Leonette M & Fred T Lanners Foundation
- Assets
- $3.1m
- Revenue
- $782.2k
- Investments
- $2.9m
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 41-1700476
Organization Overview
Leonette M & Fred T Lanners Foundation is located in Plymouth, MN. The organization was established in 1991. 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. Leonette M & Fred T Lanners 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 12/2023, Leonette M & Fred T Lanners Foundation generated $782.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $202.0k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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 2015, Leonette M & Fred T Lanners Foundation has awarded 196 individual grants totaling $1,194,720. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Lanners President | 0 | $0 | |
Kathleen Lanners Treasurer | 0 | $0 | |
Carol Hockert Secretary | 0 | $0 | |
Aurelia Peschken Director | 0 | $0 | |
Robert Lanners Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $775 |
| Dividends & Interest | $72,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $709,095 |
| Capital Gain Net Income | $22,883 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $782,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,633 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,457 |
| Contributions, gifts, grants paid | $162,550 |
| Total expenses and disbursements | $202,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $210,792 |
| 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 | $2,860,710 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,071,502 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Leonette M & Fred T Lanners Foundation has awarded $162,550 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CONCERNED WOMEN FOR AMERICA PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $12,000 |
OUR LADY OF PEACE PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $20,000 |
THE CHARLAMAGNE INSTITUTE PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $8,000 |
CENTER OF THE AMERICAN EXPERIMENT PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $15,000 |
HILLSDALE COLLEGE PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $10,000 |
THE REDEMPTION PROJECT PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $7,500 |