUCTION MANAGEMENT, MERCHANT PROCESSING AND CHECKOUT FOR ALL WINNING AUCTION ITEMS AND DONATION PAYMENTS, AND DETAILED AUCTION CLOSEOUT REPORTS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER AND MEMBER OF THE BOARD IS THE STEPFATHER OF THE EXECUTIVE DIRECTOR AND PRESIDENT OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND PROVIDED TO ALL BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES ON AN ANNUAL BASIS, ALL INDIVIDUALS INCLUDING BOARD MEMBERS,COMMITTEE MEMBERS,TASK FORCES AND KEY EMPLOYEES TO COMPLETE AND SIGN AN ACKNOWLEDGEMENT AND DISCLOSURE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS ADOPTED A COMPENSATION POLICY, WHICH REQUIRES AN IMPARTIAL DECISION MAKER REVIEW OF COMPENSATION ARRGANGEMENT. ALSO AN ANALYSIS OF COMPARABILITY DATA TO DEMONSTRATE THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION AND CONCURRENT DOCUMENTATION OF THE TERMS OF THE COMPENSATION, COMPARABILITY DATA, AND PROCESS FOR APPROVAL OF THE COMPENSATION BY THE BAORD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0218
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0231436

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