Sumi Laetz Fund Incorporated
- Assets
- $504.7k
- Revenue
- $23.8k
- Investments
- $470.0k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 88-0347440
Organization Overview
Sumi Laetz Fund Incorporated is located in Las Vegas, NV. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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. Sumi Laetz Fund Incorporated 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, Sumi Laetz Fund Incorporated generated $23.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $16.4k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MALIA FLORES 2108 E MARGARET AVE LV NV 89121 SCHOLARSHIP FOR TUITION & BOOKS TO UNLV
EVON CRISPIE 5729 DEER BRUSH CT NLV NV 89031 SCHOLARSHIP FOR TUITION AND BOOKS TO UNLV
GINGER LANIER 7571 BETHEL COVE LV NV 89166 SCHOLARSHIP FOR TUITION & BOOKS TO UNIV NORTH TEXAS ST.
SETH TODD 3539 BARREL RACE CT NLV NV SCHOLARSHIP FOR TUITION & BOOKS TO UNIV NORTH TEXAS ST
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sufa Anderson President | 1 | $0 | |
Gerald Laetz Treasurer | 4 | $0 | |
Chris French Director | 4 | $0 | |
Jean French Director | 1 | $0 | |
Natasha French Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,051 |
| Interest on Savings | $157 |
| Dividends & Interest | $12,580 |
| 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 | $1,000 |
| Total Revenue | $23,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $356 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $16,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,671 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $504,701 |
| 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, Sumi Laetz Fund Incorporated has awarded $16,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MALIA GARCIA PURPOSE: SCHOLARSHIP FOR BOOKS AND TUITION TO UNLV | $1,500 |
ASA ZINK PURPOSE: SCHOLARSHIP FOR BOOKS AND TUITION TO UNLV | $1,000 |
ANNA VILLAFINA PURPOSE: SCHOLARSHIP FOR BOOKS AND TUITION FOR UNIV OF ALABAMA | $1,200 |
KATHIA HERNANDEZ PURPOSE: SCHOLARSHIP FOR TUITION AND BOOKS TO UNLV | $1,100 |
GINGER LANIER PURPOSE: SCHOLARSHIP FOR TUITION AND BOOKS TO UNIV OF NORTH TEXAS | $1,300 |
SETH TODD PURPOSE: SCHOLARSHIP FOR TUITION TO UNIVERSITY OF NORTH TEXAS | $1,300 |