Laub Foundation
- Assets
- $4.3m
- Revenue
- $464.4k
- Investments
- $4.1m
- Employees
- 0
- Location
- Rocky River, OH
- Founding
- 02/1960
- Data as of
- 10/2023
- EIN
- 34-6526087
Organization Overview
Laub Foundation is located in Rocky River, OH. The organization was established in 1960. 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. Laub 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 10/2023, Laub Foundation generated $464.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $300.8k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laub Foundation has awarded 509 individual grants totaling $1,848,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Roberts Mamone Secretary | 1 | $0 | |
Katherine C Wolk Trustee | 1 | $9,000 | |
Laurence A Bartell Trustee | 1 | $0 | |
Charles Berry Trustee | 1 | $1,600 | |
Jordan Westropp Trustee | 1 | $1,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,455 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $326,908 |
| Capital Gain Net Income | $326,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $464,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $61,294 |
| Contributions, gifts, grants paid | $239,500 |
| Total expenses and disbursements | $300,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,444 |
| 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 | $191,365 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,278,481 |
| 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, Laub Foundation has awarded $239,500 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREWS OSBORNE ACADEMY PURPOSE: EDUCATIONAL GRANT | $4,500 |
APPLEWOOD CENTER PURPOSE: MENTAL HEALTH SUPPORT FOR KIDS | $4,500 |
BEAUMONT SCHOOL PURPOSE: EDUCATIONAL GRANT | $4,500 |
BALDWIN WALLACE UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $4,000 |
BECK CENTER PURPOSE: THEATRICAL SUPPORT | $3,000 |
BEREA COLLEGE PURPOSE: EDUCATIONAL GRANT | $4,000 |