Laurel Foundation
- Assets
- $0.0
- Revenue
- $71.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 95-4556814
Organization Overview
Laurel Foundation is located in South Pasadena, CA. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Laurel 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, Laurel Foundation generated $71.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Laurel Foundation has awarded 275 individual grants totaling $42,936,606. 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.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,302 |
| Capital Gain Net Income | $156,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,580 |
| Total Revenue | $71,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $922 |
| Printing and publications | $0 |
| Other expenses | $12,978 |
| Total operating and administrative expenses | $115,390 |
| Contributions, gifts, grants paid | $2,470,353 |
| Total expenses and disbursements | $2,585,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Laurel Foundation has awarded $6,528,106 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
EASTSIDE COLLEGE PREPARATORY SCHOOL PURPOSE: EASTSIDE SCHOLARSHIP PROGRAM | $84,000 |
GREATER HORIZONS PURPOSE: GENERAL OPERATING SUPPORT | $1,869,053 |
LYMELIGHT FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
MERCY BEYOND BORDERS PURPOSE: GENERAL OPERATING SUPPORT | $240,000 |
MERCY BEYOND BORDERS PURPOSE: 2022 GALA SPONSORSHIP | $25,000 |
SEAL FUTURE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |