Libertore Fund For Children Inc
- Assets
- $68.4k
- Revenue
- $400.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Lakeland, FL
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 46-5207111
Organization Overview
Libertore Fund For Children Inc is located in Lakeland, FL. The organization was established in 2016. 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. Libertore Fund For Children 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, Libertore Fund For Children Inc generated $400.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $417.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Libertore Fund For Children Inc has awarded 149 individual grants totaling $2,423,561. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FUNDING OF TAX EXEMPT ORGANIZATIONS ENGAGED IN SERVICES FOR AT-RISK CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED 74 INDIVIDUALS AND 38 NON-PROFIT AGENCIES THROUGH GRANTS, SPONSORSHIPS, AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Libertore Chairman | OfficerTrustee | 2 | $0 |
D Scott Libertore President | OfficerTrustee | 2 | $0 |
Timothy J Debruyne Treasurer | OfficerTrustee | 1 | $0 |
Susan Benton Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,278 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,340 |
| Noncash contributions included in lines 1a–1f | $14,001 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,618 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,526 |
| Grants and other assistance to domestic individuals. | $65,044 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $543 |
| Advertising and promotion | $8,450 |
| Office expenses | $3,368 |
| Information technology | $2,661 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,069 |
| Total functional expenses | $417,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,803 |
| Savings and temporary cash investments | $27,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,355 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $68,355 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $68,355 |
Grants Awarded
Over the last fiscal year, Libertore Fund For Children Inc has awarded $217,376 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE HAVEN FOR NEWBORNS PURPOSE: EVENT SPONSORSHIP | $10,000 |
ADVENTURE FOR ALL PURPOSE: BUILDING EXPANSION FOR PROGRAMS | $15,000 |
BIG BROTHERS BIG SISTERS OF THE SUN COAST PURPOSE: EXPANSION DESOTO COUNTY FOR READING PROGRAM | $10,000 |
CHILDREN FIRST INC PURPOSE: DAYCARE AND PRESCHOOL SCHOLARSHIPS | $10,000 |
CHILDREN'S HOME SOCIETY PURPOSE: MENTAL HEALTH FOR UNDER INSURED | $10,000 |
FORTY CARROTS PURPOSE: PARENTING CLASSES | $15,000 |