Lasalle Foundation
- Assets
- $5.2m
- Revenue
- $945.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 01/1988
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Lasalle Foundation generated $945.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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
2021
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 | $36,936 |
Karl Lauger Treasurer | OfficerTrustee | 3 | $0 |
Jeff Dykstra Chairman | Trustee | 1 | $0 |
Sarah Tang Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $103,878 |
| Government grants | $37,300 |
| 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 | $141,178 |
| Total Program Service Revenue | $789,709 |
| Investment income | $365 |
| 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 | $945,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,289 |
| 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. | $36,936 |
| Compensation of current officers, directors, key employees. | $34,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,334 |
| Pension plan accruals and contributions | $5,638 |
| Other employee benefits | $0 |
| Payroll taxes | $14,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,109 |
| Advertising and promotion | $0 |
| Office expenses | $9,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,677 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,260 |
| Insurance | $48,821 |
| All other expenses | $11,325 |
| Total functional expenses | $1,049,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,591 |
| 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 | $4,953,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,173,910 |
| Accounts payable and accrued expenses | $84,044 |
| 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 | $827,721 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,408 |
| Total liabilities | $919,173 |
| Net assets without donor restrictions | $0 |
| 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 | $4,254,737 |
| Total liabilities and net assets/fund balances | $5,173,910 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lasalle Foundation has recieved totaling $108,096.
| Awarding Organization | Amount |
|---|---|
Greater Chicago Food Depository Chicago, IL PURPOSE: DISTRIBUTE TO THE HUNGRY | $108,096 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
Kiwanis International Inc Indianapolis, IN | $39,067,168 | $19,372,757 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
East Missouri Action Agency Inc Park Hills, MO | $6,519,330 | $14,431,185 |
Peoples Resource Center Wheaton, IL | $11,624,824 | $14,489,395 |
Options In Community Living Inc Madison, WI | $7,666,427 | $12,922,524 |
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Community Alliance Of The Far Eastside Inc Indianapolis, IN | $9,902,468 | $9,126,970 |
Hoosier Christian Village Inc St Louis, MO | $24,285,430 | $9,852,963 |
Industrial Council Of Nearwest Chicago Chicago, IL | $18,846,941 | $7,031,368 |
Sinai Community Institute Inc Chicago, IL | $7,576,999 | $4,670,688 |