Nonprofit · EIN 27-4826987
LET THEM LOL
Tax-exempt · BUFFALO, NY 14203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $924,483 | $930,197 | -$5,714 | $2,950,088 | $1,752,080 | $1,198,008 |
| December 31, 2023 | 990 | $1,056,718 | $1,037,026 | $19,692 | $3,151,147 | $1,946,912 | $1,204,235 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $826,367
- Program service revenue
- $39,139
- Investment income
- $238
- Net income from fundraising events
- $56,116
- Net income from sales of inventory
- $258
- Other revenue
- $58,739
Expenses
- Grants and similar amounts paid
- $163,746
- Compensation of officers, directors and key employees
- $69,740
- Other salaries and wages
- $90,141
- Salaries, compensation and benefits (total)
- $185,259
- Professional fundraising fees
- $0
- Legal fees
- $351
- Accounting fees
- $5,065
- Occupancy
- $21,987
- Travel
- $7,703
- Depreciation
- $365,284
- Program services (functional)
- $892,723
- Management and general (functional)
- $37,474
Balance sheet and other
- Total assets, start of year
- $3,151,147
- Total assets, end of year
- $2,950,088
- Total liabilities, end of year
- $1,752,080
- Net assets, end of year
- $1,198,008
- Land, buildings and equipment
- $2,806,700
- Net assets without donor restrictions
- $1,198,008
- Gross receipts
- $945,559
- Employees
- 7
- Volunteers
- 1,000
- Year formed
- 2011
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN VACANTI | PRESIDENT Trustee or director, Officer | 32 | $69,740 |
| JOSEPH VACANTI | TREASURER/SE Trustee or director, Officer | 2 | $0 |
| JENNA GOLDSMITH | DIRECTOR Trustee or director, Officer | 2 | $0 |
| DONALD ARNTS | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT ANSTEY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN VACANTI | PRESIDENT Trustee or director, Officer | 32 | $65,000 |
| JOSEPH VACANTI | TREASURER/SE Trustee or director, Officer | 2 | $0 |
| JENNA GOLDSMITH | DIRECTOR Trustee or director, Officer | 2 | $0 |
| DONALD ARNTS | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT ANSTEY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 395 GANSON ST, BUFFALO, NY 14203-3061
- Principal officer (990 for 2024)
- KATHLEEN VACANTI, 5185 BROOKFIELD LANE, CLARENCE, NY 14031
- Signed the 990
- KATHLEEN VACANTI, PRESIDENT
- Phone
- (716) 536-3004
- Website
- LTLOL.COM
- Return prepared by
- SBFR PARTNERS CPAS LLP
Mission
MANY PEOPLE IN THE WORLD TODAY EXPERIENCE UNJUST SUFFERING ONLY BECAUSE THEY LACK THE BASIC RESOURCES TO EMBRACE A BETTER FUTURE. WE EXIST TO EMPOWER COMMUNITIES THROUGH SUSTAINABLE DEVELOPMENT. WE ARE A GRASSROOTS ORGANIZATION; SCHOOLS, FAMILIES, CHURCHES, AND INDIVIDUALS UNITED TOGETHER TO BRING HOPE THROUGH CLEAN WATER. WE LOOK FORWARD TO BRINGING HOPE TO THE PEOPLE OF SIERRA LEONE.
Program accomplishments
- PROVIDE CLEAN WATER TO THE PEOPLE OF SIERRA LEONE BY DRILLING FRESH WATER WELLS FOR THE PEOPLE TO HAVE ACCESS TOO.Expenses $53,076 · revenue $84,142
- PROVIDE CARE TO 40+ CHILDREN INCLUDING A DORMITORY FOR VULNERABLE GIRLS AS WELL AS EDUCATION TO 609 IMPOVERISHED CHILDREN AT OUR SCHOOL, HOPE RISING ACADEMY. WE HAVE A WELL-MAINTENANCE TEAM PROVIDING JOB TRAINING AND EMPOWERMENT AS WELL AS NUTRITIOUS FOOD FOR THE CHILDREN WE CARE FOR. WE HAVE A MEDICAL FACILITY, BAKERY, COMMUNITY CENTER/INTERNET CAFE, AND OFFICES.Expenses $692,775 · grants $163,746 · revenue $199,582
- FUND BUILDING PROJECTS FOR CHILDREN'S HOMES AND SCHOOLS.Expenses $2,451
- FUND MISSION TRIPS FOR VOLUNTEERS AND CONTRIBUTORS FOR DAILY OPERATIONS IN SIERRA LEONE. HOPE RISING BUFFALO IS A NEW ENDEAVOUR THE ORGANIZATION HAS STARTED TO RENOVATE THE KELLOGG SILOS INTO A COMMUNITY CENTER. IT WILL ALSO BE THE INTERNATIONAL HEADQUARTERS OF HOPE RISING TOGETHER WHICH SENDS MEALS TO SIERRA LEONE.Expenses $144,421 · revenue $459,626
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4826987
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $2,950,088
- Income (IRS master file)
- $945,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $924,483 | $930,197 | $2,950,088 | XML |
| 990 | December 2023 | $1,056,718 | $1,037,026 | $3,151,147 | XML |
| 990 | December 2022 | $1,283,460 | $934,012 | $3,191,220 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4826987).
Questions about LET THEM LOL
- What is the EIN of LET THEM LOL?
- The employer identification number (EIN) of LET THEM LOL is 27-4826987.
- Is LET THEM LOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to LET THEM LOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LET THEM LOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LET THEM LOL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LET THEM LOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LET THEM LOL?
- The 990 for the year ended December 31, 2024 names KATHLEEN VACANTI.
- Who are the officers and directors of LET THEM LOL?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $69,740 (KATHLEEN VACANTI, PRESIDENT).
- How much revenue does LET THEM LOL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $924,483, expenses of $930,197 and total assets of $2,950,088 at year end.
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