Laurence B Flood Foundation Inc
- Assets
- $2.2m
- Revenue
- $103.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Blue Hill, ME
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 27-2052856
Organization Overview
Laurence B Flood Foundation Inc is located in Blue Hill, ME. The organization was established in 2011. 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. Laurence B Flood 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 12/2023, Laurence B Flood Foundation Inc generated $103.6k in total revenue. All expenses for the organization totaled $154.7k during the year ending 12/2023. While expenses have increased by 2.8% 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, Laurence B Flood Foundation Inc has awarded 126 individual grants totaling $677,210. 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence B Flood President | 1 | $0 | |
Mary Tyler Knowles Director | 1 | $0 | |
Nathaniel V Henshaw Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,388 |
| Capital Gain Net Income | $58,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $263 |
| Total operating and administrative expenses | $7,829 |
| Contributions, gifts, grants paid | $146,900 |
| Total expenses and disbursements | $154,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,964 |
| 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 | $2,234,361 |
| 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, Laurence B Flood Foundation Inc has awarded $146,900 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE STEVENS ACADEMY PURPOSE: GENERAL USE | $20,000 |
GOOD SHEPHERD FOOD BANK PURPOSE: GENERAL USE | $1,000 |
XAVIER UNIVERSITY OF LOUISIANA PURPOSE: GENERAL USE | $5,000 |
BLUE HILL HERITAGE TRUST PURPOSE: GENERAL USE | $20,000 |
NOBLE AND GREENOUGH SCHOOL PURPOSE: GENERAL USE | $1,000 |
BLUE HILL PUBLIC LIBRARY PURPOSE: GENERAL USE | $1,000 |