Lauer Foundation For Paleontology Science And Education Nfp
- Assets
- $5.1m
- Revenue
- $335.0k
- Investments
- $20.0k
- Employees
- 0
- Location
- Wheaton, IL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-5619555
Organization Overview
Lauer Foundation For Paleontology Science And Education Nfp is located in Wheaton, IL. The organization was established in 2014. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lauer Foundation For Paleontology Science And Education Nfp 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 12/2022, Lauer Foundation For Paleontology Science And Education Nfp generated $335.0k 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 (13.0%) each year. All expenses for the organization totaled $65.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD A WORLD CLASS COLLECTION OF DIVERSE JURASSIC FOSSILS FROM THE SOLNHOFEN REGION OF GERMANY AS WELL AS OTHER SCIENTIFICALLY IMPORTANT SPECIMENS. THIS COLLECTION IS CURATED BY THE FOUNDATION AND MADE AVAILABLE TO SCIENTISTS, MUSEUMS, AND ACADEMICS FOR STUDY AND DISPLAY. EXPENSES LISTED INCLUDE ACQUISITION COSTS, IMPORT FEES AND CURATION EXPENSES.
TO FURTHER SCIENCE AND EDUCATION BY SPEAKING TO VARIOUS SCHOOLS ON SEVERAL TOPICS INCLUDING "DINO DIG", A PROGRAM TO EDUCATE CHILDREN ABOUT FOSSILS AND ALLOW THEM THROUGH A HANDS ON EXPERIENCE TO EXCAVATE A MODEL DINOSAUR. EXPENSES LISTED INCLUDE ALL OTHER FOUNDATION EXPENSES.
AFRICA SCHOOLS PROGRAM - TO FURTHER DIVERSITY AND EDUCATE CHILDREN ON SCHOOL LIFE AND ANIMAL CONSERVATION EFFORTS IN AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Lauer President & Treasurer | 5 | $0 | |
Rene Lauer Secretary | 5 | $0 | |
Michael Lauer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $334,950 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $334,950 |
| 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 | $11,670 |
| Printing and publications | $0 |
| Other expenses | $50,126 |
| Total operating and administrative expenses | $65,226 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $65,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,058 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,033,566 |
| Total assets | $5,057,624 |
| 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 | $80,000 |
| Total liabilities | $80,000 |
Grants Awarded
Over the last fiscal year, Lauer Foundation For Paleontology Science And Education Nfp has awarded $22,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FIELD MUSEUM PURPOSE: DONATION TO FIELD MUSEUM | $20,000 |
BURPEE MUSEUM OF NATURAL HISTORY PURPOSE: DONATION TO BURPEE MUSEUM | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leonard Wood Institute Inc Fort Leonard Wood, MO | $592,989 | $2,983,939 |
Society Of Tribologists & Lubrication Engineers Park Ridge, IL | $4,873,224 | $2,939,848 |
Lake Michigan Air Director Corsortium Hillside, IL | $327,093 | $1,851,632 |
American Meat Science Association Kearney, MO | $3,721,106 | $1,822,299 |
Fox-Wolf Watershed Alliance Inc Appleton, WI | $800,245 | $1,535,506 |
Iowa Association Of Soil Conservation District Commission Des Moines, IA | $294,043 | $1,193,352 |
Kentucky Dataseam Initiative Inc Louisville, KY | $783,269 | $732,080 |
Council For Agricultural Science And Technology Ames, IA | $1,145,971 | $794,483 |
National Association Of Rocketry Marion, IA | $328,509 | $639,191 |
American Society Of Andrology East Dundee, IL | $1,585,027 | $299,034 |
Association For Chemoreception Sciences Glenview, IL | $420,190 | $324,574 |
Mrens Nfp Lagrange, IL | $195,097 | $498,010 |