Greater Lakes Region Charitable Fund For Children Inc
- Assets
- $157.5k
- Revenue
- $670.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Laconia, NH
- Founding
- 12/2015
- Data as of
- 06/2022
- EIN
- 47-3815882
Organization Overview
Greater Lakes Region Charitable Fund For Children Inc is located in Laconia, NH. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lakes Region Charitable 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 06/2022, Greater Lakes Region Charitable Fund For Children Inc generated $670.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $552.5k during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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 2015, Greater Lakes Region Charitable Fund For Children Inc has awarded 172 individual grants totaling $2,604,006. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION PURPOSE IS TO (1) PROVIDE ASSISTANCE TO THOSE SEEKING TO FURTHER THEIR EDUCATION AND INTELLECTUAL GROWTH (2) SUPPORT PROGRAMS THAT FOSTER GROWTH, EDUCATION AND DEVELOPMENT OF MEMBERS OF SOCIETY; ESPECIALLY CHILDREN (3) PROVIDE FINANCIAL ASSISTANCE TO NEEDY OR DESERVING MEMBERS OF SOCIETY; ESPECIALLY CHILDREN (4) SUPPORT DESERVING CHARITIES, EDUCATIONAL INSTITUTIONS AND SCIENTIFIC, CULTURAL, HISTORICAL AND HEALTH ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL RESOURCES TO NEW HAMPSHIRE CHARITABLE ORGANZIATIONS SUPPORTING THE CORPORATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaimie Sousa Chair | OfficerTrustee | 1 | $0 |
Bob Glassett Vice Chair | OfficerTrustee | 1 | $0 |
Doug Morrisette Treasurer | OfficerTrustee | 1 | $0 |
Cynthia Hemeon-Plessner Secretary | OfficerTrustee | 1 | $0 |
Zack Derby Director | Trustee | 1 | $0 |
Larry Poliquin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $670,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,201 |
| Total Program Service Revenue | $0 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $493,045 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,164 |
| Advertising and promotion | $1,013 |
| Office expenses | $4,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,390 |
| All other expenses | $75 |
| Total functional expenses | $552,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,490 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $157,490 |
| Accounts payable and accrued expenses | $2,247 |
| 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 | $2,247 |
| Net assets without donor restrictions | $155,243 |
| 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 | $157,490 |
Grants Awarded
Over the last fiscal year, Greater Lakes Region Charitable Fund For Children Inc has awarded $356,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Concord, NH | | $50,000 |
West Nyack, NY | | $35,000 |
Concord, NH | | $25,000 |
BELKNAP HOUSE | | | $22,500 |
Laconia, NH | | $20,000 |
Bedford, NH | | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Lakes Region Charitable Fund For Children Inc has recieved totaling $40,337.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For operating support and the children's auction | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
The Opportunity Alliance South Portland, ME | $26,061,913 | $84,718,963 |
Boston Health Care For The Homeless Program Inc Boston, MA | $83,531,739 | $61,848,080 |
Action Inc Gloucester, MA | $25,893,243 | $61,722,559 |
Penquis C A P Inc Bangor, ME | $38,967,615 | $60,528,357 |
Valley Opportunity Council Inc Chicopee, MA | $22,850,959 | $49,579,644 |
Community Action Program Belknap & Merrimack Counties Inc Concord, NH | $13,081,335 | $43,283,224 |
Worcester Community Action Council Inc Worcester, MA | $8,882,298 | $41,343,806 |
Kennebec Valley Community Action Program Waterville, ME | $19,316,065 | $41,018,551 |
Tri-County Community Action Program Incorporated Berlin, NH | $12,062,842 | $36,885,101 |
Catholic Charitable Bureau Of The Archdiocese Of Boston Inc South Boston, MA | $52,520,056 | $42,947,634 |