Anne B Larussa Foundation Of Hope
- Assets
- $317.1k
- Revenue
- $7.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-2616085
Organization Overview
Anne B Larussa Foundation Of Hope is located in Birmingham, AL. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Anne B Larussa Foundation Of Hope 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, Anne B Larussa Foundation Of Hope generated $7.4k 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 (36.4%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Anne B Larussa Foundation Of Hope has awarded 11 individual grants totaling $794,450. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Larussa Persinger President & Treasurer | 20 | $0 | |
Marian Larussa Phillips Vice President & Secretary | 20 | $0 | |
Chelsea Larussa Heslop Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $7,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$279 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,440 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $3,071 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,673 |
| 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 | $22,220 |
| 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 | $292,187 |
| Total assets | $317,080 |
| Accounts payable and accrued expenses | $1,125 |
| 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 | $1,125 |
Grants Awarded
Over the last fiscal year, Anne B Larussa Foundation Of Hope has awarded $270,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT HORSESHOE FARM PURPOSE: HUMANITARIAN | $20,000 |
CHILDREN'S HOSPITAL OF ALABAMA PURPOSE: BEHAVIORAL HEALTH | $250,000 |