Lared Foundation
- Assets
- $29.9k
- Revenue
- $286.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Millersburg, OH
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-3946404
Organization Overview
Lared Foundation is located in Millersburg, OH. The organization was established in 2013. 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. Lared 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, Lared Foundation generated $286.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $260.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lared Foundation has awarded 73 individual grants totaling $1,084,308. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTED POSITIVE PRINCIPLES/VALUES THAT AFFECT CHARACTER DEVELOPMENT. LARED FOUNDATION ALSO DISTRIBUTED MATERIALS AND OPERATED SEMINARS TO PROVIDE TRAINING ON THESE PRINCIPLES/VALUES.
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 |
|---|---|---|---|
Jerry Anderson Founding Dir./president | 0 | $0 | |
Jerri Anderson Founding Director | 0 | $0 | |
Dawn Yoder Founding Director | 0 | $0 | |
Bernard Torrence Director/ Exec. Secretary | 20 | $0 | |
Scott Pipes Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $286,556 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $127 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,284 |
| Printing and publications | $0 |
| Other expenses | $12,170 |
| Total operating and administrative expenses | $23,310 |
| Contributions, gifts, grants paid | $236,720 |
| Total expenses and disbursements | $260,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,570 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $290 |
| 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 | $29,860 |
| Accounts payable and accrued expenses | $101 |
| 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 | $101 |
Grants Awarded
Over the last fiscal year, Lared Foundation has awarded $224,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BERLIN CHRISTIAN FELLOWSHIP PURPOSE: PROGRAM SUPPORT | $4,000 |
COLUMBIA INTERNATIONAL UNIVERSITY PURPOSE: PROGRAM SUPPORT | $180,000 |
EQUIP LEADERSHIP INC PURPOSE: PROGRAM SUPPORT | $30,000 |
LEADERS EDGE PURPOSE: PROGRAM SUPPORT | $10,000 |