Lsb Foundation
- Assets
- $101.7k
- Revenue
- $267.2k
- Investments
- $10.4k
- Employees
- 0
- Location
- Reinbeck, IA
- Founding
- 02/2005
- Data as of
- 07/2022
- EIN
- 20-1653464
Organization Overview
Lsb Foundation is located in Reinbeck, IA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsb Foundation 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 07/2022, Lsb Foundation generated $267.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $232.6k during the year ending 07/2022. While expenses have increased by 4.7% per year over the past 7 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.
Since 2015, Lsb Foundation has awarded 922 individual grants totaling $1,786,827. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milt Dakovich Chairperson (until 02/24/22) | 0.5 | $0 | |
Sally Hollis Chairperson As Of 03/16/22 | 0.5 | $0 | |
Jeffrey Dralle Vice Chairperson Until 3/16/22/trustee | 0.5 | $0 | |
David Deeds Vice Chairperson As Of 3/16/22 | 0.5 | $0 | |
Michael Peterson Secretary | 0.5 | $0 | |
Steve Brouwer Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $266,640 |
| Interest on Savings | $166 |
| Dividends & Interest | $319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25 |
| Capital Gain Net Income | $25 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33 |
| Total Revenue | $267,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $4,325 |
| Contributions, gifts, grants paid | $228,257 |
| Total expenses and disbursements | $232,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,373 |
| 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 | $101,737 |
| 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, Lsb Foundation has awarded $228,257 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
UNI FOUNDATION PURPOSE: SUPPORT THE FINANCIAL LITERACY FUND | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT THE GERDEN HOPE LODGE | $5,000 |
Des Moines, IA PURPOSE: MILTON J DAKOVICH MEMORIAL SCHOLARSHIP | $5,000 |
ALLEN FOUNDATION PURPOSE: SUPPORT FOR ALLEN FOR YOU - REHAB SCIENCES BUILDING CAPITAL CAMPAIGN | $5,000 |
CITY OF GARWIN PURPOSE: SUPPORT THE FIRE STATION | $5,000 |
Cedar Falls, IA PURPOSE: SUPPORT THE COMMUNITY NATATORIUM - NEW POOL CAPITAL CAMPAIGN | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lsb Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Million Dollar Round Table Foundation Park Ridge, IL PURPOSE: SOCIAL SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |