Civic Intelligence

Lobaki Foundation

EIN 82-3391862 • 501(c)3 • Jackson, MS

Pub. 78 Eligible

Profile

To use virtual reality technologies to educate children in lower income regions of the country and help under-privileged children advance their knowledge. To bring awareness of xr opportunities in lower income regions of the country.

736 South President St 106Jackson, MS 39201

n/A

Siviq Scores

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

Liabilities / Assets

96th percentile

2.25x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

96th percentile

$67,250

Higher top officer pay than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

45th percentile

-5.6%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,403

Down $323 (-5.6%) from 2021

Liabilities

Flat

$12,130

Flat from 2021

Net Assets

Down

-$6,727

Down $323 (-5.0%) from 2021

Revenue

Down

$0

Down $795,808 (-100%) from 2021

Expenses

Down

$323

Down $808,163 (-100%) from 2021

Net Income

Up

-$323

Up $12,355 (+97%) from 2021

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2018: $266,984Liabilities 2018: $0Net Assets 2018: $266,9842018Assets 2019: $6,622Liabilities 2019: $0Net Assets 2019: $6,6222019Assets 2020: $6,276Liabilities 2020: $0Net Assets 2020: $6,2762020Assets 2021: $5,726Liabilities 2021: $12,130Net Assets 2021: -$6,4042021Assets 2022: $5,403Liabilities 2022: $12,130Net Assets 2022: -$6,7272022

Highlighted filing

2022

Assets$5,403
Liabilities$12,130
Net Assets-$6,727

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $867,567Expenses 2018: $600,583Net Income 2018: $266,9842018Revenue 2019: $347,832Expenses 2019: $608,194Net Income 2019: -$260,3622019Revenue 2020: $0Expenses 2020: $346Net Income 2020: -$3462020Revenue 2021: $795,808Expenses 2021: $808,486Net Income 2021: -$12,6782021Revenue 2022: $0Expenses 2022: $323Net Income 2022: -$3232022

Highlighted filing

2022

Revenue$0
Expenses$323
Net Income-$323

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 21, 2023
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

To use virtual reality technologies to educate children in lower income regions of the country and help under-privileged children advance their knowledge. To bring awareness of xr opportunities in lower income regions of the country.

Transforming lives, industries, and realities through immersive technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,827$3,504▼ $323
Inventories for Sale or Use$1,899$1,899→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-6,404$-6,727▼ $323
Total Assets$5,726$5,403▼ $323
Liabilities
Accounts Payable and Accrued Expenses$12,130$12,130→ $0
Total Liabilities$12,130$12,130→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$-6,404$-6,727▼ $323
Total Liabilities and Net Assets / Fund Balance$5,726$5,403▼ $323

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$63,332$63,332
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Vincent P JordanBoard MemberPT$67,250$67,250
Josiah JordanVice PresidentPT$43,443$43,443

Board Members and Trustees

NameTitle
Joe DonovanBoard Member
Amber CoeurCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$84-$84
Total Functional Expenses$0$323$0$323
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Vincent jordan and josiah jordan are father and son.

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

The current year 990 is provided to board members for review and approval before filing.

Form 990, Part VI, Section C, Line 18

The forms 1023 and 990 will be made available via mail upon request.

Form 990, Part VI, Section C, Line 19

The documents governing the organization's conflict of interest policy and financials are made available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Lobaki Foundation
EIN
82-3391862
Phone
6023801400
Address
736 SOUTH PRESIDENT ST 106, JACKSON, MS 39201

Signing Officer

Name
Kevin Loud
Title
CFO
Phone
6023801400
Signed
2023-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Loud
Formed
2017
Legal Domicile
Ms
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Granthampoole Pllc
Address
1062 HIGHLAND COLONY PKY STE 201, RIDGELAND, MS 39157
Preparer
Michael Denny CPA
Phone
6014992400
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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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