Lamarche Creek Foundation
- Assets
- $649.4k
- Revenue
- $9.2k
- Investments
- $614.1k
- Employees
- 0
- Location
- Wrenshall, MN
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 41-2007580
Organization Overview
Lamarche Creek Foundation is located in Wrenshall, MN. The organization was established in 2001. 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. Lamarche Creek 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, Lamarche Creek Foundation generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $48.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lamarche Creek Foundation has awarded 83 individual grants totaling $230,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Guckenberg President | 0.5 | $0 | |
June E Guckenberg Secretary/treasurer | 0.5 | $0 | |
Michael D Guckenberg Director | 0.5 | $0 | |
Ann Marie Guckenberg Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $120 |
| Dividends & Interest | $10,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,662 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $11,168 |
| Contributions, gifts, grants paid | $37,250 |
| Total expenses and disbursements | $48,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,107 |
| Savings and temporary cash investments | $30,181 |
| 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 | $649,416 |
| 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, Lamarche Creek Foundation has awarded $37,250 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BEST CHRISTMAS EVER PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $5,000 |
CARLTON CO HISTORICAL SOCIETY FOUNDATION PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $250 |
ESKO EDUCATIONAL FOUNDATION PURPOSE: PROVIDE ONE EDUCATIONAL SCHOLARSHIP | $2,500 |
CLOQUET COMMUNITY SCHOLARSHIP FOUNDATION PURPOSE: PROVIDE ONE EDUCATIONAL SCHOLARSHIP | $2,500 |
FAMILY PATHWAYS PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $500 |
FOND DU LAC TRIBAL & COMM COLLEGE FOUNDATION PURPOSE: PROVIDE TWO EDUCATIONAL SCHOLARSHIPS | $6,000 |