Lamarche Creek Foundation
- Assets
- $688.6k
- Revenue
- $453.4k
- Investments
- $624.2k
- Employees
- 0
- Location
- Wrenshall, MN
- Founding
- 08/2001
- Data as of
- 12/2021
- 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 12/2021, Lamarche Creek Foundation generated $453.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $38.0k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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 2016, Lamarche Creek Foundation has awarded 71 individual grants totaling $193,500. 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 |
|---|---|---|---|
June E Guckenberg Secretary/treasurer | 0.5 | $0 | |
David S Guckenberg President | 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 | $430,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $5,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,087 |
| Capital Gain Net Income | $18,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $7,286 |
| Contributions, gifts, grants paid | $30,750 |
| Total expenses and disbursements | $38,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,612 |
| Savings and temporary cash investments | $29,747 |
| 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 | $688,595 |
| 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 $30,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: PROVIDE TWO EDUCATIONAL SCHOLARSHIPS | $10,000 |
Cloquet, MN PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $5,000 |
Virginia, MN PURPOSE: PROVIDE TWO EDUCATIONAL SCHOLARSHIPS | $5,000 |
Cloquet, MN PURPOSE: PROVIDE TWO EDUCATIONAL SCHOLARSHIPS | $5,000 |
Esko, MN PURPOSE: PROVIDE ONE EDUCATIONAL SCHOLARSHIP | $2,500 |
Washington, DC PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |