Laposta-Banketas Family Foundation
- Assets
- $2.1m
- Revenue
- $150.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Washington, PA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-6320501
Organization Overview
Laposta-Banketas Family Foundation is located in Washington, PA. The organization was established in 2008. 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. Laposta-Banketas 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, Laposta-Banketas Family Foundation generated $150.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $106.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laposta-Banketas Family Foundation has awarded 171 individual grants totaling $1,515,252. 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 |
|---|---|---|---|
Geraldine Banketas Trustee | 1 | $0 | |
Thomas Banketas Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $113,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,567 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,297 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,384 |
| Total operating and administrative expenses | $22,681 |
| Contributions, gifts, grants paid | $83,417 |
| Total expenses and disbursements | $106,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,311 |
| 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 | $796,824 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,055,925 |
| 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, Laposta-Banketas Family Foundation has awarded $83,417 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
WEIRTON CHIRSTIAN CENTER PURPOSE: CHILDRENS' MINISTRY | $16,718 |
NATIONAL MS SOCIETY PURPOSE: RESEARCH | $1,500 |
DUNBAR RECREATION CENTER PURPOSE: SERVING THE COMMMUNITY | $3,000 |
AARON DAVIES MEMORIAL FUND PURPOSE: SCHOLARSHIPS | $700 |
CANINE ANGELS PURPOSE: TRAINING SERVICE DOGS | $5,000 |
CHESTER-NEWELL FISH FOUND PURPOSE: SERVING THE COMMUNITY (FOOD) | $4,000 |