Laurel Ridge Foundation Incorporated
- Assets
- $110.5k
- Revenue
- $27.7k
- Investments
- $59.4k
- Employees
- 0
- Location
- Litchfield, CT
- Founding
- 03/1960
- Data as of
- 12/2023
- EIN
- 06-6068991
Organization Overview
Laurel Ridge Foundation Incorporated is located in Litchfield, CT. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Laurel Ridge Foundation 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 12/2023, Laurel Ridge Foundation Incorporated generated $27.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $28.1k during the year ending 12/2023. While expenses have increased by 26.5% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN DAFFODIL GARDENS FOR PUBLIC VIEWING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Morosani President/trustee | 0 | $0 | |
J W Morsani Treasurer / Trustee | 1 | $0 | |
James E Thompson 4th Trustee | 0 | $0 | |
R Morosani Trustee | 0 | $0 | |
Alessandro Morosani Secretary / Trustee | 0 | $0 | |
V S Walsh Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,100 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,581 |
| Total Revenue | $27,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,991 |
| Total operating and administrative expenses | $3,061 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $28,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,053 |
| 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 | $59,437 |
| Net Land, buildings, and equipment | $44,000 |
| Other assets | $0 |
| Total assets | $110,490 |
| 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 Ridge Foundation Incorporated has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OLIVER WOLCOTT LIBRARY PURPOSE: DONATION | $12,500 |
ARETHUS FARM FOUNDATION PURPOSE: DONATION | $10,000 |
WHITE MEMORIAL CONSERVATION CENTER PURPOSE: DONATION | $1,500 |
VARIOUS UNDER 250 PURPOSE: DONATION | $1,000 |