The LC Foundation Inc.

990 • Fiscal year 2012 • EIN 74-2860527

Jan 01, 2012 to Dec 31, 2012 • Filed on Jun 24, 2013

Organization Profile

PO Box 590778465-5907

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

No value available

This filing does not contain officer compensation rows.

Source year 2012

-35%

Faster asset growth than 3% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

No value available

No valid filing value is available for this score.

Balance Sheet

Liabilities / Assets14th percentile

Assets

Down

$1,262,153

Down $693,360 (-35%) from 2011

Net Assets

Down

$1,261,448

Down $692,927 (-35%) from 2011

Liabilities

Down

$705

Down $433 (-38%) from 2011

Revenue And Expenses

Liabilities / RevenueScore unavailable Net MarginScore unavailable

Revenue

No earlier filing loaded for comparison.

Expenses

$739,230

Up $11,197 (+1.5%) from 2011

Net Income

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2012

Assets$1,262,153

Liabilities$705

Net Assets$1,261,448

Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2012

Revenue-

Expenses$739,230

Net Income-

Open 2012 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2012 to Dec 31, 2012
Signed: Jun 24, 2013
Return Version: 2012v2.2
Gross Receipts: $46,303

Mission and Program Overview

Mission

The lc foundation inc is a training facility governed by the jarvis wagner oday program. It finds jobs for people with disabilities. The disabilities include mental health, mental retardation, development and physical disabilities. The lc foundation inc provides contributions to other charitable organizations and direct assistance to individuals.

Major Activities

Activity 2: Grants to area colleges and universities for scholarships
Activity 3: St james baptist church building fund 76,628. Other nonprofit organizations for operations 17,800

Filing and Contact Details

Filer

EIN: 74-2860527

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ReturnHeader/Filer/USAddress/AddressLine1	0	PO BOX 5907
ReturnHeader/Filer/USAddress/City	0	CORPUS CHRISTI
ReturnHeader/Filer/USAddress/State	0	TX
ReturnHeader/Filer/USAddress/ZIPCode	0	784655907
ReturnHeader/Officer/AuthorizeThirdParty	0	true
ReturnHeader/Officer/DateSigned	0	2013-06-24
ReturnHeader/Officer/Name	0	LENA COLEMAN-WILSON
ReturnHeader/Officer/Title	0	CEO
ReturnHeader/Preparer/DatePrepared	0	2013-06-24
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	Juaquin Jake Sanchez CPA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	2820 SPID Box 134 Ste 198
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	Corpus Christi
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	78415
ReturnHeader/Preparer/Name	0	Juaquin Jake Sanchez
ReturnHeader/Preparer/Phone	0	3618518722
ReturnHeader/Preparer/SelfEmployed	0	X
ReturnHeader/ReturnType	0	990
ReturnHeader/TaxPeriodBeginDate	0	2012-01-01
ReturnHeader/TaxPeriodEndDate	0	2012-12-31
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2013-06-24T09:47:30-00:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $1,262,153
Liabilities: $705
Net assets: $1,261,448
Revenue: -
Expenses: $739,230
Net income: -

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2019Summary only. Only limited summary data is available for this year.	$0.27	$0.06	$0.21	$0.06	$0.36	$0.29
2018Summary only. Only limited summary data is available for this year.	$0.61	$0.00	$0.61	$0.03	$0.10	$0.07
2017Detailed filing. Detailed filing data is available for this year.	$0.61	$0.00	$0.61	$0.03	$0.10	$0.07
2016Detailed filing. Detailed filing data is available for this year.	$0.67	$0.00	$0.67	$0.08	$0.10	$0.03
2015Detailed filing. Detailed filing data is available for this year.	$0.71	$0.01	$0.70	$0.06	$0.10	$0.04
2014Detailed filing. Detailed filing data is available for this year.	$0.74	$0.00	$0.74	$0.03	$0.24	$0.21
2013Detailed filing. Detailed filing data is available for this year.	$0.95	$0.00	$0.95	$0.03	$0.34	$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.26	$0.00	$1.26		$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.96	$0.00	$1.95		$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.61	$0.00	$2.61		$1.11