Labrador Foundation
- Assets
- $1.2m
- Revenue
- $63.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 41-1975373
Organization Overview
Labrador Foundation is located in Minneapolis, MN. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Labrador 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, Labrador Foundation generated $63.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $92.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Lars Esdal President | 40 | $22,400 | |
Joseph Graba Chair | 2 | $0 | |
Carrie Bakken Secretary | 2 | $0 | |
David Clinefelter Treasurer | 2 | $0 | |
Holly Dayton Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $45,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,637 |
| Capital Gain Net Income | $17,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $462 |
| Total Revenue | $63,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,795 |
| Interest | $0 |
| Taxes | $6,542 |
| Depreciation | $0 |
| Occupancy | $4,624 |
| Travel, conferences, and meetings | $16 |
| Printing and publications | $4 |
| Other expenses | $1,821 |
| Total operating and administrative expenses | $57,321 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $92,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,283 |
| Savings and temporary cash investments | $100,892 |
| 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 | $363,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,187,612 |
| 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, Labrador Foundation has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION EVOLVING PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
EDUCATION EVOLVING PURPOSE: FOR 2020 TEACHER-POWERED SCHOOLS NATIONAL CONFERENCE. | $50,000 |