Lasalle Foundation
- Assets
- $5.0m
- Revenue
- $840.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 36-3511457
Organization Overview
Lasalle Foundation is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lasalle Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasalle 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 12/2022, Lasalle Foundation generated $840.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OWNS AND MANAGES A BUILDING FOR THE BENEFIT OF A GROUP OF 501(C)(3) ORGANIZATIONS THAT OCCUPY THE BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS AND MANAGES THE CORNERSTONE CENTER (THE BUILDING) AT 1111 N. WELLS, CHICAGO, ILLINOIS FOR THE BENEFIT OF A GROUP OF 501(C)(3) ORGANIZATIONS THAT OCCUPY THE BUILDING. THESE ORGANIZATIONS PROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS FOR THE GENERAL PUBLIC, INCLUDING A CHILD CARE CENTER, EDUCATIONAL PROGRAMS FOR YOUTH, AND A HIGH SCHOOL FOR DISADVANTAGE STUDENTS. THESE OCCUPANTS ARE PAYING THEIR RESPECTIVE SHARE OF THE OPERATING EXPENSES OF THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Randall K Blakey President | OfficerTrustee | 16 | $0 |
Scott Blim Treasurer | OfficerTrustee | 3 | $0 |
Dave Metz Secretary | Trustee | 1 | $0 |
Chris Campbell Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,225 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,225 |
| Total Program Service Revenue | $788,468 |
| Investment income | $538 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $840,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,002 |
| 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 | $295,389 |
| Pension plan accruals and contributions | $4,068 |
| Other employee benefits | $0 |
| Payroll taxes | $15,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,232 |
| Advertising and promotion | $0 |
| Office expenses | $7,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,634 |
| Travel | $3,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,414 |
| Insurance | $52,041 |
| All other expenses | $15,727 |
| Total functional expenses | $1,006,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,637,063 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,958,951 |
| Accounts payable and accrued expenses | $37,637 |
| 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 | $823,639 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,387 |
| Total liabilities | $870,663 |
| Net assets without donor restrictions | $4,088,288 |
| 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 | $4,958,951 |