John And Elizabeth Lauritzen Foundation
- Assets
- $83.7m
- Revenue
- $5.6m
- Investments
- $82.4m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 02/1974
- Data as of
- 12/2023
- EIN
- 23-7352686
Organization Overview
John And Elizabeth Lauritzen Foundation is located in Omaha, NE. The organization was established in 1974. 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. John And Elizabeth Lauritzen 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, John And Elizabeth Lauritzen Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 5 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 2020, John And Elizabeth Lauritzen Foundation has awarded 133 individual grants totaling $22,571,438. 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
THE FOUNDATION IS NOT AN OPERATING FOUNDATION AS THE TERM IS DEFINED IN IRC SECTION 4942(J) AND CONDUCTS NO DIRECT CHARITABLE ACTIVIES AS THAT TERM IS DEFINED.
BY REG. SEC. 53.4942 (B)-1(B)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce R Lauritzen President | 0 | $0 | |
Clarkson D Lauritzen Treasurer | 0 | $0 | |
Margaret L Dodge Secretary | 0 | $0 | |
Blair L Gogel Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $256,614 |
| Dividends & Interest | $1,472,960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,842,144 |
| Capital Gain Net Income | $3,842,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,078 |
| Total Revenue | $5,589,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $80,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $793 |
| Total operating and administrative expenses | $591,692 |
| Contributions, gifts, grants paid | $6,593,500 |
| Total expenses and disbursements | $7,185,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,087,724 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $205,985 |
| 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 | $83,655,896 |
| Accounts payable and accrued expenses | $37,376 |
| Grants payable | $12,999,676 |
| 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 | $13,037,052 |
Grants Awarded
Over the last fiscal year, John And Elizabeth Lauritzen Foundation has awarded $6,593,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
LAURITZEN GARDENS PURPOSE: GENERAL EXEMPT PURPOSE | $2,055,000 |
ST ANDREWS EPISCOPAL CHURCH - KANSAS CITY PURPOSE: GENERAL EXEMPT PURPOSE | $25,000 |
WESTSIDE FOUNDATION PURPOSE: GENERAL EXEMPT PURPOSE | $30,000 |
LEGACY OF THE LAKES MUSEUM PURPOSE: GENERAL EXEMPT PURPOSE | $15,000 |
UNITED WAY OF THE MIDLANDS PURPOSE: GENERAL EXEMPT PURPOSE | $10,000 |
EPISCOPAL DIOCESE OF NEBRASKA PURPOSE: GENERAL EXEMPT PURPOSE | $75,000 |