Lrg Impact
- Assets
- $21.8m
- Revenue
- $1.1m
- Investments
- $19.6m
- Employees
- 0
- Location
- Spring Arbor, MI
- Founding
- Data as of
- 12/2023
- EIN
- 88-2216431
Organization Overview
Lrg Impact is located in Spring Arbor, MI. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lrg Impact is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO ACTIVITY DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Burt Secretary | 0 | $0 | |
Bradley Button Executive Di | 40 | $95,001 | |
Joe Helms Chair | 0 | $0 | |
Kaye Kolde Board Member | 0 | $0 | |
Daniel A Kurtz Treasurer | 0 | $0 | |
Delia Nuesch-Olver Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,255 |
| Interest on Savings | $69,043 |
| Dividends & Interest | $662,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $208,438 |
| Capital Gain Net Income | $208,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,139,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,001 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $48,772 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,890 |
| Total operating and administrative expenses | $217,663 |
| Contributions, gifts, grants paid | $1,350,000 |
| Total expenses and disbursements | $1,567,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,325 |
| Savings and temporary cash investments | $2,211,304 |
| 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 | $21,824,961 |
| 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 | $4,550 |
| Total liabilities | $4,550 |
Grants Awarded
Over the last fiscal year, Lrg Impact has awarded $1,350,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FREE METHODIST WORLD MISSIONS PURPOSE: GENERAL | $40,000 |
IMPACT LATINA AMERICA PURPOSE: GENERAL | $68,000 |
EAST MICHIGAN CONFERENCE PURPOSE: GENERAL | $1,116,667 |
IMPACT MIDDLE EAST PURPOSE: GENERAL | $125,333 |