Laforce Family Foundation
- Assets
- $228.7k
- Revenue
- $187.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Babylon, NY
- Founding
- 09/2013
- Data as of
- 12/2020
- 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 12/2020, Laforce Family Foundation generated $187.2k 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 (6.9%) each year. All expenses for the organization totaled $281.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Laforce Family Foundation has awarded 27 individual grants totaling $1,454,900. 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
2020
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 (120,200).
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).
THE FOUNDATION MAKES CHARITABLE CONTRIBUTNS TO QUALIFIED 501C3 ORGANIZATIONS THAT PROVIDE SERVICES WITHIN THE GREEN BAY, WI METROPOLITAN AREA. FUNDING PROVIDED FOR HABITAT FOR HUMANITY GREEN BAY (25,000) AND FEED MY STARVING CHILREN (10,000).
THE FOUNDATION MAKES CHARITABLE CONTRIBUTNS TO QUALIFIED 501C3 ORGANIZATIONS WITHIN THE GREEN BAY, WI METROPOLITAN AREA. SCHOLARSHIPS FUNDED AT THE UNIVERSITY OF WISCONSIN (120,200).
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).
THE FOUNDATION MAKES CHARITABLE CONTRIBUTNS TO QUALIFIED 501C3 ORGANIZATIONS THAT PROVIDE SERVICES WITHIN THE GREEN BAY, WI METROPOLITAN AREA. FUNDING PROVIDED FOR HABITAT FOR HUMANITY GREEN BAY (25,000) AND FEED MY STARVING CHILREN (10,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Laforce Director | 1 | $0 | |
Patricia Ann Laforce Director | 1 | $0 | |
Jane Laforce Cinquini Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,145 |
| Interest on Savings | $64 |
| 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 | $187,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $812 |
| Contributions, gifts, grants paid | $280,200 |
| Total expenses and disbursements | $281,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $228,738 |
| 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 | $228,738 |
| 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, Laforce Family Foundation has awarded $560,400 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN PURPOSE: CONTRIBUTION TO UNIVERSITY | $120,200 |
UNIVERSITY OF WISCONSIN PURPOSE: CONTRIBUTION TO UNIVERSITY | $120,200 |
ST NORBERT COLLEGE PURPOSE: CONTRIIBUTION TO LOCAL UNIVERSITY | $100,000 |
ST NORBERT COLLEGE PURPOSE: CONTRIIBUTION TO LOCAL UNIVERSITY | $100,000 |
HABITAT FOR HUMANITY GREEN BAY PURPOSE: CONTRIBUTION TO LOCAL NON PROFIT AGE | $25,000 |
HOWE COMMUNITY CENTER PURPOSE: CONTRIBUTION TO LOCAL COMMUNITY CTR | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |