La Pointe Foundation
- Assets
- $1.7m
- Revenue
- $57.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 81-5413715
Organization Overview
La Pointe Foundation is located in Raleigh, NC. The organization was established in 2017. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Pointe 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 12/2021, LA Pointe Foundation generated $57.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $195.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR HEALTH CARE, EDUCATION, AND ENTREPRENEURSHIP IN UNDERSERVED LOW INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT FOR HEALTH CARE, EDUCATION, AND ENTREPRENEURSHIP IN UNDERSERVED AND LOW INCOME COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Whitmore Managing Director | OfficerTrustee | 8 | $0 |
Charlotte Whitmore Executive Director | OfficerTrustee | 5 | $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 | $42,054 |
| Noncash contributions included in lines 1a–1f | $53 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,054 |
| Total Program Service Revenue | $0 |
| Investment income | $212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,554 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $115,100 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $492 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21,828 |
| Total functional expenses | $195,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $190,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,498,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,693 |
| Total assets | $1,710,632 |
| Accounts payable and accrued expenses | $1,045 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,045 |
| Net assets without donor restrictions | $1,709,587 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,710,632 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that La Pointe Foundation has recieved totaling $505.
| Awarding Organization | Amount |
|---|---|
Stclare Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Foundation For Electoral Systems Arlington, VA | $29,872,159 | $76,376,806 |
Kingsway Charities Inc Bristol, VA | $22,739,501 | $63,381,174 |
Operation Smile Inc Virginia Beach, VA | $94,902,554 | $85,245,515 |
Ipas Chapel Hill, NC | $140,923,971 | $66,162,811 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
Water Missions International North Charleston, SC | $21,599,484 | $32,689,545 |
Rainforest Trust Warrenton, VA | $101,886,271 | $70,481,732 |
U S Dairy Export Council Inc Arlington, VA | $16,612,208 | $30,970,567 |
Gsma Mobile For Development Foundation Inc Atlanta, GA | $8,779,142 | $24,580,259 |
Inmed Partnerships For Children Inc Sterling, VA | $1,243,329 | $2,714,257 |
Medshare International Decatur, GA | $29,183,563 | $28,819,803 |