Laurel Community Foundation Inc
- Assets
- $198.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, DE
- Founding
- 08/2000
- Data as of
- 12/2019
- EIN
- 51-0396376
Organization Overview
Laurel Community Foundation Inc is located in Laurel, DE. The organization was established in 2000. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Community 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 12/2019, Laurel Community Foundation Inc generated $36.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $37.0k during the year ending 12/2019. While expenses have increased by 3.6% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO OPERATE BUILDINGS TO SHELTER AND SERVE HOMELESS FAMILIES. FAMILIES WERE SERVED FOR PERIODS OF 30 TO 90 DAYS OR UNTIL RELOCATED BY SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shwed President | 3 | $0 | |
Donald Hitchens Vice-Preside | 2 | $0 | |
Nancy Schlicker Trustee | 1 | $0 | |
Patricia Garland Trustee | 1 | $0 | |
Joanne Czernik Trustee | 1 | $0 | |
Kevin Christophel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,215 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,982 |
| Gain or Loss | $13,813 |
| Net Income from Gaming & Fundraising | $7,390 |
| Other Revenue | $0 |
| Total Revenue | $36,400 |
| 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 | $1,225 |
| Occupancy, rent, utilities, and maintenance | $26,954 |
| Printing, publications, postage, and shipping | $332 |
| Other expenses | $8,481 |
| Total expenses | $36,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,249 |
| Other assets | $0 |
| Total assets | $198,790 |
| Total liabilities | $0 |
| Net assets or fund balances | $198,790 |