Laroche Foundation
- Assets
- $7.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Paterson, NJ
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 82-1954500
Organization Overview
Laroche Foundation is located in Paterson, NJ. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laroche 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, Laroche Foundation generated $108.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $108.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORE MISSION OF THE FOUNDATION IS TO ASSIST AND FACILITATE IN CREATING BETTER EDUCATIONAL OPPORTUNITIES THROUGH STUDENTS SCHOLARSHIPS, TEACHER GRANTS AND RESOURCES, AS NEEDED FOR YOUTH DEVELOPMENT IN HAITI
Describe the Organization's Program Activity:
Part 3
AFTER THE EARTHQUAKE IN 2010, MANY OF THE BUILDINGS WERE DESTROYED INCLUDING THE SCHOOL WHICH THE FOUDATION IS HELPING TO REBUILD IN ORDER TO PROVIDE THE NEEDED RESOURCES/CLASSROOMS TO ALLOW THE PHYSICAL PLACE FOR EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS.
HAVE BEEN ABLE TO PROVIDE MULTIPLE SCHOLARSHIPS TO HELP THOSE WHO CANNOT AFFORD IT TO GET A POST SECONDARY SCHOOL EDUCATION AND VOCATIONAL TRAINING IN ORDER TO PREPARE THEM TO FIND A JOB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Frantz Laroche President | 5 | $0 | |
Erik Lowe Vice President/secretary | 1 | $0 | |
Harold Laroche Tresurer | 1 | $0 | |
Marie Yolene Lafontant Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,258 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,258 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $108,258 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,610 |
| Other assets | $0 |
| Total assets | $7,610 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,610 |