Laughlin-Beers Foundation
- Assets
- $2.1m
- Revenue
- $143.7k
- Investments
- $2.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1984
- Data as of
- 12/2023
- EIN
- 75-1853364
Organization Overview
Laughlin-Beers Foundation is located in Dallas, TX. The organization was established in 1984. 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. Laughlin-Beers 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 12/2023, Laughlin-Beers Foundation generated $143.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $321.2k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 8 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 2016, Laughlin-Beers Foundation has awarded 349 individual grants totaling $2,135,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Laughlin President | 2 | $0 | |
Philip Beers Trustee | 1 | $0 | |
Carl Beers Trustee | 1 | $0 | |
Stephen Beers Trustee | 1 | $0 | |
Ashe Laughlin Trustee | 1 | $0 | |
Martha Royer Executive Director | 4 | $8,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,463 |
| Capital Gain Net Income | $70,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21 |
| Total Revenue | $143,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,192 |
| Printing and publications | $0 |
| Other expenses | $462 |
| Total operating and administrative expenses | $41,686 |
| Contributions, gifts, grants paid | $279,500 |
| Total expenses and disbursements | $321,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,418 |
| Savings and temporary cash investments | $14,937 |
| 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 | $1,301,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,068,771 |
| 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, Laughlin-Beers Foundation has awarded $279,500 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION FOUNDATION OF VIRGINIA PURPOSE: GENERAL OPERATING | $2,500 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: GENERAL OPERATING | $3,000 |
ARTS CENTER OF ORANGE PURPOSE: GENERAL OPERATING | $7,500 |
BOYS & GIRLS CLUB OF CENTRAL VIRGINIA PURPOSE: BOYS AND GIRLS CLUB OF ORANGE, VA | $8,500 |
CREATIVE ARTS CENTER OF DALLAS PURPOSE: GENERAL OPERATING | $2,500 |
DIRECT RELIEF PURPOSE: GENERAL OPERATING | $10,000 |