Laugh Out Loud Ministry Inc
Nonprofit profile at a glance
- EIN
- 202920829
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Berthoud, CO, USA
- Phone
- 9705324560
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $488,609
- Expenses
- $601,391
- Assets
- $569,750
- Liabilities
- $4,888
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Jervis Fisher (President)
- Melissa Fisher (Vice President)
Highest reported compensation
- Jervis Fisher (President): $6,000 total reported compensation
- Melissa Fisher (Vice President): $6,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
An international organization that exists to love and nurture orphans, neglected and disadvantaged children and young adults. Its focus is to bring restoration through God's love, allowing children and youth to discover their potential, while equipping and releasing them into their divine destiny and future. LOL is the only orphanage in the Toledo district of Belize. All program development is volunteer driven and supported by donors. No revenue is provided by the government of Belize.
What it reported doing in 2024
Laugh Out Loud is a children's home operating in the Toledo district of southern Belize. Our goal is to care for, educate and equip our children with life skills that will allow them to flourish.This past year we have:* Enrolled all our school age children in school.* Two of our young adults have earned their bachelor's degree. * One of our young adults attended YWAM.* One teen has been adopted by a loving family's arms.* Laugh Out Loud has completed their fourth foster home on campus, allowing children to live and grow in a family atmosphere of support and love.* The two founders and directors of Laugh Out Loud attended CAFO conference to gain more insights on how to care for children from trauma.* All our children are trained in life skills to further help them succeed when leaving LOL.* LOL provides 3 meals a day, drinking water and healthy snacks for all our children.Laugh Out Loud is the only children's home in southern Belize. It is completely supported and operated by donations and volunteers. This goodness and generosity have allowed us to provide food, shelter, medical and dental care, education and most of all loving support for the children placed in our care.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and program spending has grown recently. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 55
- Accountability: 50
- Sustainability: 27
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85%; rating input score 85
- Fundraising efficiency: $16.19 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 16th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- 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: -23.1%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: -0% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: 0% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85% of spending went to programs
- Governance: 5 of 10 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $511K in reported program spending
- Leadership: top reported pay $6K · 10 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.