Scotty Lapp Foundation

EIN: 882165982 501(c)(3) Youth Development

Olympic Valley, CA

Total Revenue
$312,847
Total Expenses
$55,249
Total Assets
$257,598
Net Assets
$257,598
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
Jason Lapp
Phone
4156018792
Tax Period
2022-01-01 to 2022-12-31

Scotty Lapp Foundation, founded in 2022, is a small nonprofit in the Youth Development sector that reported $313K in total revenue in fiscal year 2022. The organization ran a surplus of $258K, a strong 82% operating margin.

Mission

The Scotty Lapp Foundation is dedicated to empowering youth by making ski, snowboard and skate more accessible to underserved communities and assisting athletes in reaching their full potential.

Program Service Accomplishments

Program 1
Expenses: $51,966

The primary (current) activity is raising money to build community recreational resources for youth. Our current project is the creation of Memorial Skatepark in North Lake Tahoe Community in...

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The primary (current) activity is raising money to build community recreational resources for youth. Our current project is the creation of Memorial Skatepark in North Lake Tahoe Community in California. This project is designed to support the creation, design, and building of a public recreational facility for skateboarding. The activity involves county and city staff, designers, builders, lawyers, marketing teams, accountants, and other resources to contribute to its completion. The primary location for this project is Tahoe City, CA. 75 percent of our first-year activities are currently focused on the success of this project. This project (and future similar projects) will be funded by donations to the foundation and comprise seventy to eighty percent of our overall expenses. This activity requires exempt status to ensure that donations are not taxed and that every dollar of revenue can be put into the creation of the skatepark. Further, exempt status makes it possible to obtain the donations that are required to fund the project so that we can provide youth recreational resources for the community.

Program 2

The second (planned) activity is providing athletes and artists with scholarships to support them to excel and continue to participate in related sports and programs. The foundation executive...

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The second (planned) activity is providing athletes and artists with scholarships to support them to excel and continue to participate in related sports and programs. The foundation executive committee along with the support of volunteers will run this activity. This can be a city, region, state or national level activity. Ten percent of our time will be allocated to this activity. This activity is funded through donations to the Foundation and ten to fifteen percent of our overall expenses will be allocated to this activity. This activity requires exempt status to ensure donations are not taxed and that every dollar goes towards our mission of providing financial resources and scholarships to youth and the community.

Program 3

The third (planned) activity is providing financial support to organizations focused on youth sports and arts that align with our mission and values as a Foundation. The foundation executive...

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The third (planned) activity is providing financial support to organizations focused on youth sports and arts that align with our mission and values as a Foundation. The foundation executive committee along with the support of volunteers will run this activity. This can be a city, region, state or national level activity. Ten percent of our time will be allocated to this activity. This activity is funded through donations to the Foundation and ten to fifteen percent of our overall expenses will be allocated to this activity. This activity requires exempt status to ensure donations are not taxed and that every dollar goes towards our mission of providing financial resources to youth and the community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $268,279
Program Service Revenue $40,104
Investment Income $7
Other Revenue $4,457
TOTAL REVENUE $312,847

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,966
Other Expenses $55,249
TOTAL EXPENSES $55,249

Year-over-Year Comparison

2022 2021 Change
Revenue $312,847 N/A N/A
Expenses $55,249 N/A N/A
Net Income $257,598 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Lapp CEO 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2022 $312,847 $55,249 $257,598 $257,598
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