Lacore Family Foundation Inc
- Assets
- $2.9m
- Revenue
- $664.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Melissa, TX
- Founding
- Data as of
- 12/2023
- EIN
- 84-4119311
Organization Overview
Lacore Family Foundation Inc is located in Melissa, TX. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacore Family Foundation Inc 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, Lacore Family Foundation Inc generated $664.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Lacore Family Foundation Inc has awarded 23 individual grants totaling $119,214. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF YOUTH SPORTS TEAMS IN BASKETBALL, BASEBALL, FOOTBALL, SOCCER, AND VOLLEYBALL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Lacore Director | 0 | $0 | |
Jennifer Lacore Director | 0 | $0 | |
Jenifer Grace Director | 0 | $0 | |
Erin Wasserman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $618,853 |
| Interest on Savings | $45,268 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $664,121 |
| 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 | $124,675 |
| Occupancy | $187,850 |
| Travel, conferences, and meetings | $273,023 |
| Printing and publications | $0 |
| Other expenses | $273,853 |
| Total operating and administrative expenses | $1,139,528 |
| Contributions, gifts, grants paid | $73,550 |
| Total expenses and disbursements | $1,213,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,149,675 |
| 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 | $34,036 |
| Net Investments - land, buildings, equipment | $1,407,989 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $308,969 |
| Total assets | $2,900,669 |
| Accounts payable and accrued expenses | $22,290 |
| 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 | $309,089 |
| Total liabilities | $331,379 |
Grants Awarded
Over the last fiscal year, Lacore Family Foundation Inc has awarded $73,550 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
TARLETON STATE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $1,000 |
UNIVERSITY OF ARKANSAS PURPOSE: STUDENT SCHOLARSHIP | $2,000 |
CISCO COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $1,000 |
NORTHEASTERN STATE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $1,000 |
MIDLAND COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $1,000 |
AUSTIN COLLEGE PURPOSE: STUDENT SCHOLARSHIP | $1,000 |