Larouche Legacy Foundation
- Assets
- $134.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Leesburg, VA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3645070
Organization Overview
Larouche Legacy Foundation is located in Leesburg, VA. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Larouche Legacy Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larouche Legacy 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, Larouche Legacy Foundation generated $2.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (74.0%) each year. All expenses for the organization totaled $120.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITABLE AND EDUCATIONAL MISSION OF THE LAROUCHE LEGACY FOUNDATION IS TO DEEPEN UNDERSTANDING OF, AND TO EDUCATE THE AMERICAN PUBLIC, POLICYMAKERS AND THE MEDIA, ABOUT THE SCIENTIFIC AND LITERARY WORK OF THE AMERICAN PHYSICAL ECONOMIST, LYNDON LAROUCHE, JR., AND TO HELP ACHIEVE INTERNATIONAL FAMILIARITY WITH HIS WORK AND FURTHER HIS SCIENTIFIC ADVANCES IN THE FIELDS OF THE PHYSICAL ECONOMY, PHYSICAL SCIENCE, HISTORIOGRAPHY AND THE ROLE OF CLASSICAL CULTURE IN NURTURING AND ENHANCING HUMAN CREATIVITY.
Describe the Organization's Program Activity:
Part 3
IN 2021, THE LAROUCHE LEGACY FOUNDATION HELD A ONE-DAY, ON-LINE INTERNATIONAL SEMINAR WITH LEADING INTERNATIONAL EXPERTS TO EXAMINE THE CONTRIBUTIONS OF LYNDON LAROUCHE TO THE SCIENCE OF PHYSICAL ECONOMY. HELD ON AUG. 15, 2021, THE SEMINAR'S TITLE WAS: "ON THE 50TH ANNIVERSARY OF LAROUCHE'S STUNNING FORECAST OF AUGUST 15, 1971: SO, ARE YOU FINALLY WILLING TO LEARN ECONOMICS?" APPROXIMATELY 500 PEOPLE ATTENDED, FROM OVER 20 COUNTRIES, WITH SIMULTANEOUS INTERPRETATION PROVIDED ON THE ZOOM PLATFORM IN SPANISH, FRENCH AND GERMAN. THERE WERE SPEAKERS FROM ARGENTINA, BRAZIL, CHINA, COLOMBIA, FRANCE, GERMANY, MEXICO, PERU, PHILIPPINES, RUSSIA, SLOVAKIA, TRINIDAD & TOBAGO, UKRAINE, AND THE UNITED STATES.
WE ALSO MADE SUBSTANTIAL PROGRESS IN PREPARING TO LAUNCH THE DIGITAL LAROUCHE LIBRARY OF ALL OF MR. LAROUCHE'S WORKS, INCLUDING SIGNING CONTRACTS WITH A DIGITAL ASSET MANAGEMENT SYSTEM AND A VIDEO DIGITIZATION SERVICE PROVIDER, AS WELL AS STARTING TO LOCATE AND PROCESS THE ASSETS BY HIRING A SMALL NUMBER OF PART-TIME AND CONTRACT EMPLOYEES. THIS WORK MADE IT POSSIBLE TO LAUNCH THE LAROUCHE LIBRARY ON SEPT. 11, 2022, PROVIDING AN INITIAL SAMPLING OF MR. LAROUCHE'S EXTENSIVE BODY OF WORK TO THE PUBLIC, FREE OF CHARGE.
THE LAROUCHE LEGACY FOUNDATION CONTINUED TO SELL VOLUME I OF THE COLLECTED WORKS OF LYNDON LAROUCHE AFTER ITS PUBLISHING DATE IN 2020. WE ALSO CONTINUED TO WORK ON THE PREPARATION OF THE CONTENTS OF VOLUME II OF THE COLLECTED WORKS OF LYNDON LAROUCHE, WHICH WE EXPECT TO SEND TO THE PRINTER BEFORE THE END OF 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gretchen Small President | 10 | $0 | |
Megan Dobrodt Secretary-Treasurer | 10 | $0 | |
Helga Zepp-Larouche Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $400 |
| Total Program Service Revenue | $1,750 |
| Membership dues | $0 |
| Investment income | $229 |
| Gain or Loss | -$20 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,359 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,407 |
| Professional fees and other payments to independent contractors | $16,172 |
| Occupancy, rent, utilities, and maintenance | $6,449 |
| Printing, publications, postage, and shipping | $1,490 |
| Other expenses | $63,535 |
| Total expenses | $120,053 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,248 |
| Other assets | $0 |
| Total assets | $134,461 |
| Total liabilities | $8,044 |
| Net assets or fund balances | $126,417 |