Larson Family Foundation Inc
- Assets
- $2.2m
- Revenue
- $184.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 01/1997
- Data as of
- 11/2023
- EIN
- 31-1494115
Organization Overview
Larson Family Foundation Inc is located in Morristown, NJ. The organization was established in 1997. 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. Larson 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 11/2023, Larson Family Foundation Inc generated $184.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $336.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Larson Family Foundation Inc has awarded 54 individual grants totaling $2,386,026. 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 |
|---|---|---|---|
Wayne Boote Co-President/trustee | 0 | $0 | |
Dana Larson Boote Secretary/trustee | 0 | $0 | |
Philip J Siana Treasurer/trustee | 0 | $0 | |
Ryan Artigues Co-President/trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,063 |
| Capital Gain Net Income | $93,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $184,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,061 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,160 |
| Total operating and administrative expenses | $41,021 |
| Contributions, gifts, grants paid | $295,750 |
| Total expenses and disbursements | $336,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,637 |
| Savings and temporary cash investments | $8,084 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,200,841 |
| Total assets | $2,211,562 |
| 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, Larson Family Foundation Inc has awarded $295,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $10,000 |
AREA AGENCY ON AGING PURPOSE: GENERAL SUPPORT | $3,000 |
ARIZONA MUSICFEST PURPOSE: GENERAL SUPPORT | $50,000 |
ARIZONA STATE UNIVERSITY ATHLETICS PURPOSE: GENERAL SUPPORT | $5,000 |
BOYS & GIRLS CLUB OF AMERICA PURPOSE: GENERAL SUPPORT | $210,000 |
COLORADO SPRINGS FOOD BANK PURPOSE: GENERAL SUPPORT | $4,000 |