Lba Community Foundation Inc
- Assets
- $226.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-5646185
Organization Overview
Lba Community Foundation Inc is located in Coral Gables, FL. The organization was established in 2014. According to its NTEE Classification (T31) the organization is classified as: Community 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. Lba Community 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 12/2022, Lba Community Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 30.8% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gus Cabrera President | 1 | $0 | |
Anthony Gomez President Elect | 1 | $0 | |
Erick Valderrama Immediate Past President | 1 | $0 | |
Joe Avetrani Director | 1 | $0 | |
Michelle Pradere Director | 1 | $0 | |
Marisol Torres-Gomez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,172,616 |
| 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 | $6,421 |
| Total Revenue | $1,179,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15,478 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,804 |
| Travel, conferences, and meetings | $1,012 |
| Printing and publications | $0 |
| Other expenses | $1,220,594 |
| Total operating and administrative expenses | $1,241,888 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,241,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,607 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $82,987 |
| 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 | $12,567 |
| Total assets | $226,161 |
| 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 | $261,273 |
| Other liabilities | $0 |
| Total liabilities | $261,273 |
Grants Awarded
Over the last fiscal year, Lba Community Foundation Inc has awarded $12,871 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LBA CHILDREN & FAMILY FOUNDATION PURPOSE: GENERAL PURPOSE | $371 |
SAME SOUTH FLORIDA PURPOSE: SILVER SPONSORSHIP | $1,000 |
DO THE RIGHT THING PURPOSE: POLICE CHIEF | $3,000 |
COUNCIL FOR EDUCATIONAL CHANGE PURPOSE: GENERAL USE | $8,500 |