Lapacho Fund

Nonprofit profile at a glance

EIN
850776852
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Midway, UT, USA
Phone
6503803773
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$6,325
Expenses
$1,226
Assets
$10,454
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • DAVID PEERY (DIRECTOR)
  • LILLIE PEERY (DIRECTOR)
  • DENNIS PEERY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The lapacho fund connects credible, well-vetted paraguayan NGO's and us-based funding sources. We serve as a "pass-through organization or "fiscal sponsor" for paraguayan organizations who are seeking funding from us donors who require, or prefer, that their contributions be made through an organization recognized by the IRS as a public charity under section 501(c)(3). We make it possible for us funders to have an impact in paraguay, and for paraguayan non-profits to expand their potential sources of funding by reaching the us philanthropic market.

What it reported doing in 2024

The lapacho fund connects credible, well-vetted paraguayan NGO's and us-based funding sources. We serve as a "pass through organization or "fiscal sponsor" for paraguayan organizations who are seeking funding from us donors who require, or prefer, that their contributions be made through an organization recognized by the IRS as a public charity under section 501(c)(3). We make it possible for us funders to have an impact in paraguay, and for paraguayan non-profits to expand their potential sources of funding by reaching the us philanthropic market. During the 2024 reporting period, there were no grants given out.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 78
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 80.6%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 8.53; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -94.3% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -94.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -117.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.