Lb Homes Foundation Inc
- Assets
- $15.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fergus Falls, MN
- Founding
- 03/2007
- Data as of
- 04/2023
- EIN
- 20-4760841
Organization Overview
Lb Homes Foundation Inc is located in Fergus Falls, MN. The organization was established in 2007. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lb Homes Foundation Inc 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 04/2023, Lb Homes Foundation Inc generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $13.7k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (35.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION CONDUCTS A CAMP EMILY, A ONE DAY CHILDREN'S BEREAVEMENT PROGRAM THAT SUPPORTS YOUTH IN THEIR GRIEVING PROCESS. THE BEREAVEMENT SOCIAL WORKERS OFFER COMPASSIONATE SUPPORT AND EDUCATION TO THOSE FEELING PAIN OVER THE LOSS OF A LOVED ONE. THE ORGANIZATION PROVIDES LITERATURE, INDIVIDUAL HOME VISITS, AND GRIEF SUPPORT GROUPS. IF A PERSON NEEDS FURTHER SUPPORT, THE ORGANIZATIONS HELPS THEM FIND ADDITIONAL RESOURCES AS WELL AS REFER THEM TO OTHER PROFESSIONALS WHEN NECESSARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland Rogness Chairman/president | 0.01 | $0 | |
Tom Moline Vice Chairman | 0.01 | $0 | |
Ron Fuhrman Secretary | 0.01 | $0 | |
Gaylord Folder Director | 0.01 | $0 | |
Paul Larson Director | 0.01 | $0 | |
John Austin Secretary | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,330 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $64 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,394 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $5,845 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,019 |
| Total expenses | $13,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,280 |
| Other assets | $0 |
| Total assets | $15,280 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,280 |
Grants Awarded
Over the last fiscal year, Lb Homes Foundation Inc has awarded $244,471 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN BRETHREN HOMES INC PURPOSE: PROMOTE HOME HEALTH AND HOSPICE SERVICE | $238,662 |
LUTHERAN BRETHREN RETIREMENT SERVICES INC PURPOSE: PROMOTE NURSING AND ASSISTED LIVING CARE FOR THE ELDERLY | $5,809 |