Sumi Laetz Fund Incorporated
- Assets
- $480.0k
- Revenue
- $20.4k
- Investments
- $436.1k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 88-0347440
Organization Overview
Sumi Laetz Fund Incorporated is located in Las Vegas, NV. The organization was established in 1996. 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. Sumi Laetz Fund Incorporated 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, Sumi Laetz Fund Incorporated generated $20.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $15.6k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNA SANDOVAL-VILLAFANA FOR UNDERGRADUATE STUDY AT NEVADA STATE 2052 N CHRISTY LN LAS VEGAS NV 89156
EVON CHRISPINE FOR UNDERGRADUATE STUDY AT UNLV 5729 DEER BRUSH CT NLV NV 89631
CLARISA REYES FOR UNDERGRADUATE STUDY AR UNLV 7805 THOMAS PINE AVE. LV NV 89131
MISTY HAYES FOR GRADUATE STUDY AT SOUTHERN NEW HAMPSHIRE UNIV. 9013 SUCCESSFUL CT LV NV 89149
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean French Director | 1 | $0 | |
Nancy French Laetz Secretary | 1 | $0 | |
Sufa Anderson President | 1 | $0 | |
Gerald Laetz Treasurer | 4 | $0 | |
Chris French Director | 4 | $0 | |
Natasha French Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,402 |
| Interest on Savings | $29 |
| Dividends & Interest | $14,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,574 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $182 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $402 |
| Contributions, gifts, grants paid | $15,150 |
| Total expenses and disbursements | $15,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,850 |
| Savings and temporary cash investments | $0 |
| 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 | $479,987 |
| 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, Sumi Laetz Fund Incorporated has awarded $15,150 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
EVON CRSPINE PURPOSE: SCHOLARSHIP FOR STUDY AT UNIV OF NEVADA RENO | $1,200 |
ANA SANDOVAL- VILLAFANA PURPOSE: SCHOLARSHIP FOR STUDY AT NEVADA ST | $1,100 |
CLARISA REYES PURPOSE: SCHOLARSHIP FOR STUDY AT UNR | $1,100 |
RENEE HUDACEK PURPOSE: SCHOLARSHIP FOR STUDY A TEMPORIA ST | $1,000 |
LAUREN SMITH PURPOSE: SCHOLARSHIP FOR STUDY AT UNIV OF NORTH TEXAS | $1,000 |
JOHN CULLIVER PURPOSE: SCHOLARSHIP FOR STUDY AT UNIV OF NORTH TEXAS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |
Vine Street Archive Foundation Beverly Hills, CA | $42,869,625 | $7,457,505 |
Innovate Public Schools San Jose, CA | $9,500,964 | $7,956,314 |
Wadhwani Charitable Foundation Los Altos, CA | $157,667,028 | $40,374,553 |
Action Council Of Monterey County Inc Salinas, CA | $7,887,434 | $8,600,305 |
Napa Valley Vintners Healthy Community Fund St Helena, CA | $32,705,725 | $410,948 |
The Mickelson Foundation Inc La Quinta, CA | $3,360,146 | $7,165,635 |
Gofundme Org Los Altos, CA | $10,664,900 | $15,280,521 |
Opencollective Foundation Walnut, CA | $4,802,160 | $9,335,614 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |