LACE UP Foundation Inc
Nonprofit profile at a glance
- EIN
- 820833087
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2024
- Location
- Powder Springs, GA, USA
- Phone
- 7062717623
- Rating confidence
- Limited
- Sector
- Basketball
Reported finances
- Revenue
- $1,700
- Expenses
- $0
- Assets
- $3,400
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Brooke Thomas (President)
People named in this filing
- Brooke Thomas (President)
- Ashlee Robinson (Vice Chair)
- Braxton Thomas (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The LACE UP Foundation Inc. is a 501(c)(3) nonprofit organization with a primary exempt purpose of youth development and community wellness.
What it reported doing in 2024
LACE UP Foundation established the LACE UP Leadership Academy, which develops the youth through athletic performance training, creative apprenticeships, mentorships, exposure to diverse career paths and skills and nurturing the parent and child relationship in monthly parent and family sessions. Equipment, technology and supplies cost $600.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 82
- Sustainability: 8
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.5%; rating input score 76
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 76.5% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $1K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.