Latour Family Foundation
- Assets
- $6.8m
- Revenue
- $4.5m
- Investments
- $1.7m
- Employees
- 0
- Location
- Battle Creek, MI
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-3213551
Organization Overview
Latour Family Foundation is located in Battle Creek, MI. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Latour Family 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 12/2022, Latour Family Foundation generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year.
Since 2018, Latour Family Foundation has awarded 73 individual grants totaling $5,699,637. 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 |
|---|---|---|---|
Donn A Latour President/treasurer/dir | 0 | $0 | |
Esther M Latour Vice President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,785 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$22,338 |
| Total Revenue | $4,490,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108 |
| Total operating and administrative expenses | $17,878 |
| Contributions, gifts, grants paid | $385,000 |
| Total expenses and disbursements | $402,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,235 |
| Savings and temporary cash investments | $4,912,987 |
| 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 | $1,293,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,837,197 |
| Accounts payable and accrued expenses | $5,787 |
| 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 | $5,787 |
Grants Awarded
Over the last fiscal year, Latour Family Foundation has awarded $385,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIST WORLD RADIO PURPOSE: REPAIR OF CHURCHES IN SIARGAO ISLAND, PHILLIPINES | $50,000 |
AMEN PURPOSE: AMEN CONFERENCE DONATION | $25,000 |
KEN & MABEL BRACE FOUNDATION PURPOSE: GENERAL CONTRIBUTIONS | $25,000 |
OUTPOST CENTERS INTERNATIONAL PURPOSE: UKRAINE EMERGENCY RELIEF FUND-RESTORE & REBUILD MINISTRY (OSTEP) | $25,000 |
MISSION COLLEGE OF EVANGELISM PURPOSE: WORTHY STUDENT FUND | $10,000 |
PENNSYLVANIA CONFERENCE OF SDA PURPOSE: CORE PROGRAM | $250,000 |