Lavalley Foundation
- Assets
- $38.0m
- Revenue
- $5.1m
- Investments
- $36.0m
- Employees
- 0
- Location
- Sylvania, OH
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 34-1722402
Organization Overview
Lavalley Foundation is located in Sylvania, OH. The organization was established in 1993. 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. Lavalley 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, Lavalley Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.9% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 4 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, Lavalley Foundation has awarded 121 individual grants totaling $5,342,600. 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 Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Lavalley Trustee | 3 | $0 | |
Richard G Lavalley Jr Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $268,007 |
| Dividends & Interest | $1,097,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,958,472 |
| Capital Gain Net Income | $1,958,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,726,630 |
| Total Revenue | $5,050,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,949 |
| Total operating and administrative expenses | $240,839 |
| Contributions, gifts, grants paid | $2,761,100 |
| Total expenses and disbursements | $3,001,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,955,282 |
| 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 | $18,184,061 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $32,705 |
| Total assets | $37,977,621 |
| 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 | $40,000 |
| Total liabilities | $40,000 |
Grants Awarded
Over the last fiscal year, Lavalley Foundation has awarded $2,761,100 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE LEARNING ACADEMY PURPOSE: DONEE'S EXEMPT PURPOSES | $500,000 |
Sylvania, OH PURPOSE: DONEE'S EXEMPT PURPOSES | $207,100 |
DIOCESE OF TOLEDO-GENERAL PURPOSE: DONEE'S EXEMPT PURPOSES | $200,000 |
LAZARUS EXPERIEINCE THE PURPOSE: DONEE'S EXEMPT PURPOSES | $161,000 |
TOLEDO ZOO PURPOSE: DONEE'S EXEMPT PURPOSES | $117,500 |
ST URSULA ACADEMY PURPOSE: DONEE'S EXEMPT PURPOSES | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |