Laughing Acres Family Foundation Inc
- Assets
- $4.0m
- Revenue
- $1.7m
- Investments
- $3.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2013
- Data as of
- 12/2021
- 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 12/2021, Laughing Acres Family Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.0% each year . All expenses for the organization totaled $159.1k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 4 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 2020, Laughing Acres Family Foundation Inc has awarded 61 individual grants totaling $269,300. 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 | $1,176,377 |
| Interest on Savings | $0 |
| Dividends & Interest | $124,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $412,432 |
| Capital Gain Net Income | $412,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,713,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,108 |
| Printing and publications | $0 |
| Other expenses | $3,342 |
| Total operating and administrative expenses | $17,522 |
| Contributions, gifts, grants paid | $141,550 |
| Total expenses and disbursements | $159,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,755 |
| 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 | $3,982,510 |
| 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 $141,550 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
VETERANS OF FOREIGN WARS PURPOSE: CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $15,000 |
Chicago, IL PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE | $13,000 |
MARKLUND PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE | $10,300 |
Pine Ridge, SD PURPOSE: CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $9,000 |
Chicago, IL PURPOSE: ALL CONTRIBUTION ARE MADE TO FURTHER THE | $9,000 |
Forest Park, IL PURPOSE: CHARITABLE GOALS OF THE RECIPIENT ORGANIZATION. | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |