Raymond & Lorraine Letourneau
- Assets
- $235.5k
- Revenue
- $13.0k
- Investments
- $212.7k
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 03-0277007
Organization Overview
Raymond & Lorraine Letourneau is located in Portsmouth, NH. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond & Lorraine Letourneau 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 12/2021, Raymond & Lorraine Letourneau generated $13.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $16.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Letourneau President | 0.1 | $0 | |
Dena Wager Treasurer/ Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $8,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,718 |
| Capital Gain Net Income | $4,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,667 |
| Contributions, gifts, grants paid | $14,600 |
| Total expenses and disbursements | $16,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,813 |
| 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 | $235,497 |
| 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, Raymond & Lorraine Letourneau has awarded $14,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ZACHARY JOHNSON PURPOSE: SCHOLARSHIP | $3,650 |
WALTER P BIGGS PURPOSE: SCHOLARSHIP | $3,650 |
PAYTON B KARSON PURPOSE: SCHOLARSHIP | $3,650 |
LIAM THOMAS WILSON PURPOSE: SCHOLARSHIP | $3,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Concord Consortium Inc Concord, MA | $4,473,971 | $11,489,391 |
Charles E Cotting Charitable Corp Boston, MA | $113,711,021 | $14,477,400 |
Wcs - 333 South Street Inc Shrewsbury, MA | $39,740,486 | $7,489,378 |
Board Of Regents Of Higher Ed Mass Tchrs Assoc H & W Fund Milton, MA | $6,201,016 | $7,705,750 |
Salem State University Foundation Inc Salem, MA | $50,036,671 | $9,786,265 |
Harvard Global Research And Support Services Inc Cambridge, MA | $4,102,783 | $7,593,070 |
Phemus Corporation Boston, MA | $816,479,515 | $2,564,792 |
The Schott Foundation For Public Education Cambridge, MA | $15,969,642 | $12,715,435 |
St Sebastians School Fund Inc Needham, MA | $80,855,247 | $9,974,980 |