Larc Foundation Inc

Organization Overview

Larc Foundation Inc is located in Lafayette, LA. The organization was established in 1999. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Larc 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 06/2022, Larc Foundation Inc generated $2.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $108.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION INVESTS, MANAGES, AND SAFEGUARDS DONATIONS MADE FOR THE BENEFIT OF LARC, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES FUNDS TO PAY RETIREMENT PLAN EXPENSES FOR THE EMPLOYEES OF LARC INC AND CONTRIBUTE TO LARC INC'S ANNUAL NOEL ACADIEN FUNDRAISER.


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Board, Officers & Key Employees

Name (title)Compensation
Lyon Hebert
Secretary/tr
$0
Nicholas Gachassin III
President
$0
JD Morein
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,500
Total Program Service Revenue$0
Investment income $1,016
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,317
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,199

Grants Awarded

Over the last fiscal year, Larc Foundation Inc has awarded $106,592 in support to 2 organizations.

Grant RecipientAmount

Lafayette, LA

PURPOSE: LIGHTING PROJECTS

$70,000

Lafayette, LA

PURPOSE: 401(K) MATCH

$36,592
View Grant Profile

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