Lachaise Foundation
- Assets
- $3.9m
- Revenue
- $203.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1964
- Data as of
- 12/2021
- EIN
- 04-6113196
Organization Overview
Lachaise Foundation is located in Boston, MA. The organization was established in 1964. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lachaise 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 12/2021, Lachaise Foundation generated $203.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $224.5k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie P Charles Trustee | 2 | $30,000 | |
Paula R Hornbostel Director & Trustee | 20 | $30,000 | |
C F David Boit Trustee | 1 | $8,796 | |
Frederick D Ballou Trustee | 1 | $8,796 | |
Ronald D Spencer Trustee | 1 | $0 | |
Elizabeth Fleming Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,406 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,761 |
| Capital Gain Net Income | $81,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $82,465 |
| Other Income | $0 |
| Total Revenue | $202,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,592 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,259 |
| Depreciation | $0 |
| Occupancy | $27,804 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,370 |
| Total operating and administrative expenses | $222,535 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $224,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388 |
| Savings and temporary cash investments | $340,000 |
| 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 | $2,169,889 |
| Total assets | $3,943,991 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |
Slomo And Cindy Silvian Foundation Inc Melville, NY | $39,807,745 | $2,244,473 |