Ronald And Duska Lacount Family Foundation
- Assets
- $2.9m
- Revenue
- $1.6m
- Investments
- $2.4m
- Employees
- 0
- Location
- Minot, ND
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 45-2900721
Organization Overview
Ronald And Duska Lacount Family Foundation is located in Minot, ND. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ronald And Duska Lacount Family 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 12/2021, Ronald And Duska Lacount Family Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.7% each year . All expenses for the organization totaled $154.2k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ronald And Duska Lacount Family Foundation has awarded 108 individual grants totaling $671,120. 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 |
|---|---|---|---|
Barry G Cool Director | 0.1 | $0 | |
Michael Lacount Director | 0.1 | $0 | |
Duska Lacount Vice President/secretary/treasurer | 0.1 | $0 | |
Ronald Lacount President | 0.1 | $0 | |
Brian Lacount Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $480,864 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,085,743 |
| Capital Gain Net Income | $1,085,743 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,597,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $629 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $36,467 |
| Contributions, gifts, grants paid | $117,694 |
| Total expenses and disbursements | $154,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,664 |
| Savings and temporary cash investments | $481,042 |
| 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 | $1,742,824 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,905,374 |
| 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, Ronald And Duska Lacount Family Foundation has awarded $117,694 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
PRODEO ACADEMY PURPOSE: BRIDGE THE EDUCATION GAP FOR UNDERPRIVILEGED YOUTH | $23,538 |
Minot, ND PURPOSE: GENERAL OPERATING EXPENSES | $14,379 |
OPERATION UNDERGROUND RAILROAD PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
Fremont, MI PURPOSE: GENERAL OPERATING EXPENSES | $8,000 |
Minot, ND PURPOSE: GENERAL OPERATING EXPENSES | $8,000 |
Minot, ND PURPOSE: GENERAL OPERATING EXPENSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |