Frances & Jane S Lausche Foundation
- Assets
- $1.1m
- Revenue
- $33.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Richmond Hts, OH
- Founding
- 09/1988
- Data as of
- 12/2023
- EIN
- 34-1585461
Organization Overview
Frances & Jane S Lausche Foundation is located in Richmond Hts, OH. The organization was established in 1988. 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. Frances & Jane S Lausche 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, Frances & Jane S Lausche Foundation generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $70.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frances & Jane S Lausche Foundation has awarded 70 individual grants totaling $168,500. 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 |
|---|---|---|---|
John Urbancich Director | 0 | $1,200 | |
Madeline Debevec Secretary | 0 | $1,200 | |
James Debevec President | 0 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $44,551 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,896 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $360 |
| Total Revenue | $33,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $588 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,600 |
| Printing and publications | $0 |
| Other expenses | $3,157 |
| Total operating and administrative expenses | $30,573 |
| Contributions, gifts, grants paid | $39,500 |
| Total expenses and disbursements | $70,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,221 |
| 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 | $1,117,084 |
| 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, Frances & Jane S Lausche Foundation has awarded $39,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND SIGHT BANK PURPOSE: GRANT | $2,000 |
CUYAHOGA COUNTY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $3,000 |
GREATER CLEVEALND FOOD BANK PURPOSE: GRANT | $1,000 |
HOSPICE OF WESTERN RESERVE PURPOSE: GRANT | $2,000 |
OUR LADY OF LOURDES SHRINE PURPOSE: GRANT | $4,000 |
ROSE MARY CENTER PURPOSE: GRANT | $2,000 |