Lasater Scholarship Foundation
- Assets
- $1.8m
- Revenue
- $218.6k
- Investments
- $678.5k
- Employees
- 0
- Location
- Centennial, CO
- Founding
- 01/1984
- Data as of
- 09/2023
- EIN
- 84-0902070
Organization Overview
Lasater Scholarship Foundation is located in Centennial, CO. The organization was established in 1984. 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. Lasater Scholarship 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 09/2023, Lasater Scholarship Foundation generated $218.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $176.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lasater Scholarship Foundation has awarded 88 individual grants totaling $538,500. 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 |
|---|---|---|---|
Sally W Lasater President,di | 1 | $0 | |
Dale Lasater Sec/treas & | 1 | $0 | |
Tom Lasater Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $952 |
| Dividends & Interest | $30,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $179,299 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,941 |
| Total Revenue | $218,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,443 |
| Total operating and administrative expenses | $90,934 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $176,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578 |
| Savings and temporary cash investments | $792,556 |
| 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 | $0 |
| Net Land, buildings, and equipment | $294,270 |
| Other assets | $0 |
| Total assets | $1,765,904 |
| 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, Lasater Scholarship Foundation has awarded $86,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA PLASCENCIA PURPOSE: ATTEND COLLEGE | $3,000 |
KELSEY MONTAGUE PURPOSE: ATTEND COLLEGE | $7,000 |
MOLLY BRAUN PURPOSE: ATTEND COLLEGE | $15,000 |
CECILIA RICHARDSON PURPOSE: ATTEND COLLEGE | $18,000 |
ADEN TOWNLEY PURPOSE: ATTEND COLLEGE | $4,500 |
JOHN SWENNES PURPOSE: ATTEND COLLEGE | $4,500 |