The Laredo Area Community Foundation

Organization Overview

The Laredo Area Community Foundation is located in Laredo, TX. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Laredo Area Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laredo Area 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, Laredo Area Community Foundation generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Laredo Area Community Foundation has awarded 77 individual grants totaling $2,101,891. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO ASSESS AND RESPOND TO EMERGING AND CHANGING COMMUNITY NEEDS BY PROVIDING A VEHICLE THAT SERVICES DONORS WITH VARIED INTERESTS AND LEVELS OF GIVING AND TO SERVE AS A RESOURCE CATALYST FOR CHARITABLE ACTIVITIES IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LAREDO AREA COMMUNITY FOUNDATION MANAGES FUNDS CONTRIBUTED BY CITIZENS, BUSINESS ENTITIES, NON-PROFIT ORGANIZATIONS AND PUBLIC AGENCIES TO BENEFIT LAREDO AND SOUTH TEXAS. REVENUES ARE FROM CONTRIBUTIONS, INVESTMENTS AND FUND RAISING. THE INDIVIDUAL FUNDS (DONOR ADVISED FUNDS AND PERMANENT ENDOWMENT FUNDS) MAKE CHARITABLE QUALIFIED GRANTS AS SPECIFIED IN THEIR GOVERNING INSTRUMENTS. GRANTS ARE USED IN THE AREAS OF: ARTS, EDUCATION, ENVIRONMENT, HEALTH, RELIGIOUS AND SOCIAL SERVICES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,300
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,251,968
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,254,268
Total Program Service Revenue$0
Investment income $401,654
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $768,188
Net Income from Fundraising Events -$1,827
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,422,283

Grants Awarded

Over the last fiscal year, The Laredo Area Community Foundation has awarded $532,979 in support to 16 organizations.

Grant RecipientAmount

IMAGINARIUM OF SOUTH TEXAS

Org PageRecipient Profile

Laredo, TX

PURPOSE: Operating Expenses

$206,137

TEXAS A&M INTERNATIONAL UNIVE

PURPOSE: Scholarships

$107,447

LAREDO COMMUNITY COLLEGE

PURPOSE: Scholarships

$43,349

BOYS AND GIRLS CLUB OF LAREDO

Org PageRecipient Profile

Laredo, TX

PURPOSE: Operating Expenses

$37,106

SACRED HEART CHILDRENS HOME

Org PageRecipient Profile

Washington, DC

PURPOSE: Operating Expenses

$17,602

CHRIST CHURCH EPISCOPAL

Org PageRecipient Profile

Laredo, TX

PURPOSE: Operating Expenses

$17,493
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Laredo Area Community Foundation has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,262,154
Earnings$866,738
Admin Expense$129,020
Net Contributions$336,658
Grants$203,253
Ending Balance$8,072,230

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