The Laboiteaux Family Foundation
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $2.7m
- Employees
- 0
- Location
- Essex, CT
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 31-1346390
Organization Overview
The Laboiteaux Family Foundation is located in Essex, CT. The organization was established in 1992. 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. Laboiteaux 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, Laboiteaux Family Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Laboiteaux Family Foundation has awarded 74 individual grants totaling $1,649,355. 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 |
|---|---|---|---|
Antoinette Laboiteaux Vice President | 1 | $0 | |
Eliza T Sharp President | 1 | $0 | |
Matt Sharp Secretary | 1 | $0 | |
Essex Trust Foundation Manager | 1 | $4,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,238,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $155,963 |
| Capital Gain Net Income | $155,963 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,394,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,937 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $505,692 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $525,920 |
| Contributions, gifts, grants paid | $942,005 |
| Total expenses and disbursements | $1,467,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $2,710,967 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,710,967 |
| 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, The Laboiteaux Family Foundation has awarded $942,005 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ISLESBRO ISLANDS TRUST PURPOSE: GENERAL SUPPORT | $1,000 |
PRIPET RIDING PROGRAM PURPOSE: GENERAL SUPPORT | $10,000 |
THE SEVEN HILLS SCHOOL PURPOSE: NEW MIDDLE SCHOOL | $30,000 |
THE COUNTRY SCHOOL PURPOSE: PROGRAM SUPPORT | $30,000 |
LYMAN ALLYN ART MUSEUM PURPOSE: OPERATING EXENSES | $20,000 |
MISS PORTERS'S SCHOOL PURPOSE: PROGRAM SERVICES | $135,000 |