Laxer Family Foundation Inc
- Assets
- $513.3k
- Revenue
- $931.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4253549
Organization Overview
Laxer Family Foundation Inc is located in Tampa, FL. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Laxer 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 12/2023, Laxer Family Foundation Inc generated $931.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $668.0k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LAXER FAMILY FOUNDATION IS A FLORIDA NOT-FOR-PROFIT CORPORATION THAT WAS FORMED TO PROMOTE AND EDUCATE PEOPLE OF ALL AGES ON THE CULINARY ARTS, HEALTHY EATING, AND SOUND LIFESTYLE CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTS SEVERAL EVENTS, AND OTHER ACTIVITIES, DURING THE YEAR THAT WILL RAISE FUNDS WITH NET PROCEEDS GOING TO CHARITIES IN THE TAMPA BAY AREA THAT PROMOTE EDUCATION, WITH EMPHASIS ON THE CULINARY ARTS, SUPPORT YOUTH ATHLETIC PROGRAMS, ALLEVIATE CHILDHOOD HUNGER, AND SUPPORT MEDICAL RESEARCH FOR DISEASES PRIMARILY AFFLICTING CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Laxer President | OfficerTrustee | 2 | $0 |
Christina Laxer Vice President | OfficerTrustee | 2 | $0 |
Kira Astle Secretary And Treasurer | OfficerTrustee | 2 | $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 | $4,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,641 |
| Total Program Service Revenue | $926,916 |
| Investment income | $320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $931,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $5,273 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,653 |
| Advertising and promotion | $1,225 |
| Office expenses | $35 |
| 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 | $19 |
| All other expenses | $5,113 |
| Total functional expenses | $668,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $513,338 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $513,338 |
| Total liabilities and net assets/fund balances | $513,338 |
Grants Awarded
Over the last fiscal year, Laxer Family Foundation Inc has awarded $83,525 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
METROPOLITAN MINISTRIES INC PURPOSE: To support the organization's mission | $10,000 |
CCDOSP TAMPA HOPE PURPOSE: To support the organization's mission | $35,000 |
THE JAMES BEARD FOUNDATION PURPOSE: To support the organization's mission | $38,525 |