The@louis Lauren & Lana Foundation
- Assets
- $505.0k
- Revenue
- $13.0
- Investments
- $100.1k
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-0794599
Organization Overview
The@louis Lauren & Lana Foundation is located in Bloomfield Hills, MI. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@louis Lauren & Lana 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@louis Lauren & Lana Foundation generated $13.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (58.3%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, The@louis Lauren & Lana Foundation has awarded 62 individual grants totaling $478,775. 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
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marwan Haddad President | 0 | $0 | |
Samia Haddad Vice Preside | 0 | $0 | |
Mireille Haddad Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| 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 | $13 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40 |
| Depreciation | $15,091 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,866 |
| Total operating and administrative expenses | $29,674 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $30,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,635 |
| Savings and temporary cash investments | $30,407 |
| Net Accounts receivable | $96,245 |
| 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 | $100,061 |
| Net Land, buildings, and equipment | $233,280 |
| Other assets | $341 |
| Total assets | $504,969 |
| 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@louis Lauren & Lana Foundation has awarded $11,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ARAB ORCHESTRA PURPOSE: TO PROVIDE SUPPORT TO PRESERVE & INT | $1,500 |
CHILDREN'S TRUST FUND PURPOSE: TO PROMOTE PREVENTION OF CHILD ABUSE | $5,000 |
ARAB AMERICAN NATIONAL MUSEUM PURPOSE: TO PROVIDE SUPPORT TO PRESERVE & INT | $500 |
VETERANS OF THE GAME INC PURPOSE: TO HONOR VETERANS WHO SERVED | $2,000 |
ST MARY ANTIOCHIAN ORTHODOX CHURCH PURPOSE: TO PROVIDE RELIGIOUS SUPPORT | $2,000 |