Lre Foundation
- Assets
- $15.6m
- Revenue
- $1.0m
- Investments
- $15.4m
- Employees
- 0
- Location
- Long Lake, MN
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-4973856
Organization Overview
Lre Foundation is located in Long Lake, MN. The organization was established in 2007. 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. Lre 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 12/2022, Lre Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lre Foundation has awarded 149 individual grants totaling $4,114,300. 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 |
|---|---|---|---|
Gregory R Page Trustee | 0.5 | $0 | |
Laura P Bohlander Trustee | 5 | $20,000 | |
Elizabeth Merry Trustee | 0.5 | $0 | |
Robert Page Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $4,824 |
| Dividends & Interest | $475,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,410 |
| Capital Gain Net Income | $52,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,032,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,550 |
| Interest | $0 |
| Taxes | $7,579 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,032 |
| Total operating and administrative expenses | $53,367 |
| Contributions, gifts, grants paid | $1,030,000 |
| Total expenses and disbursements | $1,083,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $155,190 |
| 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 | $15,586,845 |
| 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, Lre Foundation has awarded $1,030,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMPLS PURPOSE: EDUCATION | $75,000 |
BANYAN COMMUNITY PURPOSE: HUMAN SERVICES | $25,000 |
CRISTO REY JESUIT HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
BLACK MEN TEACH PURPOSE: EDUCATION | $25,000 |
DOUGHERTY COLLEGE PURPOSE: EDUCATION | $50,000 |
EMERGE MOTHERS ACADEMY PURPOSE: PARENT SUPPORT SERVICES | $15,000 |