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Nonprofit · EIN 23-7147996

GREATER LAFAYETTE COMMUNITY FOUNDATION

Also known as GREATER LAFAYETTE COMMUNITY FOUNDAT

Tax-exempt · LAFAYETTE, IN 47901

Financials

$8.9M$4.4M2023$12.2M$4.9M2024
Revenue Expenses · by fiscal year end
Financials of GREATER LAFAYETTE COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,176,108$4,906,801$7,269,307$103,140,840$16,756,178$86,384,662
December 31, 2023990$8,924,466$4,436,421$4,488,045$91,703,275$13,975,981$77,727,294
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,042,179
Program service revenue
$17,052
Investment income
$6,092,911
Net rental income
$840
Net gain from sales of assets
$2,542,812
Other revenue
$23,966

Expenses

Grants and similar amounts paid
$3,763,829
Compensation of officers, directors and key employees
$225,619
Other salaries and wages
$401,348
Salaries, compensation and benefits (total)
$727,929
Professional fundraising fees
$0
Legal fees
$1,614
Accounting fees
$23,456
Occupancy
$59,567
Depreciation
$20,498
Program services (functional)
$4,177,630
Management and general (functional)
$362,119
Fundraising (functional)
$367,052

Balance sheet and other

Total assets, start of year
$91,703,275
Total assets, end of year
$103,140,840
Total liabilities, end of year
$16,756,178
Net assets, end of year
$86,384,662
Land, buildings and equipment
$70,475
Publicly traded securities
$99,371,430
Net assets without donor restrictions
$12,195,982
Net assets with donor restrictions
$74,188,680
Gross receipts
$16,180,914
Employees
9
Volunteers
30
Year formed
1970
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WILLIAM DAVID LASATERPRESIDENT
Trustee or director, Officer
40$201,017$24,602
STEVE SCHULTZCHAIR
Trustee or director, Officer
1$0$0
BRENDA CLAPPERVICE CHAIR
Trustee or director, Officer
1$0$0
JIM GOTHARDTREASURER
Trustee or director, Officer
1$0$0
SHEILA COCHRANSECRETARY
Trustee or director, Officer
1$0$0
JEANNE GERNHARDTDIRECTOR
Trustee or director
1$0$0
SHAWN GREINERDIRECTOR
Trustee or director
1$0$0
JAMES KEENEDIRECTOR
Trustee or director
1$0$0
KARISSA MOONEYDIRECTOR
Trustee or director
1$0$0
UMESH PATELDIRECTOR
Trustee or director
1$0$0
GREG SMITHDIRECTOR
Trustee or director
1$0$0
CASEY SPENCERDIRECTOR
Trustee or director
1$0$0
JASON WAREDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM DAVID LASATERPRESIDENT
Trustee or director, Officer
40$181,929$15,452
STEVE SCHULTZCHAIR
Trustee or director, Officer
1$0$0
BRENDA CLAPPERVICE CHAIR
Trustee or director, Officer
1$0$0
JENNIFER RUSSELLSECRETARY
Trustee or director, Officer
1$0$0
LINDA ROHRMANTREASURER
Trustee or director, Officer
1$0$0
SHEILA COCHRANDIRECTOR
Trustee or director
1$0$0
JEANNE GERNHARDTDIRECTOR
Trustee or director
1$0$0
JIM GOTHARDDIRECTOR
Trustee or director
1$0$0
SHAWN GREINERDIRECTOR
Trustee or director
1$0$0
JAMES KEENEDIRECTOR
Trustee or director
1$0$0
RICK OLSONDIRECTOR
Trustee or director
1$0$0
UMESH PATELDIRECTOR
Trustee or director
1$0$0
GREG SMITHDIRECTOR
Trustee or director
1$0$0
CONNIE STANDIFORDDIRECTOR
Trustee or director
1$0$0
ART VASQUEZDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
300 MAIN ST STE 100, LAFAYETTE, IN 47901-1327
In care of
% RUTH A SHOOK
Principal officer (990 for 2024)
WILLIAM DAVID LASATER, 300 MAIN STREET SUITE 100, LAFAYETTE, IN 47901
Signed the 990
WILLIAM DAVID LASATER, PRESIDENT
Phone
(765) 742-9078
Return prepared by
HUTH THOMPSON LLP

Mission

THE MISSION OF THE COMMUNITY FOUNDATION OF GREATER LAFAYETTE IS TO INSPIRE, NUTURE, AND PRACTICE PHILANTHROPY, STEWARDSHIP, AND LEADERSHIP IN THE COMMUNITIES WE SERVE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION SUPPORTS THE COMMUNITY BY EDUCATING POTENTIAL DONORS, CAREFULLY INVESTING AND STEWARDING FUNDS RAISED, AND SUPPORTING NUMEROUS LOCAL NOT-FOR-PROFIT ORGANIZATIONS THROUGH GRANTS. GRANTS MADE FROM DISCRETIONARY FUNDS ARE GENERALLY FOR CAPITAL AND CAPACITY BUILDING PURPOSES, WHILE GRANTS FROM DESIGNATED, DONOR-ADVISED AND FIELD OF INTEREST FUNDS MAY BE USED AT THE AGENCIES' DISCRETION.
    Expenses $3,881,235 · grants $3,467,434 · revenue $17,052
  • SCHOLARSHIPS
    Expenses $296,395 · grants $296,395

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7147996
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$103,140,840
Income (IRS master file)
$16,180,914

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,176,108$4,906,801$103,140,840XML
990December 2023$8,924,466$4,436,421$91,703,275XML
990December 2022$8,187,498$4,004,198$79,056,945IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7147996).

Questions about GREATER LAFAYETTE COMMUNITY FOUNDATION

What is the EIN of GREATER LAFAYETTE COMMUNITY FOUNDATION?
The employer identification number (EIN) of GREATER LAFAYETTE COMMUNITY FOUNDATION is 23-7147996.
Is GREATER LAFAYETTE COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to GREATER LAFAYETTE COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER LAFAYETTE COMMUNITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREATER LAFAYETTE COMMUNITY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER LAFAYETTE COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREATER LAFAYETTE COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names WILLIAM DAVID LASATER.
Who are the officers and directors of GREATER LAFAYETTE COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $201,017 (WILLIAM DAVID LASATER, PRESIDENT).
How much revenue does GREATER LAFAYETTE COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,176,108, expenses of $4,906,801 and total assets of $103,140,840 at year end.

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