GREATER LAFAYETTE COMMUNITY FOUNDATION

EIN: 237147996 501(c)(3) Philanthropy & Grantmaking

LAFAYETTE, IN

Total Revenue
$12,176,108
Total Expenses
$4,906,801
Total Assets
$103,140,840
Net Assets
$86,384,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IN
Principal Officer
WILLIAM DAVID LASATER
Phone
7657429078
Tax Period
2024-01-01 to 2024-12-31

GREATER LAFAYETTE COMMUNITY FOUNDATION, founded in 1970, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 60% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $3,881,235 Revenue: $17,052

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...

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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.

Program 2
Expenses: $296,395

SCHOLARSHIPS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,042,179
Program Service Revenue $17,052
Investment Income $6,092,911
Other Revenue $23,966
TOTAL REVENUE $12,176,108

Expense Breakdown

Grants Paid $3,763,829
Salaries & Benefits $727,929
Fundraising Expenses $367,052
Program Expenses $4,177,630
Other Expenses $415,043
TOTAL EXPENSES $4,906,801

Year-over-Year Comparison

2024 2023 Change
Revenue $12,176,108 $8,924,466 +0.4%
Expenses $4,906,801 $4,436,421 +0.1%
Net Income $7,269,307 $4,488,045 +0.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
9
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$225,619
Total Directors
13
$225,619
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM DAVID LASATER PRESIDENT 40.00
Officer Director
$201,017 $24,602 $225,619
STEVE SCHULTZ CHAIR 1.00
Officer Director
$0 $0 $0
BRENDA CLAPPER VICE CHAIR 1.00
Officer Director
$0 $0 $0
JIM GOTHARD TREASURER 1.00
Officer Director
$0 $0 $0
SHEILA COCHRAN SECRETARY 1.00
Officer Director
$0 $0 $0
JEANNE GERNHARDT DIRECTOR 1.00
Director
$0 $0 $0
SHAWN GREINER DIRECTOR 1.00
Director
$0 $0 $0
JAMES KEENE DIRECTOR 1.00
Director
$0 $0 $0
KARISSA MOONEY DIRECTOR 1.00
Director
$0 $0 $0
UMESH PATEL DIRECTOR 1.00
Director
$0 $0 $0
GREG SMITH DIRECTOR 1.00
Director
$0 $0 $0
CASEY SPENCER DIRECTOR 1.00
Director
$0 $0 $0
JASON WARE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $12,176,108 $4,906,801 $103,140,840 $7,269,307
2023 $8,924,466 $4,436,421 $91,703,275 $4,488,045
2022 $8,187,498 $4,004,198 $79,056,945 $4,183,300
2021 $7,786,993 $3,127,116 $89,165,772 $4,659,877
2020 $3,735,155 $3,190,531 $75,751,966 $544,624
2019 $6,209,408 $2,972,952 $70,324,355 $3,236,456
2018 $8,409,618 $2,624,592 $59,536,159 $5,785,026
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