Joseph J Laurencelle Memorial Foundation
- Assets
- $2.9m
- Revenue
- $248.1k
- Investments
- $2.9m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 06/1995
- Data as of
- 07/2022
- EIN
- 38-3209958
Organization Overview
Joseph J Laurencelle Memorial Foundation is located in Bloomfield Hills, MI. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph J Laurencelle Memorial 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 07/2022, Joseph J Laurencelle Memorial Foundation generated $248.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.2% each year . All expenses for the organization totaled $159.8k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Joseph J Laurencelle Memorial Foundation has awarded 62 individual grants totaling $398,780. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Laurencelle President | 2 | $0 | |
Candie Kearns Treasurer | 1 | $0 | |
Paul Laurencelle Vice President | 1 | $0 | |
Melissa Plaskey RN Secretary | 1 | $0 | |
Jacqueline Marie L Meyer Board Member | 1 | $0 | |
Brian Sutton Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $115,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,581 |
| Capital Gain Net Income | $31,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $248,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,960 |
| Total operating and administrative expenses | $19,323 |
| Contributions, gifts, grants paid | $140,500 |
| Total expenses and disbursements | $159,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $2,859,235 |
| Accounts payable and accrued expenses | $42,000 |
| 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 | $42,000 |
Grants Awarded
Over the last fiscal year, Joseph J Laurencelle Memorial Foundation has awarded $140,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ROSE HILL FOUNDATION PURPOSE: MENTAL HEALTH, BIPOLAR RESEARCH | $25,000 |
Southfield, MI PURPOSE: BEHAVIORAL HEALTH SERVICES | $15,000 |
KEVIN'S SONG PURPOSE: MENTAL HEALTH, SUICIDE PREVENTION | $12,500 |
MENTAL ILLNESS RESOURCE ASSOCIATION PURPOSE: MENTAL HEALTH, BIPOLAR RESEARCH | $10,000 |
COMMON GROUND PURPOSE: MENTAL HEALTH, SUBSTANCE ABUSE, SUICIDE PREVENTION | $7,500 |
MENTAL HEALTH FOUNDATION OF WEST MICHIGAN PURPOSE: MENTAL HEALTH | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Accelerate Great Schools Cincinnati, OH | $48,959,993 | $4,700,984 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |