Raymond & Lorraine Letourneau
- Assets
- $224.5k
- Revenue
- $9.2k
- Investments
- $212.4k
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 03-0277007
Organization Overview
Raymond & Lorraine Letourneau is located in Portsmouth, NH. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond & Lorraine Letourneau is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Raymond & Lorraine Letourneau generated $9.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $20.2k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Letourneau President | 0.1 | $0 | |
Dena Wager Treasurer/ Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $9,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $171 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,221 |
| Contributions, gifts, grants paid | $18,963 |
| Total expenses and disbursements | $20,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,098 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $224,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Raymond & Lorraine Letourneau has awarded $18,963 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COURTNEY COFFMAN PURPOSE: SCHOLARSHIP | $3,163 |
EMMA BISHOP PURPOSE: SCHOLARSHIP | $3,160 |
OLIVIA WAITE PURPOSE: SCHOLARSHIP | $3,160 |
ETHAN PARK PURPOSE: SCHOLARSHIP | $3,160 |
AYAN LIBAN PURPOSE: SCHOLARSHIP | $3,160 |
BISHARO SUGOW PURPOSE: SCHOLARSHIP | $3,160 |