Lapointe - Krebs Foundation Inc
- Assets
- $216.4k
- Revenue
- $82.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Pascagoula, MS
- Founding
- 08/2014
- Data as of
- 09/2023
- 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 09/2023, Lapointe - Krebs Foundation Inc employed 7 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 09/2023, Lapointe - Krebs Foundation Inc generated $82.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $92.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 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
2023
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Eley Vpdirector | Officer | 0 | $0 |
Walter Gautier President | Officer | 0 | $0 |
Alice Baker Secretarytreasurer | Officer | 0 | $0 |
Glynda Smith Director | Officer | 0 | $0 |
Jimmy Krebs Director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,386 |
| Total Program Service Revenue | $0 |
| Investment income | $716 |
| 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 | $8,581 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,683 |
| 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 | $33,444 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,462 |
| Advertising and promotion | $2,440 |
| Office expenses | $898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,373 |
| 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 | $9,788 |
| Insurance | $744 |
| All other expenses | $2,774 |
| Total functional expenses | $92,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $893 |
| Accounts receivable, net | -$5 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,455 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700 |
| Total assets | $216,434 |
| Accounts payable and accrued expenses | $6,149 |
| 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 | $6,149 |
| Net assets without donor restrictions | $209,285 |
| 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 | $216,434 |