Larouche Legacy Foundation
- Assets
- $248.4k
- Revenue
- $213.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Leesburg, VA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3645070
Organization Overview
Larouche Legacy Foundation is located in Leesburg, VA. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Larouche Legacy Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larouche Legacy 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, Larouche Legacy Foundation generated $213.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $82.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITABLE AND EDUCATIONAL MISSION OF THE LAROUCHE LEGACY FOUNDATION IS TO DEEPEN UNDERSTANDING OF, AND TO EDUCATE THE AMERICAN PUBLIC, POLICYMAKERS AND THE MEDIA, ABOUT THE SCIENTIFIC AND LITERARY WORK OF THE AMERICAN PHYSICAL ECONOMIST, LYNDON LAROUCHE, JR., AND TO HELP ACHIEVE INTERNATIONAL FAMILIARITY WITH HIS WORK AND FURTHER HIS SCIENTIFIC ADVANCES IN THE FIELDS OF THE PHYSICAL ECONOMY, PHYSICAL SCIENCE, HISTORIOGRAPHY AND THE ROLE OF CLASSICAL CULTURE IN NURTURING AND ENHANCING HUMAN CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE LAROUCHE LEGACY FOUNDATION HELD A ONE-DAY, ON-LINE INTERNATIONAL SEMINAR WITH LEADING INTERNATIONAL EXPERTS TO EXAMINE THE CONTRIBUTIONS OF LYNDON LAROUCHE TO THE SCIENCE OF PHYSICAL ECONOMY. HELD ON AUG. 15, 2021, THE SEMINAR'S TITLE WAS: "ON THE 50TH ANNIVERSARY OF LAROUCHE'S STUNNING FORECAST OF AUGUST 15, 1971: SO, ARE YOU FINALLY WILLING TO LEARN ECONOMICS?" APPROXIMATELY 500 PEOPLE ATTENDED, FROM OVER 20 COUNTRIES, WITH SIMULTANEOUS INTERPRETATION PROVIDED ON THE ZOOM PLATFORM IN SPANISH, FRENCH AND GERMAN. THERE WERE SPEAKERS FROM ARGENTINA, BRAZIL, CHINA, COLOMBIA, FRANCE, GERMANY, MEXICO, PERU, PHILIPPINES, RUSSIA, SLOVAKIA, TRINIDAD & TOBAGO, UKRAINE, AND THE UNITED STATES.
WE ALSO MADE SUBSTANTIAL PROGRESS IN PREPARING TO LAUNCH THE DIGITAL LAROUCHE LIBRARY OF ALL OF MR. LAROUCHE'S WORKS, INCLUDING SIGNING CONTRACTS WITH A DIGITAL ASSET MANAGEMENT SYSTEM AND A VIDEO DIGITIZATION SERVICE PROVIDER, AS WELL AS STARTING TO LOCATE AND PROCESS THE ASSETS BY HIRING A SMALL NUMBER OF PART-TIME AND CONTRACT EMPLOYEES. THIS WORK MADE IT POSSIBLE TO LAUNCH THE LAROUCHE LIBRARY ON SEPT. 11, 2022, PROVIDING AN INITIAL SAMPLING OF MR. LAROUCHE'S EXTENSIVE BODY OF WORK TO THE PUBLIC, FREE OF CHARGE.
THE LAROUCHE LEGACY FOUNDATION CONTINUED TO SELL VOLUME I OF THE COLLECTED WORKS OF LYNDON LAROUCHE AFTER ITS PUBLISHING DATE IN 2020. WE ALSO CONTINUED TO WORK ON THE PREPARATION OF THE CONTENTS OF VOLUME II OF THE COLLECTED WORKS OF LYNDON LAROUCHE, WHICH WE EXPECT TO SEND TO THE PRINTER BEFORE THE END OF 2022.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helga Zepp-Larouche Director | Trustee | 5 | $0 |
Megan Dobrodt Secretary-Treasurer | Trustee | 10 | $0 |
Gretchen Small President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,385 |
| Noncash contributions included in lines 1a–1f | $214,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,385 |
| Total Program Service Revenue | $2,295 |
| Investment income | $246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,666 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,387 |
| Advertising and promotion | $1,860 |
| Office expenses | $4,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,530 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,851 |
| All other expenses | $0 |
| Total functional expenses | $82,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,455 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $159,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $248,391 |
| Accounts payable and accrued expenses | $4,280 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,280 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $248,391 |
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