Lawrence Family Foundation
- Assets
- $23.4m
- Revenue
- $81.5k
- Investments
- $23.4m
- Employees
- 0
- Location
- Wilson, AR
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3511477
Organization Overview
Lawrence Family Foundation is located in Wilson, AR. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Lawrence Family 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 12/2021, Lawrence Family Foundation generated $81.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.3%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (69.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL ENGAGE AND OPERATE EFFORTS TO REVITALIZE RURAL COMMUNITIES WITH ALL INITIATIVES BEING AIMED AT PROVIDING RESIDENTS OF RURAL COMMUNITIES WITH GREATER OPPORTUNITY. EFFORTS WILL FOCUS ON JOB CREATION AND TRAINING, RECRUITING OF BUSINESSES TO UNDERSERVED AREAS, THE OPERATION OF ART AND CULTURAL INITIATIVES, PROVIDING ACCESS TO QUALITY EDUCATION, AND THE DEVELOPMENT AND OPERATION OF PUBLIC RECREATIONAL AND EDUCATIONAL SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Johnson Director | 1 | $0 | |
Lisa Lawrence Director | 1 | $0 | |
Gaylon Lawrence Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,445 |
| 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 | $42 |
| Other Income | $0 |
| Total Revenue | $81,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,964 |
| 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 | $191 |
| Total operating and administrative expenses | $14,433 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $14,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,436,061 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,436,252 |
| 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 |
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|---|---|---|
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Lsu Real Estate And Facilities Foundation Baton Rouge, LA | $27,883,351 | $21,043,945 |
Alamo Colleges Foundation Inc San Antonio, TX | $77,782,031 | $21,582,510 |
Plumbers And Steamfitters Health Welfare And Educational Fund Metairie, LA | $10,022,630 | $8,551,794 |
Mary R Gallaspy Charitable Trust No Two Natchitoches, LA | $32,819,833 | $7,568,243 |
East Tennessee State University Foundation Johnson City, TN | $138,793,222 | $16,207,692 |