Laforce Family Foundation
- Assets
- $317.4k
- Revenue
- $246.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Babylon, NY
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 46-2758257
Organization Overview
Laforce Family Foundation is located in Babylon, NY. The organization was established in 2013. 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. Laforce Family 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, Laforce Family Foundation generated $246.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $250.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Laforce Family Foundation has awarded 35 individual grants totaling $2,016,700. 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 FOUNDATION MAKES CHARITABLE CONTRIBUTNS TO QUALIFIED 501C3 ORGANIZATIONS WITHIN THE GREEN BAY, WI METROPOLITAN AREA. SCHOLARSHIPS FUNDED AT THE UNIVERSITY OF WISCONSIN (125,000).
THE FOUNDATION MAKES CHARITABLE CONTRIBUTNS TO QUALIFIED 501C3 ORGANIZATIONS WITHIN THE GREEN BAY, WI METROPOLITAN AREA. SCHOLARSHIPS FUNDED AT ST NORBERT COLLEGE (100,000)
THE FOUNDATION MAKES CHARITABLE CONTRIBUTNS TO QUALIFIED 501C3 ORGANIZATIONS WITHIN THE GREEN BAY, WI METROPOLITAN AREA. FUNDING PROVIDED FOR THE HOWE COMMUNITY CENTER (25,000).
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 |
|---|---|---|---|
James Laforce Director | 0 | $0 | |
Patricia Ann Laforce Director | 0 | $0 | |
Jane Laforce Cinquini Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $246,761 |
| Interest on Savings | $74 |
| 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 | $246,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $845 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $250,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $317,377 |
| 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 | $317,377 |
| Accounts payable and accrued expenses | $814 |
| 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 | $814 |
Grants Awarded
Over the last fiscal year, Laforce Family Foundation has awarded $250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN PURPOSE: CONTRIBUTION TO UNIVERSITY | $125,000 |
HOWE COMMUNITY CENTER PURPOSE: CONTRIBUTION TO LOCAL COMMUNITY CTR | $25,000 |
ST NORBERT COLLEGE PURPOSE: CONTRIIBUTION TO LOCAL UNIVERSITY | $100,000 |