Lazord Foundation
- Assets
- $697.7k
- Revenue
- $111.3k
- Investments
- $640.3k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2014
- Data as of
- 06/2023
- EIN
- 46-3535019
Organization Overview
Lazord Foundation is located in Boston, MA. The organization was established in 2014. 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. Lazord 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 06/2023, Lazord Foundation generated $111.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $232.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lazord Foundation has awarded 12 individual grants totaling $1,093,406. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS EDUCATIONAL PROGRAMS FOR YOUNG PROFESSIONALS IN THE MEDITERRANEAN REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAZORD FOUNDATION PROVIDES PROGRAMMATIC, EDUCATIONAL AND FINANCIAL SUPPORT TO LAZORD FELLOWSHIP HOST ORGANIZATIONS. THE LAZORD FELLOWSHIP IS A ONE YEAR PROGRAM IMPROVING CIVIC SKILLS AND EMPLOYABILITY AMONGST YOUNG GRADUATES THROUGH A ONE YEAR PLACEMENT, TRAINING AND MENTORSHIP BY THE CHAPTER HOSTS AND THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Manice President Of Board | 10 | $0 | |
John D Zook Secretary/treasurer | 0.25 | $0 | |
Zaina Awad Malhotra Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,792 |
| Interest on Savings | $1,748 |
| Dividends & Interest | $15,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,564 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,243 |
| Total operating and administrative expenses | $8,497 |
| Contributions, gifts, grants paid | $224,307 |
| Total expenses and disbursements | $232,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,012 |
| Savings and temporary cash investments | $27,438 |
| 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 | $202,120 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $697,740 |
| 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, Lazord Foundation has awarded $224,307 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY IN CAIRO PURPOSE: TO PROVIDE PROGRAMMATIC,EDUCATIONAL AND FINANCIAL SUPPORT TO THE LAZORD FELLOWSHIP HOST ORGANIZATIONS. THE LAZORD FELLOWSHIP IS A ONE YEAR PROGRAM IMPROVING CIVIC SKILLS AND EMPLOYABILITY AMONGST YOUNG GRADUATES THROUGH A ONE YEAR PLACEMENT, TRAINING, AND MENTORSHIP BY THE CHAPTER HOSTS AND THE FOUNDATION. | $21,293 |
INJAZ PURPOSE: TO PROVIDE PROGRAMMATIC,EDUCATIONAL AND FINANCIAL SUPPORT TO THE LAZORD FELLOWSHIP HOST ORGANIZATIONS. THE LAZORD FELLOWSHIP IS A ONE YEAR PROGRAM IMPROVING CIVIC SKILLS AND EMPLOYABILITY AMONGST YOUNG GRADUATES THROUGH A ONE YEAR PLACEMENT, TRAINING, AND MENTORSHIP BY THE CHAPTER HOSTS AND THE FOUNDATION. | $62,085 |
UNION DE TUNISIENS INDEPENDANTS POUR LA LIBERTE PURPOSE: TO PROVIDE PROGRAMMATIC,EDUCATIONAL AND FINANCIAL SUPPORT TO THE LAZORD FELLOWSHIP HOST ORGANIZATIONS. THE LAZORD FELLOWSHIP IS A ONE YEAR PROGRAM IMPROVING CIVIC SKILLS AND EMPLOYABILITY AMONGST YOUNG GRADUATES THROUGH A ONE YEAR PLACEMENT, TRAINING, AND MENTORSHIP BY THE CHAPTER HOSTS AND THE FOUNDATION. | $140,929 |