Joseph J Laurencelle Memorial Foundation
- Assets
- $3.3m
- Revenue
- $441.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 06/1995
- Data as of
- 07/2023
- EIN
- 38-3209958
Organization Overview
Joseph J Laurencelle Memorial Foundation is located in Bloomfield Hills, MI. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph J Laurencelle Memorial 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 07/2023, Joseph J Laurencelle Memorial Foundation generated $441.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $160.3k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Joseph J Laurencelle Memorial Foundation has awarded 66 individual grants totaling $443,580. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Laurencelle President | 2 | $0 | |
Michael Flynn VP | 1 | $0 | |
Brian Sutton Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $211,276 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,331 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $441,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,860 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,020 |
| Total operating and administrative expenses | $23,280 |
| Contributions, gifts, grants paid | $137,000 |
| Total expenses and disbursements | $160,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $3,264,030 |
| Accounts payable and accrued expenses | $112,900 |
| 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 | $112,900 |
Grants Awarded
Over the last fiscal year, Joseph J Laurencelle Memorial Foundation has awarded $137,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ME2 CLASSICAL MUSIC MENTAL HEALH PURPOSE: MENTAL HEALTH | $1,000 |
BROTHER RICE HIGH SCHOOL PURPOSE: MENTAL HEALTH | $5,500 |
WIWD FOUNDATION PURPOSE: MENTAL HEALTH | $1,000 |
DIVINE CHILD HIGH SCHOOL PURPOSE: MENTAL HEALTH | $7,500 |
LOYOLA HIGH SCHOOL PURPOSE: MENTAL HEALTH | $7,500 |
UNIVERSITY OF DETROIT PURPOSE: MENTAL HEALTH | $7,500 |