Laughing Acres Family Foundation Inc
- Assets
- $3.6m
- Revenue
- $149.9k
- Investments
- $3.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 46-1715855
Organization Overview
Laughing Acres Family Foundation Inc is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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 Acres 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 12/2023, Laughing Acres Family Foundation Inc generated $149.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $257.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Laughing Acres Family Foundation Inc has awarded 167 individual grants totaling $798,640. 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 |
|---|---|---|---|
Michael Hora Trustee | 1 | $0 | |
Diane Hora Trustee | 1 | $0 | |
Samantha Mucha Trustee | 1 | $0 | |
Mel Dykstra Trustee | 1 | $0 | |
Michael Bates Trustee | 1 | $0 | |
Dwight Hora Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,240 |
| Capital Gain Net Income | $20,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $149,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,282 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,067 |
| Contributions, gifts, grants paid | $237,860 |
| Total expenses and disbursements | $257,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,184 |
| 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 | $3,620,877 |
| 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, Laughing Acres Family Foundation Inc has awarded $237,860 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
A WOMAN'S WORK PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $8,000 |
AMERICAN COUNCILS FOR INT'L EDUCATION PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $8,000 |
AVENUES OF INDEPENDENCE PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $11,000 |
AMERICAN WRITERS MUSEUM PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $3,000 |
BLOCK CLUB CHICAGO PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $1,000 |
CARE FOR REAL PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $7,000 |