Laughing Gull Foundation
- Assets
- $0.0
- Revenue
- $8.4m
- Investments
- $21.5m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 02/2013
- Data as of
- 12/2020
- EIN
- 36-4749289
Organization Overview
Laughing Gull Foundation is located in Durham, NC. The organization was established in 2013. 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. Laughing Gull 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 12/2020, Laughing Gull Foundation generated $8.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $5.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laughing Gull Foundation has awarded 469 individual grants totaling $19,110,647. 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 |
|---|---|---|---|
Terrell Blount Program Offi | 40 | $93,830 | |
Christopher Cuevas Program Offi | 40 | $90,000 | |
Karen A Carlton Coordinator | 40 | $68,496 | |
Marjorie Williams Coward Chair | 5 | $0 | |
Emily Coward Secretary | 5 | $0 | |
Marjorie Owen Baesmith President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,523,485 |
| Interest on Savings | $201,674 |
| Dividends & Interest | $389,189 |
| Profit on Inventory Sales | $0 |
| Other Income | -$154,594 |
| Total Revenue | $8,448,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $39,867 |
| Depreciation | $19,815 |
| Occupancy | $27,346 |
| Travel, conferences, and meetings | $22,168 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $974,772 |
| Contributions, gifts, grants paid | $4,350,000 |
| Total expenses and disbursements | $5,324,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,067,929 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,033 |
Grants Awarded
Over the last fiscal year, Laughing Gull Foundation has awarded $4,721,880 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING EQUITY & ALIGN FOR ENV JUS PURPOSE: GRANTMAKING TO EJ GRASSROOTS GROUPS | $150,000 |
FUNDERS FOR LGBTQ ISSUES PURPOSE: OITS INITIATIVE AND OITS FUND | $125,000 |
Charlotte, NC PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Minneapolis, MN PURPOSE: TRANS GENERATIONS | $100,000 |
CIRCLE FOR JUSTICE INNOVATIONS PURPOSE: FREE HER FUND/ STARVING THE BEAST | $100,000 |
Asheville, NC PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |