The Martin J Lafoley Foundation: Nonprofit Profile, Financials & Form 990 (EIN 04-3148023)

Revenue by fiscal year
FY2020	$24K
FY2021	$36K
FY2022	$62K
FY2023	$19K
FY2024	$13K
FY2025	$153K

Expenses by fiscal year
FY2020	$23K
FY2021	$13K
FY2022	$9K
FY2023	$27K
FY2024	$16K
FY2025	$610K

Net assets by fiscal year
FY2020	$495K
FY2021	$576K
FY2022	$493K
FY2023	$513K
FY2024	$601K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $603K Management & general 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

William Cook

Trustee

$0Pt VII · Sec A

Beverly Lafoley

Trustee

$0Pt VII · Sec A

See The Martin J Lafoley Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers scholarships and financial aid to students excelling in academics, social values, and amateur athletics.

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Provided by the organization

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1 program · $603K · in their own filed words · FY2024

01

Grants are made to various organizations that serve students of secondary school age in special needs, achieving educational goals or achieving amateur athletic goals and to athletic or special needs programs, including ski programs, for students.

$603Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 8 grants · $624K · 2019–2024

New Hampshire Charitable FoundationNH · FY2024$586,542

Squam Lakes AssociationNH · FY2024$7,510

Squam Lakes Conservation SocietyNH · FY2024$5,500

Squam Lakes AssociationNH · FY2022$5,250

Franconia Ski ClubNH · FY2020$5,000

Squam Lakes AssociationNH · FY2020$2,485

Holderness SchoolNH · FY2020$500

New Hampshire Charitable FoundationNH · FY2019$10,840

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$153K

Ln 12

Investment incomeLn 3$153K

Gifts and grantsLn 1h$250

Money outPt IX

$610K

Ln 25

Programscol B$603K

Managementcol C$7K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$250

Investment incomeLn 3$153K

Gains on assetsLn 7$121K

Total revenueLn 12$153K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$30K	$0
InvestmentsLn 11–13	$571K	$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$601K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$601K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$603K	$603K
Accounting feesLn 11c	$5K		$5K
Investment management feesLn 11f	$2K		$2K
Other fees for servicesLn 11g	$71		$71
Total functional expensesLn 25	$610K	$603K	$7K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$153K	$610K	−$457K	$0	990 PDF
FY2024	$13K	$16K	−$3K	$601K	990 PDF
FY2023	$19K	$27K	−$8K	$513K	990 PDF
FY2022	$62K	$9K	$52K	$493K	990 PDF
FY2021	$36K	$13K	$22K	$576K	990 PDF
FY2020	$24K	$23K	$1K	$495K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $152,844 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,750$250

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $10,283$152,594

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $13,033$152,844

I-13 Grants and similar amounts paidPrior year $10,075$602,552

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $5,847$7,430

I-18 Total expensesPrior year $15,922$609,982

I-19 Revenue less expensesPrior year −$2,889−$457,138

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $152,844 across 5 lines filed

VIII-1f All other contributions, gifts and grants$250

VIII-1h Total contributions, gifts and grants$250

VIII-3 Investment incomeExcluded from tax $31,171$31,171

VIII-7 Net gain or loss on sales of assetsRelated to mission $121,423$121,423

VIII-12 Total revenueRelated to mission $121,423 · Unrelated business $0 · Excluded from tax $31,171$152,844

Part IX · Statement of functional expenses $609,982 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $602,552$602,552

IX-11c Accounting feesManagement $5,250$5,250

IX-11f Investment management feesManagement $2,109$2,109

IX-11g Other fees for servicesManagement $71$71

IX-25 Total functional expensesPrograms $602,552 · Management $7,430 · Fundraising $0$609,982

Part X · Balance sheet $0 assets, 16 lines filed

X-1 Cash, non-interest-bearing$0

X-2 Savings and temporary cash investmentsStart of year $30,414$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $570,623$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $601,037$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $601,037$0

X-33 Total liabilities and net assetsStart of year $601,037$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$152,844

XI-2 Total expenses$609,982

XI-3 Revenue less expenses−$457,138

XI-4 Net assets at start of year$601,037

XI-5 Net unrealized gains (losses) on investments−$143,899

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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