Laub Foundation
- Assets
- $4.1m
- Revenue
- $243.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Rocky River, OH
- Founding
- 02/1960
- Data as of
- 10/2022
- 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 10/2022, Laub Foundation generated $243.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $349.5k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laub Foundation has awarded 512 individual grants totaling $1,851,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine C Wolk Trustee | 1 | $6,750 | |
Jordan Westropp Trustee | 1 | $1,600 | |
Charles Berry Trustee | 1 | $1,600 | |
Laurence A Bartell Trustee | 1 | $0 | |
Lisa Roberts Mamone Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,577 |
| Capital Gain Net Income | $111,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $243,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,950 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $68,513 |
| Contributions, gifts, grants paid | $281,000 |
| Total expenses and disbursements | $349,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,983 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,114,912 |
| 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 $281,000 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: EDUCATIONAL GRANT | $9,000 |
CLEVELAND MUSEUM OF ART- STUDENT PROGRAMS PURPOSE: SUPPORT FOR ARTS | $7,500 |
Willoughby, OH PURPOSE: EDUCATIONAL GRANT | $5,000 |
APPLEWOOD CENTER PURPOSE: MENTAL HEALTH SUPPORT FOR KIDS | $5,000 |
Cleveland, OH PURPOSE: HISTORICAL PRESERVATION | $5,000 |
BEAUMONT SCHOOL PURPOSE: EDUCATIONAL GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |