Civic Intelligence

Laurent House Foundation Inc.

990 • Fiscal year 2015 • EIN 45-3939091

Oct 01, 2014 to Sep 30, 2015 • Filed on May 31, 2016

Organization ProfileLAURENTHOUSE.COM
4646 Spring Creek RoadRockford, IL 61107

(815) 877-2952

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.26x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

2.17x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

38th percentile

$20,580

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

58th percentile

2.8%

Faster asset growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$1,487,652

Up $40,132 (+2.8%) from 2014

Net Assets

Up

$1,105,211

Up $51,333 (+4.9%) from 2014

Liabilities

Down

$382,441

Down $11,201 (-2.8%) from 2014

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin85th percentile

Revenue

Up

$176,312

Up $20,353 (+13%) from 2014

Expenses

Up

$124,979

Up $29,149 (+30%) from 2014

Net Income

Down

$51,333

Down $8,796 (-15%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $827,350Liabilities 2012: $70,673Net Assets 2012: $756,6772012Assets 2013: $1,133,630Liabilities 2013: $139,881Net Assets 2013: $993,7492013Assets 2014: $1,447,520Liabilities 2014: $393,642Net Assets 2014: $1,053,8782014Assets 2015: $1,487,652Liabilities 2015: $382,441Net Assets 2015: $1,105,2112015Assets 2016: $1,452,697Liabilities 2016: $302,572Net Assets 2016: $1,150,1252016Assets 2017: $1,357,893Liabilities 2017: $260,730Net Assets 2017: $1,097,1632017Assets 2018: $1,361,053Liabilities 2018: $235,489Net Assets 2018: $1,125,5642018Assets 2019: $1,713,868Liabilities 2019: $214,199Net Assets 2019: $1,499,6692019Assets 2020: $2,189,983Liabilities 2020: $462,835Net Assets 2020: $1,727,1482020Assets 2021: $2,207,282Liabilities 2021: $397,633Net Assets 2021: $1,809,6492021Assets 2022: $2,159,788Liabilities 2022: $320,575Net Assets 2022: $1,839,2132022Assets 2023: $2,311,226Liabilities 2023: $237,494Net Assets 2023: $2,073,7322023Assets 2024: $2,444,167Liabilities 2024: $223,781Net Assets 2024: $2,220,3862024Assets 2025: $2,413,819Liabilities 2025: $77,382Net Assets 2025: $2,336,4372025

Highlighted filing

2015

Assets$1,487,652
Liabilities$382,441
Net Assets$1,105,211
Open 2015 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $817,587Expenses 2012: $60,910Net Income 2012: $756,6772012Expenses 2013: $45,4522013Revenue 2014: $155,959Expenses 2014: $95,830Net Income 2014: $60,1292014Revenue 2015: $176,312Expenses 2015: $124,979Net Income 2015: $51,3332015Revenue 2016: $249,769Expenses 2016: $204,855Net Income 2016: $44,9142016Revenue 2017: $89,784Expenses 2017: $134,491Net Income 2017: -$44,7072017Revenue 2018: $83,568Expenses 2018: $54,067Net Income 2018: $29,5012018Revenue 2019: $444,216Expenses 2019: $64,793Net Income 2019: $379,4232019Revenue 2020: $322,490Expenses 2020: $95,011Net Income 2020: $227,4792020Revenue 2021: $211,874Expenses 2021: $129,373Net Income 2021: $82,5012021Revenue 2022: $175,263Expenses 2022: $145,699Net Income 2022: $29,5642022Revenue 2023: $397,136Expenses 2023: $162,617Net Income 2023: $234,5192023Revenue 2024: $429,022Expenses 2024: $302,136Net Income 2024: $126,8862024Revenue 2025: $416,696Expenses 2025: $300,645Net Income 2025: $116,0512025

Highlighted filing

2015

Revenue$176,312
Expenses$124,979
Net Income$51,333
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 31, 2016
Return Version
2014v6.0
Gross Receipts
$176,312
Mission and Program Overview

Mission

We preserve the laurent house to share frank lloyd wright's vision of dignity and beautiful living for kenneth laurent, a disabled veteran. Through education and engaging experiences, we inspire our community and the world to integrate wright's innovative principles into their own lives, exemplifying a better way of living that is accessible to all.

The laurent house foundation is organized to acquire, maintain, and preserve a historically significant frank lloyd wright home, original furnishings, and documents. The foundation will serve to inform the public about the educational, historic, and architectural relevance of the only handicapped accessible home designed by america's greatest architect.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,155,217$1,172,090▲ $16,873
Cash and Non-Interest-Bearing Accounts$164,361$201,008▲ $36,647
Savings and Temporary Cash Investments$72,169$61,780▼ $10,389
Pledges and Grants Receivable$46,000$43,500▼ $2,500
Accounts Receivable$5,998$5,998→ $0
Inventories for Sale or Use$3,775$3,276▼ $499
Total Assets$1,447,520$1,487,652▲ $40,132
Liabilities
Mortgage Notes Payable Secured by Investment Property$379,387$379,387→ $0
Accounts Payable and Accrued Expenses$14,255$3,054▼ $11,201
Total Liabilities$393,642$382,441▼ $11,201
Net Assets / Fund Balance
Unrestricted Net Assets$1,038,878$1,090,211▲ $51,333
Temporarily Rstr Net Assets$15,000$15,000→ $0
Total Net Assets Fund Balance$1,053,878$1,105,211▲ $51,333
Total Liabilities and Net Assets / Fund Balance$1,447,520$1,487,652▲ $40,132

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,164,155--
Equipment$7,935$3,006-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$21,196-▲ $21-$21,217
2013$20,025$1,150▲ $21-$21,196
2012$20,000-▲ $25-$20,025
2011-$20,000--$20,000
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Susan MeyersExecutive DirectorPT$20,580$20,580

Board Members and Trustees

NameTitle
Jerry HeinzerothBoard President
Andrew QuintanillaBoard Member
Jessica SteinbergBoard Member
Marcia MuellerBoard Member
Mary Beth Peterson-johnsonBoard Member
Michele PetrieBoard Member
Richard JohnsonBoard Member
Steve BoisBoard Member
Tom FurstBoard Member
John GrohBoard Secretary
David SchroepferBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,028
Program Service Revenue
$25,240
Investment Income
$44
Other Revenue
$0
All Other Contributions
$151,028
Change in Net Assets
$51,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,407
Salaries, Compensation, and Employee Benefits$32,572
Total Fundraising Expense$21,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$29,404--$29,404
Other Salaries and Wages-$20,580$7,413$27,993
Interest-$14,136-$14,136
Advertising--$10,068$10,068
Travel$9,355--$9,355
Fees for Services Accounting-$9,065-$9,065
Office Expenses-$970$4,216$5,186
Insurance$4,765--$4,765
Payroll Taxes-$4,579-$4,579
Depreciation Depletion$2,043--$2,043
Other Expenses$2,485$485-$485
Total Functional Expenses$48,055$55,227$21,697$124,979
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Copies were provided for review in advance of signature and filing.”

Form 990, Part VI, Section B, Line 12

“The executive committee and/or the governing board periodically discussed the existence of related party activities and potential conflicts.”

Form 990, Part VI, Section C, Line 19

“Notice made to interested parties that aforementioned data is available, in writing, upon request.”

Filing and Contact Details

Filer

Filer Name
Laurent House Foundation Inc
EIN
45-3939091
Phone
8158772952
Address
4646 SPRING CREEK ROAD, ROCKFORD, IL 61107

Signing Officer

Name
Jerry Heinzeroth
Title
President
Phone
8158772952
Signed
2016-05-31

Organization Details

Principal Officer
Jerry Heinzeroth
Formed
2011
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
50
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

“The foundation's permanent physical assets consist of grounds, buildings, furnishings, and historical documents of the lurent house desinged by frank lloyd wright. These are carried as assets and stated at cost and are not subject to depreciation.”

