Reed And Jeanne Larson Foundation
- Assets
- $1.7m
- Revenue
- $59.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- Edmonds, WA
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 54-1443620
Organization Overview
Reed And Jeanne Larson Foundation is located in Edmonds, WA. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Reed And Jeanne Larson 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 12/2022, Reed And Jeanne Larson Foundation generated $59.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $794.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Reed And Jeanne Larson Foundation has awarded 204 individual grants totaling $3,099,050. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Larson Craig Successor Trustee | 0 | $0 | |
Barbara Larson Finnegan Successor Trustee | 0 | $0 | |
Patricia Larson Sween Successor Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $47,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,664 |
| Capital Gain Net Income | $12,664 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $833 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $17,711 |
| Contributions, gifts, grants paid | $777,000 |
| Total expenses and disbursements | $794,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,749 |
| Savings and temporary cash investments | $57,109 |
| Net Accounts receivable | $1,671 |
| 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 | $2,320 |
| Total assets | $1,742,160 |
| 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, Reed And Jeanne Larson Foundation has awarded $777,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT LIFE MINISTRIES PURPOSE: RELIGIOUS | $17,000 |
ANCIENT FAITH MINISTRIES PURPOSE: RELIGIOUS | $5,000 |
ARTISTS IN CHRISTIAN TESTIMONY PURPOSE: RELIGIOUS | $6,000 |
BELOVED ATLANTA PURPOSE: PUBLIC, SOCIAL, AND HUMANITARIAN | $15,000 |
BRIDGE OF HOPE PURPOSE: PUBLIC, SOCIAL, AND HUMANITARIAN | $28,000 |
C&MA - CHRISTIAN & MISSIONARY ALLIANCE PURPOSE: RELIGIOUS | $14,000 |