Larson Family Foundation
- Assets
- $2.4m
- Revenue
- $125.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 04-3533712
Organization Overview
Larson Family Foundation is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Larson Family 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, Larson Family Foundation generated $125.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $421.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Larson Family Foundation has awarded 122 individual grants totaling $5,000,000. 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
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey B Larson Trustee | 0 | $0 | |
Janet B Larson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,070 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,927 |
| Capital Gain Net Income | $13,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $82,257 |
| Total Revenue | $125,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,169 |
| Total operating and administrative expenses | $51,919 |
| Contributions, gifts, grants paid | $370,000 |
| Total expenses and disbursements | $421,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,023 |
| 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 | $1,577,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,386,453 |
| Accounts payable and accrued expenses | $70 |
| Grants payable | $10,000 |
| 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 | $10,070 |
Grants Awarded
Over the last fiscal year, Larson Family Foundation has awarded $370,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ON THE RISE PURPOSE: GENERAL | $75,000 |
LEA PURPOSE: GENERAL | $20,000 |
EDVESTORS PURPOSE: GENERAL | $60,000 |
DESERT COMMUNITY FOUNDA PURPOSE: GENERAL | $10,000 |
FULL FRAME INITIATIVE (CCF) PURPOSE: GENERAL | $70,000 |
MACALESTER COLLEGE ANNUAL FUND PURPOSE: GENERAL | $10,000 |