Lapointe - Krebs Foundation Inc
- Assets
- $226.8k
- Revenue
- $112.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Pascagoula, MS
- Founding
- 08/2014
- Data as of
- 09/2022
- EIN
- 46-1410596
Organization Overview
Lapointe - Krebs Foundation Inc is located in Pascagoula, MS. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Lapointe - Krebs Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lapointe - Krebs Foundation Inc 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 09/2022, Lapointe - Krebs Foundation Inc generated $112.9k 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 (7.2%) each year. All expenses for the organization totaled $111.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, MAINTAIN AND OPERATE THE LA POINTE-KREBS HOUSE, ADJACENT GROUNDSAND STRUCTURE IN ORDER TO PRESERVE THE HISTORIC PROPERTY FOR FUTHER GENERATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, MAINTAIN AND OPERATE THE LA POINTE-KREBS HOUSE, ADJACNET GROUNDS AND STRUCTURES IN ORDER TO PRESERVE THE HISTORIC PROPERTY FOR FUTURE GENERATIONS
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 |
|---|---|---|---|
Jim Underwood President | Officer | 0 | $0 |
Alice Baker Secretarytreasurer | Officer | 0 | $0 |
Robert Krebs VP | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,876 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,367 |
| Fees for services: Management | $6,048 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,300 |
| Advertising and promotion | $575 |
| Office expenses | $1,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,235 |
| Insurance | $744 |
| All other expenses | $4,041 |
| Total functional expenses | $111,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $893 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,150 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700 |
| Total assets | $226,842 |
| Accounts payable and accrued expenses | $6,297 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,297 |
| Net assets without donor restrictions | $219,545 |
| Net assets with donor restrictions | $1,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $226,842 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lapointe - Krebs Foundation Inc has recieved totaling $136.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tales Of The Cocktail Foundation Inc Metairie, LA | $658,022 | $2,036,416 |
Krewe Of Red Beans New Orleans, LA | $2,812,891 | $1,780,291 |
Culture Aid Nola New Orleans, LA | $593,018 | $1,795,050 |
Rick C & Belinda G Foundation Fayetteville, AR | $24,298,767 | $2,403,306 |
Jeniam Ii Foundation Memphis, TN | $1,092,809 | $484,239 |
Creativets Nashville, TN | $484,880 | $860,430 |
East Mississippi Center For Educational Development Inc Meridian, MS | $1,141,001 | $879,084 |
International Entertainment Buyers Association Nashvile, TN | $1,235,911 | $821,103 |
Foothills Resource Group Knoxville, TN | $1,511,956 | $333,812 |
Education Foundation Of The Louisiana Restaurant Assoc Inc Metairie, LA | $1,558,683 | $462,324 |
National College For Dui Defense Montgomery, AL | $903,973 | $562,274 |
Network Volunteers New Orleans, LA | $116,474 | $214,468 |