PART V, LINE 4:

“To sustain the operations of the house for public viewing”

Raw XML Appendix388 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYOtherExpensesAmt095830
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt028125
IRS990/PYRevenuesLessExpensesAmt060129
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt095830
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0155959
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt051333
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025284
IRS990/SavingsAndTempCashInvstGrp/BOYAmt072169
IRS990/SavingsAndTempCashInvstGrp/EOYAmt061780
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0176312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0155959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0282524
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0817587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01432382
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01432382
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0176312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0155959
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0282524
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0817587
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01432382
IRS990ScheduleA/TotalSupportAmt01432382
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01164155
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01164155
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt021196
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt021217
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt021
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt020025
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01150
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt021196
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt020000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt020025
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt020000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt020000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07935
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03006
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt010941
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PERMANENT PHYSICAL ASSETS CONSIST OF GROUNDS, BUILDINGS, FURNISHINGS, AND HISTORICAL DOCUMENTS OF THE LURENT HOUSE DESINGED BY FRANK LLOYD WRIGHT. THESE ARE CARRIED AS ASSETS AND STATED AT COST AND ARE NOT SUBJECT TO DEPRECIATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TO SUSTAIN THE OPERATIONS OF THE HOUSE FOR PUBLIC VIEWING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01172090
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES WERE PROVIDED FOR REVIEW IN ADVANCE OF SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE AND/OR THE GOVERNING BOARD PERIODICALLY DISCUSSED THE EXISTENCE OF RELATED PARTY ACTIVITIES AND POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOTICE MADE TO INTERESTED PARTIES THAT AFOREMENTIONED DATA IS AVAILABLE, IN WRITING, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt015000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt015000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01447520
IRS990/TotalAssetsEOYAmt01487652
IRS990/TotalAssetsGrp/BOYAmt01447520
IRS990/TotalAssetsGrp/EOYAmt01487652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0151028
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021697
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt048055
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124979
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0393642
IRS990/TotalLiabilitiesEOYAmt0382441
IRS990/TotalLiabilitiesGrp/BOYAmt0393642
IRS990/TotalLiabilitiesGrp/EOYAmt0382441
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01053878
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01105211
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt048055
IRS990/TotalProgramServiceRevenueAmt025240
IRS990/TotalReportableCompFromOrgAmt020580
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025284
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0176312
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01447520
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01487652
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt09355
IRS990/TravelGrp/TotalAmt09355
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01038878
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01090211
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0LAURENTHOUSE.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY HEINZEROTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08158772952
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAURENT HOUSE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUR
ReturnHeader/Filer/EIN0453939091
ReturnHeader/Filer/PhoneNum08158772952
ReturnHeader/Filer/USAddress/AddressLine1Txt04646 SPRING CREEK ROAD
ReturnHeader/Filer/USAddress/CityNm0ROCKFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061107
ReturnHeader/ReturnTs02016-06-07T09:26:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,487,652
Liabilities
$382,441
Net assets
$1,105,211
Revenue
$176,312
Expenses
$124,979
Net income
$51,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.41$0.08$2.34$0.42$0.30$0.12
2024Detailed filing. Detailed filing data is available for this year.$2.44$0.22$2.22$0.43$0.30$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.31$0.24$2.07$0.40$0.16$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.16$0.32$1.84$0.18$0.15$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.21$0.40$1.81$0.21$0.13$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.46$1.73$0.32$0.10$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.21$1.50$0.44$0.06$0.38
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.24$1.13$0.08$0.05$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.36$0.26$1.10$0.09$0.13$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.30$1.15$0.25$0.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.49$0.38$1.11$0.18$0.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.39$1.05$0.16$0.10$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.14$0.99$0.05
2012Summary only. Only limited summary data is available for this year.$0.83$0.07$0.76$0.82$0.06$0.76