Larose Foundation Inc
- Assets
- $380.8k
- Revenue
- $8.1k
- Investments
- $372.2k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 47-1350949
Organization Overview
Larose Foundation Inc is located in Greensboro, NC. The organization was established in 2016. 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. Larose 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 12/2022, Larose Foundation Inc generated $8.1k 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 (40.3%) each year. All expenses for the organization totaled $5.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Larose Foundation Inc has awarded 50 individual grants totaling $456,500. 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
MEDICAL MISSIONS FOUNDATION PROVIDES SURGICAL & MEDICAL CARE IN UNDERSERVED COMMUNITIES THROUGHOUT THE WORLD.
THE NATURAL SCIENCE CENTER OF GREENSBORO, INC. WHOSE MISSION IS TO OFFER ONE-OF-A-KIND SCIENCE EXPERIENCES FOR CHILDREN, FAMILIES AND VISITORS FROM THE TRIAD AND AND BEYOND.
REACHING A GENERATION USA INC. PARTNERS WITH CHURCHES, AND SCHOOLS FOR THE PURPOSE OF EFFECTING POSITIVE CHANGE IN LIVES OF THE CHILDREN OF SOUTHERN AFRICA.
DUKE CHILDREN'S HOSPITAL IS DEDICATED TO EXCELLENCE IN PATIENT CARE, EDUCATION AND RESEARCH FOCUSED ON THE SPECIAL NEEDS OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Larose President | 0 | $0 | |
Jason Sparrow Chairperson | 0 | $0 | |
Chuck Furr Treasurer | 0 | $0 | |
Eva Jordan Secretary | 0 | $0 | |
Donald Sparrow Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $8,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$729 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,419 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,131 |
| Savings and temporary cash investments | $2,469 |
| 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 | $380,827 |
| 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, Larose Foundation Inc has awarded $66,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE CHILDREN'S HOSPITAL PURPOSE: CHILDREN'S HOSPITAL FUND | $10,000 |
GRIMSLEY HIGH SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $1,000 |
MEDICAL MISSIONS FOUNDATION PURPOSE: MEDIAL CARE UNDERSERVED COMMUNITIES | $10,000 |
PAGE HIGH SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $1,000 |
REACHING A GENERATION USA INC PURPOSE: CHILDREN OF SOUTH AFRICA | $20,000 |
BELEWS CREEK FIRE & RESCUE PURPOSE: FIRE & RESCUE SERVICES SUPPORT | $1,000 |