Lafferty Family Foundation Inc
- Assets
- $1.9m
- Revenue
- $151.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 11/1968
- Data as of
- 12/2021
- EIN
- 59-6199488
Organization Overview
Lafferty Family Foundation Inc is located in Naples, FL. The organization was established in 1968. 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. Lafferty Family 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 12/2021, Lafferty Family Foundation Inc generated $151.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $135.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lafferty Family Foundation Inc has awarded 149 individual grants totaling $834,083. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan D Lafferty President | 1 | $0 | |
Amy Lafferty Hsieh Secretary/treasurer | 1 | $0 | |
Robert W Lafferty Sr Director | 1 | $0 | |
Kimberly Lafferty Etzel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,667 |
| Capital Gain Net Income | $67,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,435 |
| Total Revenue | $150,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,170 |
| Total operating and administrative expenses | $45,661 |
| Contributions, gifts, grants paid | $89,740 |
| Total expenses and disbursements | $135,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,032 |
| 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 | $1,101,172 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,901,207 |
| 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, Lafferty Family Foundation Inc has awarded $102,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY BIBLE CHURCH PURPOSE: GENERAL OPERATIONS | $2,000 |
PALM BEACH ATLANTIC - FLEMING SERVICE SCHOLARSHIP FUND PURPOSE: GENERAL OPERATIONS | $100,000 |
VISION CHARITABLE TRUST - DBA MY FAITH VOTES PURPOSE: GENERAL OPERATIONS | $200 |