L&a Foundation
- Assets
- $441.4k
- Revenue
- $15.3k
- Investments
- $413.7k
- Employees
- 0
- Location
- Boise, ID
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 52-7240271
Organization Overview
L&a Foundation is located in Boise, ID. The organization was established in 2002. 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. L&a 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, L&a Foundation generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $47.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Adams Trustee | 1 | $0 | |
Laura L Adams Trustee | 1 | $0 | |
Gary W Gunther Trustee | 2 | $4,137 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $14,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $477 |
| Capital Gain Net Income | $477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187 |
| Total Revenue | $15,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,137 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,971 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $46,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,681 |
| 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 | $441,412 |
| 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, L&a Foundation has awarded $31,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
IDAHO HUMANE SOCIETY PURPOSE: SUPPORT CARING FOR PETS. | $1,000 |
RECREATIONAL AVIATION FOUNDATION PURPOSE: SUPPORT MAINTAINING AND CREATING AIRSTRIPS. | $4,500 |
BOISE RESCUE MISSION MINISTRIES PURPOSE: HELP HOMELESS PEOPLE. | $2,000 |
ELECTRONIC PRIVACY INFORMATION CENT PURPOSE: SUPPORT PROTECTING PRIVACY IN THE INFORMATION AGE. | $2,000 |
MENDOCINO CO RESOURCE CONSERVATION PURPOSE: SUPPORT PROTECTING LANDSCAPES. | $8,500 |
PILGRIM COVE FOUNDATION PURPOSE: SUPPORT GOD AND COMMUNITY IN NATURE. | $1,000 |