Annual Information Statement 2019

Legal Name: 
LAG Foundation Ltd
ABN: 
32624664204

About the charity

Website: 
www.loki.foundation
Charity size: 
Large
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
No
Basic Religious Charity: 
No

Activities and Beneficiaries

Did the charity operate in the 2019 reporting period?
Yes
Main activity: 
Civic and advocacy activities
Main activities: 
  • Other education
  • Research
  • Other
    • Software Development
Description of charity's activities and outcomes: 
- We have created, maintained and distributed various education materials to promote digital privacy and safety.

- We have created, and continue to develop a portfolio of privacy and digital rights software tools.
Where the charity conducted activities during the 2019 reporting period: 
Victoria
Will the charity change or introduce any activities in the 2020 period?
No
Main beneficiary: 
General community in Australia
Other beneficiaries: 
  • Females
  • Males

Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Human Resources

Human resources: 
  • Full time employees: 2
  • Part time employees: 0
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 2
  • Estimated number of volunteers: 0

Financial Reporting

Charity's 2019 reporting period: 
1 July 2018 to 30 June 2019
Type of financial statement: 
General purpose financial statements - reduced disclosure regime
Financial report consolidated with more than one entity?
No
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$0.00
Revenue from providing goods or services: 
$4,382,104.00
Revenue from government including grants: 
$0.00
Revenue from investments: 
$0.00
All other revenue: 
$265,402.00
Total revenue: 
$4,647,506.00
Other income (for example, gains): 
$0.00
Total gross income: 
$4,647,506.00
Expenses
Employee expenses: 
$18,508.00
Interest expenses: 
$0.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$2,736,351.00
Total expenses: 
$2,754,859.00
Net surplus/(deficit): 
$1,892,647.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$1,892,647.00

Balance Sheet extract

Assets
Total current assets: 
$7,183,515.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$0.00
Total non-current assets: 
$0.00
Total assets: 
$7,183,515.00
Liabilities
Total current liabilities: 
$48,085.00
Non-current loans payable: 
$0.00
Other non-current liabilities: 
$0.00
Total non-current liabilities: 
$0.00
Total liabilities: 
$48,085.00
Net assets/liabilities: 
$7,135,430.00