2024-11-13T17:13:52-08:00 2024-06-30 680208316 Eileen Sacra Capaccio CPA 45 Center Avenue Arcata CA 95521 990EZ 2023-07-01 882863714 Lost Coast Ventures LOST 8312476978 1840 41st Ave Suite 102 PMB 249 Capitola CA 95010 JOHN W BALLARD III CEO 2024-11-13 true true EILEEN SACRA CAPACCIO P00010841 7078223360 X 2023 2024-10-15 13:58:12Z X N/A X X 21925 X 21925 0 0 0 0 21925 4587 338 21741 26666 -4741 19050 14309 X 54933 52285 4667 4334 59600 56619 40550 42310 19050 14309 GUIDANCE FOR EARLY-STAGE DEVELOPMENT OF BUSINESS PLANS AND STRATEGIES WITH MENTORSHIP, COACHING AND ADVISORY SERVICES TO ASPIRING ENTREPRENEURS AND ALSO PROVIDING INITIAL FUNDING FOR SCALABLE PRODUCT CONCEPTS OR SERVICE INITIATIVES. GUIDANCE FOR EARLY-STAGE DEVELOPMENT OF BUSINESS PLANS & STRATEGIES WITH MENTORSHIP, COACHING & ADVISORY SERVICES TO ASPIRING ENTREPRENEURS & PROVIDE INITIAL FUNDING FOR PRODUCT CONCEPTS. 24180 24180 John W Ballard III CEO 4.00 0 SHAWNA HODGES YOUNG Secretary 1.00 0 CHARLES D PHILLIPS CFO 1.00 0 MATHEW CENDEJAS Director 1.00 0 CHRIS GAINES Director 1.00 0 false false false false false false true 42310 0 0 0 false 0 0 false CA JOHN W BALLARD III 1840 41ST AVENUE SUITE 102-249 CAPITOLA CA 95010 8312476978 false false false false false false false false false false false NONE NONE true X X X 2 CAL POLY HUMBOLDT 946001347 2 true 0 0 COLLEGE OF THE REDWOODS 942022980 2 true 4900 0 2 4900 0 true true false false false false false false false false false false false false false true false false X Part IV, Section A, Line 2: Description Of How Organization Determined Supported Org. THE ARTICLES OF INCORPORATION STATES THAT THE SPECIFIC PURPOSE IS CHARITABLE AND ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF CAL POLY HUMBOLDT AND COLLEGE OF THE REDWOODS, BOTH CALIFORNIA STATE EDUCATIONAL INSTITUTIONS. IRS DETERMINED THAT LOST COAST VENTURES IS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs. WHILE THE DIRECTORS WERE NEITHER APPOINTED OR ELECTED BY THE SUPPORTED ORGANIZATIONS, EACH DIRECTOR WAS NOMINATED AND HIGHLY RECOMMENDED FOR THEIR DIRECTOR ROLES BY THE PRESIDENT OF EACH OF THE SUPPORTED ORGANIATIONS. TWO OF THE THREE DIRECTORS REPORT EITHER DIRECTLY TO THE PRESIDENT OF THE UNIVERSITY OR SERVE ON THE PRESIDENT'S COUNCIL. ALL THREE DIRECTORS ARE DEEPLY CONNECTED TO THEIR RESPECTIVE SUPPORTED ORANIZATION THROUGH THEIR ADMINISTRATIVE AND RELEVANT TEACHING REPONSIBILITIES. Part IV, Section E, Line 1c: Explain How Organization Supports Government Entity THE ORGANIZATION SUPPORTS CAL POLY HUMBOLDT AND COLLEGE OF THE REDWOODS TO CARRY OUT, BUT NOT LIMITED TO, SUPPORT OF THE ADVANCEMENT OF ENTREPRENEURSHIP. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED JOHN W BALLARD III OFFICER WORKING CAP X 40525 42284 false true true CHARLES D PHILLIPS OFFICER WORKING CAP X 25 26 false true true 42310 Other Expenses.1002 Office Expenses $55 Other Expenses.1005 Travel $11692 Other Expenses.1008 Interest $1760 Other Expenses.1010 Amortization $333 Other Expenses.1 SPONSORSHIP $5000 Other Expenses.2 SUPPLIES $2901 Other Assets.1012 Intangible Assets - Beginning $4667 Intangible Assets - Ending $4334 Total Liabilities.1006 Payable to Officers, Directors, Etc. - Beginning $40550 Payable to Officers, Directors, Etc. - Ending $42310 FUNDRAISING EXPENSE RATIO THE RATIO OF FUNDRAISING EXPENSE TO CONTRIBUTIONS AND GRANTS IS LESS THAN 5%. THIS IS DUE TO THE ACTIVE NATURE OF THE BOARD OF DIRECTORS WHO DONATE MUCH OF THEIR TIME AND EXPENSE.