Richard J Lacks Jr Charitable Foundation
- Assets
- $356.9k
- Revenue
- $94.1k
- Investments
- $245.9k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-4091917
Organization Overview
Richard J Lacks Jr Charitable Foundation is located in Grand Rapids, MI. The organization was established in 2015. 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. Richard J Lacks Jr Charitable 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, Richard J Lacks Jr Charitable Foundation generated $94.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $96.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard J Lacks Jr Charitable Foundation has awarded 33 individual grants totaling $412,679. 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
SUPPLIES FOR HURRICANE RELIEF
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 |
|---|---|---|---|
Frank Dunten Director And President | 1 | $0 | |
Jerry Nichols Director And Secretary | 1 | $0 | |
Michael Clover Director And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,148 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $596 |
| Printing and publications | $0 |
| Other expenses | $805 |
| Total operating and administrative expenses | $8,451 |
| Contributions, gifts, grants paid | $88,321 |
| Total expenses and disbursements | $96,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,978 |
| Savings and temporary cash investments | $0 |
| 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 | $245,883 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $356,861 |
| 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, Richard J Lacks Jr Charitable Foundation has awarded $88,321 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CENTRAL HIGH SCHOOL PURPOSE: IMPROVEMENTS TO ACADEMIC AREA ON SHELDON AVE. | $50,000 |
CATHOLIC CENTRAL HIGH SCHOOL PURPOSE: IMPROVEMENTS ON THE MALL ON SHELDON AVE. | $25,000 |
DARCY BISHOP - FREEDOM WATERS FOUNDATION PURPOSE: PROVIDING FUNDING FOR EMERGENCY CAREGIVING. | $3,000 |
OUR LADY OF SORROWS CHURCH PURPOSE: THANKSGIVING/CHRISTMAS DONATION | $5,000 |
STARABILITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $2,400 |
SAN MARCO CHURCH PURPOSE: CHARITABLE MEALS | $2,921 |