Leroy Community Foundation
- Assets
- $259.4k
- Revenue
- $78.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Leroy, MN
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 31-1634422
Organization Overview
Leroy Community Foundation is located in Leroy, MN. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Leroy Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leroy Community 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 12/2021, Leroy Community Foundation generated $78.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leroy Community Foundation has awarded 22 individual grants totaling $321,105. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE COMMUNITY OF LEROY THROUGH FUNDS USED EXCLUSIVELY FOR THE CIVIC BETTERMENT, HEALTH, LITERARY, RECREATIONAL, MUSICAL, HISTORICAL AND CULTURAL PURPOSES.
Describe the Organization's Program Activity:
ADMINISTERED FUNDS TO COMMUNITY OF LEROY USED FOR THE CIVIC BETTERMENT, HEALTH, LITERARY, RECREATIONAL, MUSICAL, HISTORICAL AND CULTURAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Rowe Gambling Manager | OfficerTrustee | 10 | $7,800 |
Neal Bucknell Former Gambling Manager | Trustee | 10 | $80 |
Kevin Janssen Chairman | OfficerTrustee | 1 | $0 |
Donna Johnson Treasurer | OfficerTrustee | 1 | $0 |
Wendy Vikre Vice Chairman | OfficerTrustee | 1 | $0 |
Kate Rohrer Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,804 |
| Noncash contributions included in lines 1a–1f | $3,224 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,804 |
| Total Program Service Revenue | $0 |
| Investment income | $989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $17,564 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,094 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $42,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,406 |
| Savings and temporary cash investments | $238,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $447 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $259,362 |
| Accounts payable and accrued expenses | $173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $173 |
| Net assets without donor restrictions | $259,189 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $259,362 |
Grants Awarded
Over the last fiscal year, Leroy Community Foundation has awarded $24,360 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LEROY PURPOSE: SUPPORT OF OPERATIONS | $14,360 |
LEROY ROD AND GUN CLUB PURPOSE: SUPPORT OF OPERATIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leroy Community Foundation has recieved totaling $54,201.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL OPERATING | | $54,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Frances L Nelson Foundation Ltd Madison, WI | $5,074 | -$19,273 |
Laboure Society Eagan, MN | $5,263,561 | $3,075,426 |