Cherese Mari Laulhere Foundation
- Assets
- $43.8m
- Revenue
- $1.2m
- Investments
- $42.6m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 05/1997
- Data as of
- 06/2023
- EIN
- 33-0735639
Organization Overview
Cherese Mari Laulhere Foundation is located in Long Beach, CA. The organization was established in 1997. 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. Cherese Mari Laulhere 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 06/2023, Cherese Mari Laulhere Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cherese Mari Laulhere Foundation has awarded 76 individual grants totaling $26,387,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Laulhere President | 2 | $0 | |
Larry Laulhere Secretary/treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,780 |
| Dividends & Interest | $1,116,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,749 |
| Capital Gain Net Income | $75,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,197,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,640 |
| Contributions, gifts, grants paid | $3,035,000 |
| Total expenses and disbursements | $3,059,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,248,281 |
| 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 | $42,419,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,839,304 |
| 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, Cherese Mari Laulhere Foundation has awarded $3,035,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE PURPOSE: GENERAL SUPPORT | $5,000 |
CHILDREN TODAY PURPOSE: ASSISTANCE TO HOMELESS CHILDREN | $5,000 |
MILLER CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $10,000 |
CHOC CHILDREN'S CLINIC PURPOSE: MENTAL HEALTH PROGRAMS | $3,000,000 |
RONALD MCDONALD HOUSE PURPOSE: SUPPORT PROGRAMS FOR CHILDREN WITH LIFE THREATENING MEDICAL CONDITIONS | $5,000 |
THE GRAY ACADEMY PURPOSE: SUPPORT PROGRAMS FOR CHILDREN WITH NEUROLOGICAL DISORDERS | $10,000 |