Ben Lauren Memorial Foundation
- Assets
- $276.3k
- Revenue
- $11.7k
- Investments
- $272.7k
- Employees
- 0
- Location
- Gwinn, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-2563020
Organization Overview
Ben Lauren Memorial Foundation is located in Gwinn, MI. 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. Ben Lauren Memorial 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 12/2023, Ben Lauren Memorial Foundation generated $11.7k 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 (51.0%) each year. All expenses for the organization totaled $15.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Lauren President/tr | 0 | $0 | |
Carla Lauren Secretary | 0 | $0 | |
Victoria Lauren Director | 0 | $0 | |
Levi Lauren Director | 0 | $0 | |
Credit Union Trust Trustee | 0 | $0 | |
Munson Retirement Solutions Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,573 |
| Interest on Savings | $18 |
| Dividends & Interest | $8,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $716 |
| Capital Gain Net Income | $715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $382 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,129 |
| Total operating and administrative expenses | $5,361 |
| Contributions, gifts, grants paid | $10,487 |
| Total expenses and disbursements | $15,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,627 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $276,295 |
| 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, Ben Lauren Memorial Foundation has awarded $10,487 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MARQUETTE COUNTY POLICE & PURPOSE: GENERAL OPERATING | $1,000 |
GWINN HIGH SCHOOL SCHOLARSHIP PURPOSE: GENERAL OPERATING | $1,664 |
UMIRA PURPOSE: GENERAL OPERATING | $500 |
PIGS N HEAT PURPOSE: GENERAL OPERATING | $1,000 |
LORI BRANDSTROM LIVESTOCK SHOW PURPOSE: GENERAL OPERATING | $350 |
UP STATE FAIR PURPOSE: GENERAL OPERATING | $3,572 |