Lafon Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $40.5k
- Investments
- $91.0k
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-1595475
Organization Overview
Lafon Family Foundation Inc is located in Charleston, WV. The organization was established in 2015. 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. Lafon Family Foundation Inc 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, Lafon Family Foundation Inc generated $40.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $75.1k during the year ending 12/2021. While expenses have increased by 3.9% 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 2016, Lafon Family Foundation Inc has awarded 47 individual grants totaling $361,650. 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 |
|---|---|---|---|
Luther L Lafon President | 1 | $0 | |
Evelyn Lafon Secretary | 1 | $0 | |
Mary Lafon Vice President | 1 | $0 | |
Chris Lafon Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,646 |
| Capital Gain Net Income | $22,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,423 |
| Contributions, gifts, grants paid | $66,700 |
| Total expenses and disbursements | $75,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $967,431 |
| 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 | $1,058,449 |
| 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, Lafon Family Foundation Inc has awarded $66,700 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WVU FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO ENRICH LIVES OF THOSE TOUCHED BY WEST VIRGINIA UNIVERSITY BY MAXIMIZING PRIVATE CHARITABLE SUPPORT AND PROVIDING SERVICES TO THE UNIVERSITY AND IT'S AFFILIATED ORGANIZATIONS. | $35,000 |
RONALD MCDONALD HOUSE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSISON TO PROVIDE | $10,000 |
Logan, WV PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE SUPPORT TO FOOD BANK PROGRAMS. | $7,500 |
CLEVELAND CLINIC FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE BETTER CARE OF THE SICK, INVESTIGATION IN THEIR PROBLEMS AND FURTHER EDUCATION OF THOSE WHO SERVE. | $5,000 |
CHIEF CORNSTALK COUNCILBUCKSKIN COUNCEL BSA PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE SCOUTING PROGRAMS THAT HELPS YOUTH DEVELOP ACADEMIC SKILLS, SELF-CONFIDENCE, ETHICS, LEADERSHIP SKILLS, AND CITIZENSHIP SKILLS THAT INFLUENCE THEIR ADULT LIVES. | $2,500 |
TERRA COTTA CHARITIES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO CONDUCT THE TERRA COTTA INVITATIONAL GOLF TOURNAMENT AND DONATE ALL NET PROCEEDS GENERATED BY THE TOURNAMENT TO LOCAL CHARITIES BENEFITTING CHILDREN. | $2,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Highmark Foundation Pittsburgh, PA | $137,140,319 | $19,548,694 |