Gordon R Larson Foundation Tr Agreement
- Assets
- $3.6m
- Revenue
- $217.4k
- Investments
- $3.4m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 54-1895344
Organization Overview
Gordon R Larson Foundation Tr Agreement is located in Virginia Beach, VA. The organization was established in 1998. 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. Gordon R Larson Foundation Tr Agreement 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, Gordon R Larson Foundation Tr Agreement generated $217.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $285.1k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 5 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.
Since 2018, Gordon R Larson Foundation Tr Agreement has awarded 53 individual grants totaling $1,058,295. 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
DISTRIBUTED ITS INCOME TO THE NAMED CHARITABLE BENEFICIARIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $110,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,585 |
| Capital Gain Net Income | $106,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $217,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $484 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $51,775 |
| Contributions, gifts, grants paid | $233,325 |
| Total expenses and disbursements | $285,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,846 |
| Savings and temporary cash investments | $209,161 |
| 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 | $3,570,033 |
| 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, Gordon R Larson Foundation Tr Agreement has awarded $233,325 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF SOUTHEASTERN VIRGINIA PURPOSE: HEALTH | $583 |
FOODBANK OF SOUTHEASTERN VIRGINIA PURPOSE: COMMUNITY | $583 |
AMERICAN CANCER SOCIETY PURPOSE: HEALTH | $583 |
LITTLE FALLS COMMUNITY HIGH SCHOOL PURPOSE: EDUCATION | $209,993 |
MARYKNOLL FATHERS AND BROTHERS PURPOSE: RELIGIOUS | $9,333 |
JUDEO CHRISTIAN OUTREACH CENTER PURPOSE: RELIGIOUS | $5,833 |