The@launfal Foundation
- Assets
- $106.0k
- Revenue
- $102.2k
- Investments
- $0.0
- Employees
- 0
- Location
- American Fork, UT
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-8075391
Organization Overview
The@launfal Foundation is located in American Fork, UT. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. The@launfal 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 12/2023, The@launfal Foundation generated $102.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $156.2k during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 9 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 2014, The@launfal Foundation has awarded 104 individual grants totaling $895,516. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEED BASED TUITION ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Gunther President | 10 | $0 | |
Rose Ann Gunther Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,200 |
| 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 | $204 |
| Total operating and administrative expenses | $779 |
| Contributions, gifts, grants paid | $155,380 |
| Total expenses and disbursements | $156,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,027 |
| Savings and temporary cash investments | $0 |
| 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 | $106,027 |
| 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, The@launfal Foundation has awarded $155,380 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH VALLEY UNIVERSITY PURPOSE: EDUCATIONAL | $30,158 |
SOUTHERN UTAH UNIVERSITY PURPOSE: EDUCATIONAL | $21,980 |
UNIVERSITY OF UTAH PURPOSE: EDUCATIONAL | $11,084 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: EDUCATIONAL | $35,850 |
WEBER STATE UNIVERSITY PURPOSE: EDUCATIONAL | $2,921 |
UNIVERSITY OF NEW HAVEN PURPOSE: EDUCATIONAL | $4,315 |