Joseph J Laurencelle Memorial Foundation
EIN: 383209958 · Bloomfld Hls, MI · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $160K |
| Net Assets | $3.2M |
Is Joseph J Laurencelle Memorial Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joseph J Laurencelle Memorial Foundation
Joseph J Laurencelle Memorial Foundation (EIN: 383209958) is a nonprofit organization based in Bloomfld Hls, MI, classified under NTEE code B99. The organization reported total revenue of $1.1M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph J Laurencelle Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph J Laurencelle Memorial Foundation is a mid-size nonprofit that has been operating for 31 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 48.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $441K |
| Total Expenses | $160K |
| Surplus / Deficit | +$281K |
| Total Assets | $3.3M |
| Total Liabilities | $113K |
| Net Assets | $3.2M |
| Operating Margin | 63.7% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 244.4 months |
Financial Health Grade: A
In 2023, Joseph J Laurencelle Memorial Foundation reported a surplus of $281K with revenue exceeding expenses, holds 244.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Joseph J Laurencelle Memorial Foundation's revenue has grown at a compound annual growth rate (CAGR) of 48.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.9% | +0.3% | +14.2% |
| 2022 | -40.9% | +25.3% | -8.2% |
| 2021 | +195.9% | +98.4% | +25.0% |
| 2020 | -93.1% | +231.0% | +9.2% |
| 2019 | +5181.5% | +714.8% | +1597.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Joseph J Laurencelle Memorial Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joseph J Laurencelle Memorial Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $281K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Joseph J Laurencelle Memorial Foundation
Is Joseph J Laurencelle Memorial Foundation a legitimate charity?
Joseph J Laurencelle Memorial Foundation (EIN: 383209958) is a registered tax-exempt nonprofit based in Michigan. It has 9 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Joseph J Laurencelle Memorial Foundation spend its money?
Joseph J Laurencelle Memorial Foundation reported $1.1M in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Joseph J Laurencelle Memorial Foundation tax-deductible?
Joseph J Laurencelle Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 383209958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joseph J Laurencelle Memorial Foundation located?
Joseph J Laurencelle Memorial Foundation is headquartered in Bloomfld Hls, Michigan and files with the IRS under EIN 383209958. It is classified under NTEE code B99.
How many years of IRS 990 filings does Joseph J Laurencelle Memorial Foundation have?
Joseph J Laurencelle Memorial Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Joseph J Laurencelle Memorial Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Joseph J Laurencelle Memorial Foundation's revenue has grown by 7683.5%, moving from $6K to $441K. Total assets increased by 2321.9% over the same period, from $135K to $3.3M. Total functional expenses rose by 289.6%, from $41K to $160K. In its most recent filing year (2023), Joseph J Laurencelle Memorial Foundation reported a surplus of $281K, with revenue exceeding expenses. The organization holds $113K in liabilities against $3.3M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $441K | $160K | $3.3M | $113K | — | View 990 |
| 2022 | $248K | $160K | $2.9M | $42K | — | View 990 |
| 2021 | $420K | $128K | $3.1M | $1 | — | View 990 |
| 2020 | $142K | $64K | $2.5M | $1 | — | — |
| 2019 | $2.0M | $19K | $2.3M | $1 | — | View 990 |
| 2015 | $39K | $2K | $135K | $1 | — | View 990 |
| 2014 | $8K | $13K | $98K | $0 | — | View 990 |
| 2013 | $20K | $52K | $99K | $0 | — | View 990 |
| 2012 | $6K | $41K | $135K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $441K, expenses of $160K, and assets of $3.3M (revenue +77.9% year-over-year).
- 2022: Revenue of $248K, expenses of $160K, and assets of $2.9M (revenue -40.9% year-over-year).
- 2021: Revenue of $420K, expenses of $128K, and assets of $3.1M (revenue +195.9% year-over-year).
- 2020: Revenue of $142K, expenses of $64K, and assets of $2.5M (revenue -93.1% year-over-year).
- 2019: Revenue of $2.0M, expenses of $19K, and assets of $2.3M (revenue +5181.5% year-over-year).
- 2015: Revenue of $39K, expenses of $2K, and assets of $135K (revenue +369.4% year-over-year).
- 2014: Revenue of $8K, expenses of $13K, and assets of $98K (revenue -59.3% year-over-year).
- 2013: Revenue of $20K, expenses of $52K, and assets of $99K (revenue +258.0% year-over-year).
- 2012: Revenue of $6K, expenses of $41K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph J Laurencelle Memorial Foundation:
Data Sources and Methodology
This transparency report for Joseph J Laurencelle Memorial Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.