Forrest C And Frances H Lattner Foundation Inc
- Assets
- $55.4m
- Revenue
- $1.6m
- Investments
- $52.7m
- Employees
- 0
- Location
- East Greenwich, RI
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 20-3106502
Organization Overview
Forrest C And Frances H Lattner Foundation Inc is located in East Greenwich, RI. The organization was established in 2005. 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. Forrest C And Frances H Lattner 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, Forrest C And Frances H Lattner Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Forrest C And Frances H Lattner Foundation Inc has awarded 875 individual grants totaling $27,820,300. 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.
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 |
|---|---|---|---|
Drew H Hollenbeck Trustee | 10 | $186,714 | |
David W Hollenbeck Chairman | 10 | $194,388 | |
Douglas W Hollenbeck Trustee | 10 | $189,889 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93,335 |
| Dividends & Interest | $598,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$351,663 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,216,508 |
| Total Revenue | $1,556,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $570,991 |
| Other employee salaries and wages | $112,501 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88,827 |
| Depreciation | $8,774 |
| Occupancy | $4,889 |
| Travel, conferences, and meetings | $14,564 |
| Printing and publications | $0 |
| Other expenses | $236,650 |
| Total operating and administrative expenses | $1,067,154 |
| Contributions, gifts, grants paid | $3,057,500 |
| Total expenses and disbursements | $4,124,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $2,540,104 |
| 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 | $52,711,457 |
| Net Land, buildings, and equipment | $102,222 |
| Other assets | $500 |
| Total assets | $55,354,284 |
| 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 | $1,096,000 |
| Total liabilities | $1,096,000 |
Grants Awarded
Over the last fiscal year, Forrest C And Frances H Lattner Foundation Inc has awarded $3,057,500 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR NATURAL HEALTH PURPOSE: HEALTH FREEDOM PROJECTS | $30,000 |
AYERS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
ORGANIC EYE PURPOSE: ORGANIC EYE PROJECTS | $40,000 |
BIONUTRIENT FOOD ASSOCIATION PURPOSE: CONTINUE DEVELOPMENT OF REAL FOOD CAMPAIGN | $40,000 |
BIOFIELD TUNING INSTITUTE PURPOSE: PART 2 STUDY ON ANXIETY | $20,000 |
CANCER101 PURPOSE: GENERAL SUPPORT | $25,000 |