Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
The Lakou Nfp
EIN 82-2703338 • 501(c)3 • Park Ridge, IL
Profile
The organization's mission is to provide construction training to launch development in haiti, where with skills and opportunity, haitians can create their own sustainable solutions for individuals, families, and communities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
35th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
65th percentile
Higher top officer pay than 65% of similar nonprofits.
Top officer pay equals 7.0% of source-year revenue.
Asset Growth
14th percentile
Faster asset growth than 14% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Balance Sheet
Assets
Down$838,600
Down $206,475 (-20%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$838,600
Down $206,475 (-20%) from 2023
Revenue
Down$600,159
Down $432,525 (-42%) from 2023
Expenses
Up$801,374
Up $6,210 (+0.8%) from 2023
Net Income
Down-$201,215
Down $438,735 (-185%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $838,600
- Liabilities
- $0
- Net assets
- $838,600
- Revenue
- $600,159
- Expenses
- $801,374
- Net income
- -$201,215
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jan 21, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $600,159
Mission and Program Overview
Mission
The Organizations mission is to provide construction training to launch development in Haiti, where with skills and opportunity, Haitians can create their own sustainable solutions for individuals, families, and communities.
The organization's mission is to provide construction training to launch development in haiti, where with skills and opportunity, haitians can create their own sustainable solutions for individuals, familities, and communities.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $453,717 | $365,654 | ▼ $88,063 |
| Savings and Temporary Cash Investments | $321,874 | $262,415 | ▼ $59,459 |
| Cash and Non-Interest-Bearing Accounts | $267,785 | $210,531 | ▼ $57,254 |
| Accounts Receivable | $1,699 | - | - |
| Total Assets | $1,045,075 | $838,600 | ▼ $206,475 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,045,075 | $838,600 | ▼ $206,475 |
| Total Net Assets Fund Balance | $1,045,075 | $838,600 | ▼ $206,475 |
| Total Liabilities and Net Assets / Fund Balance | $1,045,075 | $838,600 | ▼ $206,475 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $269,479 | $127,999 | $397,478 |
| Equipment | $96,175 | $159,017 | $255,192 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Lanae B Meyer | Director | FT | $41,944 | $41,944 |
| Randal J Meyer | President | FT | $41,944 | $41,944 |
Board Members and Trustees
| Name | Title |
|---|---|
| Carl Sajous | Director |
| Darryl August | Director |
| Franco Cobite | Director |
| Jack Scapin | Director |
| Luvthageline Jean | Director |
| Mike Petersen | Director |
| Steve Cook | Director |
| Thomas Keenan | Director |
| William C Murphy | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $471,640
- Program Service Revenue
- $116,682
- Investment Income
- $5,956
- Other Revenue
- $5,881
- All Other Contributions
- $471,640
- Change in Net Assets
- $-201,215
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $615,638 |
| Salaries, Compensation, and Employee Benefits | $185,736 |
| Total Fundraising Expense | $8,130 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $164,392 | $20,875 | $3,930 | $189,197 |
| Current Officers, Directors, Trustees, and Key Employees | $83,888 | - | - | $83,888 |
| Depreciation Depletion | $82,803 | - | - | $82,803 |
| Other Salaries and Wages | - | $76,628 | - | $76,628 |
| Occupancy | $58,000 | - | - | $58,000 |
| All Other Expenses | $22,589 | $3,464 | - | $26,053 |
| Other Expenses | $20,273 | - | - | $20,273 |
| Payroll Taxes | - | $13,969 | - | $13,969 |
| Other Employee Benefits | $9,602 | $1,649 | - | $11,251 |
| Travel | $4,757 | - | - | $4,757 |
| Office Expenses | - | - | $3,141 | $3,141 |
| Fees for Services Accounting | - | $2,710 | - | $2,710 |
| Information Technology | $2,243 | - | - | $2,243 |
| Advertising | - | - | $1,059 | $1,059 |
| Total Functional Expenses | $673,949 | $119,295 | $8,130 | $801,374 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- 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 35% controlled entity
- No
- 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, Page 6, Part VI, Line 2
“Randal j. Meyer lanae meyer president director married”
Form 990, Page 6, Part VI, Line 11B
“Tax returns will be reviewed by the board of directors.”
