Laverty Foundation
- Assets
- $1.1m
- Revenue
- $21.4k
- Investments
- $903.5k
- Employees
- 0
- Location
- Indianola, IA
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 42-1425617
Organization Overview
Laverty Foundation is located in Indianola, IA. The organization was established in 1994. 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. Laverty 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, Laverty Foundation generated $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $89.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Laverty Foundation has awarded 25 individual grants totaling $297,575. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS TO SELECTED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Downing Director | 0.25 | $0 | |
J Robert Burkhart Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,524 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $15,223 |
| Contributions, gifts, grants paid | $74,375 |
| Total expenses and disbursements | $89,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $230,889 |
| 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 | $106,938 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,134,410 |
| 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, Laverty Foundation has awarded $74,375 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DES MOINES METRO OPERA PURPOSE: GENERAL OPERATIONS | $10,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: MAINTAIN LANDSCAPING & EQUIPMENT REPLACEMENT | $11,000 |
HELPING HAND OF WARREN COUNTY PURPOSE: PURCHASE OF HYDROPONIC SYSTEM AND OPERATION CHRISTMAS | $7,500 |
WELIFT JOB SEARCH CENTER PURPOSE: GENERAL OPERATIONS | $5,000 |
INDIANOLA HOPE FOUNDATION PURPOSE: ASSISTING STUDENTS AND FAMILIES IN NEED | $5,000 |
WESLEY WOODS CAMP AND RETREAT CENTER PURPOSE: REPAIR AND MAINTENANCE PROJECTS | $13,375 |