Mclaren Lapeer Region Foundation
- Assets
- $5.1m
- Revenue
- $330.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lapeer, MI
- Founding
- 12/1986
- Data as of
- 09/2023
- EIN
- 38-2689603
Organization Overview
Mclaren Lapeer Region Foundation is located in Lapeer, MI. The organization was established in 1986. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Lapeer Region 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 09/2023, Mclaren Lapeer Region Foundation generated $330.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $215.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mclaren Lapeer Region Foundation has awarded 11 individual grants totaling $1,215,155. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR THE PURCHASE OF EQUIPMENT, THE DEVELOPMENT OF A CANCER CENTER IN THE COMMUNITY, AND TO PROVIDE SUPPORT FOR THE PROGRAMS OF MCLAREN LAPEER REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT AWARDS TO LAPEER COMMUNITY NON-PROFIT ORGANIZATIONS -RELATED HOSPITAL MEDICAL EQUIPMENT AND CHILD ADVOCACY PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Warren Director | Trustee | 0.3 | $0 |
Charlie Mann Director | Trustee | 0.3 | $0 |
Diane Scott Director | Trustee | 0.3 | $0 |
Dr Elfatih Abter Director | Trustee | 0.3 | $0 |
Dr Kenneth Tarr Director | Trustee | 0.3 | $0 |
Fred Korte Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,826 |
| Related organizations | $15,494 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,307 |
| Total Program Service Revenue | $0 |
| Investment income | $44,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,726 |
| Net Income from Fundraising Events | -$49,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,127 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,569 |
| Fees for services: Other | $2,070 |
| Advertising and promotion | $175 |
| Office expenses | $3,454 |
| Information technology | $2,897 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $100 |
| Total functional expenses | $215,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $398,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $4,676,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,075,377 |
| Accounts payable and accrued expenses | $308,801 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $308,801 |
| Net assets without donor restrictions | $1,546,196 |
| Net assets with donor restrictions | $3,220,380 |
| 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 | $5,075,377 |
Grants Awarded
Over the last fiscal year, Mclaren Lapeer Region Foundation has awarded $173,127 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MCLAREN LAPEER REGION PURPOSE: MEDICAL EQUIPMENT FOR HOSPITAL | $73,127 |
LAPEER COUNTY COMMUNITY FOUNDATION PURPOSE: SUPPORT FOR THE LAPEER COMMUNITY LEAF (LAPEER CO. EDUCATION ATTAINMENT FUND) PROGRAM . | $50,000 |
THE CHILD ADVOCACY CENTER OF LAPEER COUNTY PURPOSE: FUNDS TO BE USED TOWARD A MEDICAL SUITE AT THE CHILD ADVOCACY CENTER, SERVICES TO CHILDREN IN LAPEER COUNTY WHO HAVE BEEN VICTIMS OF SEXUAL AND PHYSICAL ABUSE, NEGLECT, AND HUMAN TRAFFICKING. | $50,000 |