Laba Foundation
- Assets
- $206.1k
- Revenue
- $23.5k
- Investments
- $31.0k
- Employees
- 0
- Location
- Kamas, UT
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 33-0707257
Organization Overview
Laba Foundation is located in Kamas, UT. The organization was established in 2002. 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. Laba 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 12/2023, Laba Foundation generated $23.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $28.9k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip D'agostini Director | 5 | $300 | |
Deborah D'agostini Director | 2 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $356 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,103 |
| Depreciation | $6,310 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,747 |
| Total operating and administrative expenses | $14,130 |
| Contributions, gifts, grants paid | $14,783 |
| Total expenses and disbursements | $28,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399 |
| Savings and temporary cash investments | $1,700 |
| 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 | $123,822 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,966 |
| Net Land, buildings, and equipment | $31,500 |
| Other assets | $17,705 |
| Total assets | $206,092 |
| Accounts payable and accrued expenses | $3,532 |
| 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 | $3,532 |
Grants Awarded
Over the last fiscal year, Laba Foundation has awarded $14,783 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ACT FOR AMERICAN EDUCATION PURPOSE: ASSIST IN ITS STATED MISSION. | $350 |
ALZHEIMER'S ASSOCIATION PURPOSE: ASSIST IN ITS STATED MISSION. | $15 |
AMERICAN CENTER FOR LAW AND JUSTICE PURPOSE: ASSIST IN STATED MISSION | $350 |
ATLAS SOCIETY PURPOSE: ASSIST IN ITS STATED MISSION. | $140 |
CAPITAL RESEARCH CENTER PURPOSE: ASSIST IN ITS STATED MISSION. | $600 |
CENTENNIAL PURPOSE: ASSIST IN ITS STATED MISSION. | $190 |