Lar Foundation
- Assets
- $3.3m
- Revenue
- $94.8k
- Investments
- $3.1m
- Employees
- 0
- Location
- Westlake, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-3640237
Organization Overview
Lar Foundation is located in Westlake, TX. 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. Lar 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, Lar Foundation generated $94.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.2%) each year.
Since 2020, Lar Foundation has awarded 101 individual grants totaling $654,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia M Rinard President & Treasurer | 6 | $0 | |
Luke A Rinard Vice President & Secretary | 1 | $0 | |
Ira W Silverman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,164 |
| Dividends & Interest | $106,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,717 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,684 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $64,336 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $309,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,137 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $942 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,301,877 |
| 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, Lar Foundation has awarded $245,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE ANGELS FOUNDATION PURPOSE: MILITARY/PATRIOTISM | $1,000 |
BLUE STAR FAMILIES PURPOSE: MILITARY/PATRIOTISM | $4,000 |
COMMUNITY FOOD BANK PURPOSE: FOOD SECURITY | $12,000 |
COMMUNITY FOOD PANTRY OF MCKINNEY PURPOSE: FOOD SECURITY | $6,000 |
ETERNAL WORD TELEVISION NETWORK INC PURPOSE: RELIGIOUS | $2,000 |
FOLDS OF HONOR PURPOSE: MILITARY/PATRIOTISM | $2,000 |