Lattner Family Foundation Inc
- Assets
- $82.5m
- Revenue
- $9.1m
- Investments
- $71.1m
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-3100839
Organization Overview
Lattner Family Foundation Inc is located in Delray Beach, FL. The organization was established in 2005. 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. Lattner Family Foundation Inc 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, Lattner Family Foundation Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $7.2m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forrest C Brown Trustee | 15 | $0 | |
Richard M Harris Trustee | 15 | $15,000 | |
Susan B Walker Trustee | 15 | $11,000 | |
Andrew L Harris Trustee | 15 | $15,000 | |
Rick Walker Trustee | 15 | $11,000 | |
Janet Brown Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $280 |
| Dividends & Interest | $3,474,428 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,585,477 |
| Capital Gain Net Income | $5,585,402 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,088 |
| Total Revenue | $9,058,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,000 |
| Other employee salaries and wages | $88,964 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95,843 |
| Depreciation | $0 |
| Occupancy | $78,969 |
| Travel, conferences, and meetings | $7,248 |
| Printing and publications | $0 |
| Other expenses | $106,254 |
| Total operating and administrative expenses | $697,758 |
| Contributions, gifts, grants paid | $6,545,682 |
| Total expenses and disbursements | $7,243,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,413,303 |
| 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 | $58,006,661 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $82,495,421 |
| 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 |