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LAGRO CANAL FOUNDATION INC

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Public IRS 990 nonprofit record

LAGRO CANAL FOUNDATION INC

EIN 82-1768966 · Historical Organizations (A80)

What they do

THE PURPOSE for WHICH THIS CORPORATION is ORGANIZED ARE to STIMULATE REVITALIZATION IN THE COMMUNITY of LAGRO, INDIANA THROUGH THE FOLLOWING ACTIVITIES: 1) DEVELOPMENT (RENOVATING HISTORIC STRUCTIONS and ENGAGING IN OTHER PLACEMAKING ACTIVITIES); 2) ORGANIZATION (ENCOURAGING COOPERATION and BUILDING LEADERSHIP IN THE COMMUNITY); 3) PROMOTION (CREATING A POSITIVE IMAGE for THE COMMUNITY and ITS NATURAL AMENITIES); 4) DESIGN (IMPROVING THE APPEARANCE of THE COMMUNITY); 5) EDUCATION (SHARING INFORMATION ABOUT THE HISTORY of LAGRO and ITS PEOPLE); 6) to RECEIVE, ADMINISTER, and DISTRIBUTE FUNDS IN CONNECTION WITH ANY ACTIVITIES RELATED to THE ABOVE PURPOSES; PROVIDED, HOWEVER, THAT THE CORPORATION SHALL ONLY ENGAGE IN ACTIVITIES THAT ARE IN THE PURVIEW of SECTION 501(C)3 of THE INTERNAL REVENUE CODE of 1954 or CORRESPONDING SECTION of ANY PRIOR or FUTURE LAW.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$20.04spent for every $100 of revenueRevenue covered expenses this year.
20.04%of revenue went to management and office costs100.0% of expenses
$24.23in assets for every $1 spent this yearSome assets cannot be spent right away.
99.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$92,010
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$18,43920.04% of revenue100.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$73,57179.96% of revenueShown in gray on the chart
Total expenses$18,43920.04% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 20.04% of revenue
2023Expense mix: 35.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 6.64% of revenue

Money in and money out

Revenue$92,010
Expenses$18,439
Annual surplus $73,571 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$18,439 · 100.0% of expenses
See all reported dollar amounts
Revenue$92,010
Expenses$18,439
Assets$446,810
Income$92,010
Contributions$91,348
Management and general$18,439
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (13)

ANDY EADSSECRETARY

BETH GILLESPIEPRESIDENT

FRAN MCVICKERDIRECTOR

GINA QUINNDIRECTOR

JENNIFER LONG DILLIONVICE PRESIDE

JORDAN TANDYATTORNEY

JUSTIN GILLESPIEDIRECTOR

KOLBY ROSEMEYERTREASURER

LAVONNE SPARLINGSECRETARY

PEGGY EADSDIRECTOR

RICH WOLFGANGDIRECTOR

SCOTT EADSDIRECTOR

SCOTT ROSSDIRECTOR

About this charity

Recognized since
January 2025
Location
828 WASHINGTON ST, LAGRO, IN 46941
County
Wabash
In care of
KOLBY ROSEMEYER
Primary officer
KOLBY ROSEMEYER, TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
DAWES & PUGH CPAS LLC
NTEE classification
Historical Organizations (A80)
IRS tax category
Historical Organizations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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