Life Investors Fortunaires Club Charitable Foundation Inc

Organization Overview

Life Investors Fortunaires Club Charitable Foundation Inc, operating under the name Fortunaires Foundation, is located in Cedar Rapids, IA. The organization was established in 1968. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Fortunaires 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, Fortunaires Foundation generated $126.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $63.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ENCOURAGE AND SUPPORT MATCHING CONTRIBUTIONS TO QUALIFYING CHARITIES AND WORTHY CAUSES IN THE LOCAL COMMUNITIES OF THE PARTICIPANTS AND FRIENDS OF THE ORGANIZATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIFE INVESTORS FORTUNAIRES CLUB GRANTS GIFTS TO WORTHY, NEEDY, AND/OR CHARITABLE INSTITUTIONS AND ORGANIZAITONS


SCHOLORSHIPS. A FIVE MEMBER COMMITTEE EVALUATES CANDIDATES BASED UPON THEIR ACADEMIC STANDING AND COMMUNITY/SCHOOL ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Fox
Past Pres
$0
Scott Anderson
Pres
$0
Dave Menard
VP
$0
Jeff Bigler
Treasurer
$0
Jo Carbaugh
Secretary
$0
Lance Carlson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$16,400
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$65,730
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$82,130
Total Program Service Revenue$0
Investment income $27,181
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,617
Net Income from Fundraising Events -$3,160
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $126,768

Grants Awarded

Over the last fiscal year, Life Investors Fortunaires Club Charitable Foundation Inc has awarded $50,805 in support to 3 organizations.

Grant RecipientAmount

CHRIS NORTON FND

PURPOSE: GENERAL OPERATIONS

$31,350

MYA STRONG FND

PURPOSE: GENERAL OPERATIONS

$7,330

KEWANEE ROTARY FND INC

PURPOSE: GENERAL OPERATIONS

$12,125
View Grant Profile

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