Form 990, Page 6, Part VI, Line 15A
“A wage comparison is made by the director of finance of similar non profits through 990 comparisons, talking to industry experts and recruiters. All staff, including the executive director are then budgeted, which is approved by the board. All salaries and wages are clearly defined by position, so that the board has a clear understanding of the compensation. Wage reviews are completed once a year at budget approval”
Form 990, Page 6, Part VI, Line 15B
“A wage comparison is made by the director of finance of similar non profits through 990 comparisons, talking to industry experts and recruiters. All staff, including the executive director are then budgeted, which is approved by the board. All salaries and wages are clearly defined by position, so that the board has a clear understanding of the compensation. Wage reviews are completed once a year at budget approval”
Form 990, Page 6, Part VI, Line 19
“Documents are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- The Lakou Nfp
- EIN
- 82-2703338
- Phone
- 8476997600
- Address
- 805 W TOUHY AVE, PARK RIDGE, IL 60068
Signing Officer
- Name
- Randal J Meyer
- Title
- President
- Phone
- 8472576698
- Signed
- 2025-01-21
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Randal J Meyer
- Formed
- 2017
- Legal Domicile
- Il
- Voting Board Members
- 7
- Independent Board Members
- 5
- Employees
- 4
Preparer
- Firm
- Rozovics Group Llp
- Address
- 805 W TOUHY AVE, PARK RIDGE, IL 60068
- Preparer
- Jeffery a Rozovics
- Phone
- 8476997600
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“The organization's mission is to provide construction training to launch development in haiti, where with skills and opportunity, haitians can create their own sustainable solutions for individuals, families, and communities.”
Form 990, Page 2, Part III, Line 4D
“Construction training to launch development in haiti, where with skills and opportunity, haitians can create their own sustainable solutions for individuals, families and communities.”
Form 990, Part V, Line 4B
“HAITI”
Form 990, Part IX, Line 11G
“Independent contractor fees 164,392 0 0 business registration fees 0 20,875 0 stripe processing fee 0 0 2,641 special event 0 0 821 donor management program 0 0 468 total 164,392 20,875 3,930”
Form 990, Part XI, Line 9
“Book / tax depreciation difference -5,260 prior year adjustment 0 total -5,260”
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | CONSTRUCTION TRAINING TO LAUNCH DEVELOPMENT IN HAITI, WHERE WITH SKILLS AND OPPORTUNITY, HAITIANS CAN CREATE THEIR OWN SUSTAINABLE SOLUTIONS FOR INDIVIDUALS, FAMILIES AND COMMUNITIES. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION'S MISSION IS TO PROVIDE CONSTRUCTION TRAINING TO LAUNCH DEVELOPMENT IN HAITI, WHERE WITH SKILLS AND OPPORTUNITY, HAITIANS CAN CREATE THEIR OWN SUSTAINABLE SOLUTIONS FOR INDIVIDUALS, FAMILIES, AND COMMUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CONSTRUCTION TRAINING TO LAUNCH DEVELOPMENT IN HAITI, WHERE WITH SKILLS AND OPPORTUNITY, HAITIANS CAN CREATE THEIR OWN SUSTAINABLE SOLUTIONS FOR INDIVIDUALS, FAMILIES AND COMMUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | HAITI |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | RANDAL J. MEYER LANAE MEYER PRESIDENT DIRECTOR MARRIED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TAX RETURNS WILL BE REVIEWED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | A WAGE COMPARISON IS MADE BY THE DIRECTOR OF FINANCE OF SIMILAR NON PROFITS THROUGH 990 COMPARISONS, TALKING TO INDUSTRY EXPERTS AND RECRUITERS. ALL STAFF, INCLUDING THE EXECUTIVE DIRECTOR ARE THEN BUDGETED, WHICH IS APPROVED BY THE BOARD. ALL SALARIES AND WAGES ARE CLEARLY DEFINED BY POSITION, SO THAT THE BOARD HAS A CLEAR UNDERSTANDING OF THE COMPENSATION. WAGE REVIEWS ARE COMPLETED ONCE A YEAR AT BUDGET APPROVAL |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | A WAGE COMPARISON IS MADE BY THE DIRECTOR OF FINANCE OF SIMILAR NON PROFITS THROUGH 990 COMPARISONS, TALKING TO INDUSTRY EXPERTS AND RECRUITERS. ALL STAFF, INCLUDING THE EXECUTIVE DIRECTOR ARE THEN BUDGETED, WHICH IS APPROVED BY THE BOARD. ALL SALARIES AND WAGES ARE CLEARLY DEFINED BY POSITION, SO THAT THE BOARD HAS A CLEAR UNDERSTANDING OF THE COMPENSATION. WAGE REVIEWS ARE COMPLETED ONCE A YEAR AT BUDGET APPROVAL |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | INDEPENDENT CONTRACTOR FEES 164,392 0 0 BUSINESS REGISTRATION FEES 0 20,875 0 STRIPE PROCESSING FEE 0 0 2,641 SPECIAL EVENT 0 0 821 DONOR MANAGEMENT PROGRAM 0 0 468 TOTAL 164,392 20,875 3,930 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | BOOK / TAX DEPRECIATION DIFFERENCE -5,260 PRIOR YEAR ADJUSTMENT 0 TOTAL -5,260 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART V, LINE 4B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART XI, LINE 9 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 805 W TOUHY AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PARK RIDGE |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-04-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEFFERY A ROZOVICS |
| ReturnHeader/ReturnTs | 0 | 2025-04-03T13:20:56-04:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
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