Save The Lorraine Foundation
- Assets
- $462.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hoopeston, IL
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3754471
Organization Overview
Save The Lorraine Foundation is located in Hoopeston, IL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Save The Lorraine 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 12/2021, Save The Lorraine Foundation generated $187.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $110.3k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
RESTORING THEATRE/BENEFITS THE ENTIRE COMMUNITY/CURRENTLY SHOWING MOVIES AT A SMALLER THEATRE TO RAISE FUNDS AND BE KNOWN IN COMMUNITY WHILE CONTINUING TO WORK ON THE LORRAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Benjamin Board Member | 0 | $0 | |
Marta Pierce Board Member | 0 | $0 | |
Jim Richards President | 0 | $0 | |
Betty Richards Treasurer | 0 | $0 | |
Jeanette Andre Board Member | 0 | $0 | |
Marilyn Tyler Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,124 |
| Total Program Service Revenue | $31,262 |
| Membership dues | $0 |
| Investment income | $31 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,073 |
| Total Revenue | $187,490 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $28,476 |
| Printing, publications, postage, and shipping | $1,229 |
| Other expenses | $79,803 |
| Total expenses | $110,308 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,819 |
| Other assets | $0 |
| Total assets | $462,693 |
| Total liabilities | $37,355 |
| Net assets or fund balances | $425,338 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Save The Lorraine Foundation has recieved totaling $4,516.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Iroquois Federal Foundation Inc Watseka, IL PURPOSE: SECURITY CAMERAS | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
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