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Latvian Foundation INC

Tax-deductible

Saint Louis, MO501(c)(3)Since 1970Arts & CultureEIN 23-7089477Revenue $107K in FY2025

On file with the IRSlatviesufonds.org119 N Van Buren Ave, 63122-4106 · Saint Louis, MOTax-exempt since Feb 1976Publicly supported charity — 170(b)(1)(A)(vi)

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Preservation of Latvian Culture: to maintain and perpetuate Latvian culture and ethnic traditions; to sponsor research on Latvian history; to support cultural and educational events; to sponsor literary works

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $109K a year · 59% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
+19% vs prior year
Spent
$77K
To programs
81%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$107K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$381K
FY2021$147K
FY2022$140K
FY2023$242K
FY2024$89K
FY2025$107K
Expenses
$77K
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$83K
FY2021$76K
FY2022$82K
FY2023$66K
FY2024$69K
FY2025$77K
Net assets
$1.7M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.1M
FY2023$1.3M
FY2024$1.5M
FY2025$1.7M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1976.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $62K Management & general 17% · $13K Fundraising 3% · $2K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Renate Kenney
President
$0Pt VII · Sec A
Rita Grendze
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Jana Anca-Tetere
Board Member
$0Pt VII · Sec A
Linda Byron
Audit Committee
$0Pt VII · Sec A
Anna Glass
Board Member
$0Pt VII · Sec A
Nora Steele
Vice President
$0Pt VII · Sec A
Ieva Dexter
Audit Committee
$0Pt VII · Sec A
See Latvian Foundation INC 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 15aYes

Programs and updates

Preserves and supports Latvian educational and cultural activities.

Questions for Latvian Foundation INC

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Provided by the organization

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2 programs · $53K · in their own filed words · FY2025
01

Maintain and perpetuate Latvian culture and ethnic traditions via support of traditional and contemporary music, folk songs and ethnic cultural artifacts including folk costume design and origin.

$31Kprogram expense
02

Research and education undertakings of Latvian social history, modern day history and diaspora documentaries.

$22Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$11K
Total grants receivedfrom 1 funder$11K
Grants paid · 5 grants · $50K · 2020–2025
Chicago Latvian Child Care and PreschoolIL · FY2025$10,000
Xvi Latvian Song and Dance Festival INCMI · FY2025$10,000
Unitemized GrantFY2022$10,000
Xv Latvian SongFY2021$10,000
Unitemized GrantFY2020$10,343

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$107K
Ln 12
Investment incomeLn 3$68K
Gifts and grantsLn 1h$37K
Other incomeLn 4–11$2K
Money outPt IX
$77K
Ln 25
Programscol B$62K
Managementcol C$13K
Fundraisingcol D$2K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$1.7M
LiabilitiesLn 26$50K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Investment incomeLn 3$68K
Other incomeLn 4–11$2K
Gains on assetsLn 7$26K
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
InvestmentsLn 11–13$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$50K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$81K$100K
InvestmentsLn 11–13$1.5M$1.6M
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$55K$50K
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$24K$24K
Grants to domestic individualsLn 2$6K$6K
Grants and assistance to foreign recipientsLn 3$23K$23K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$773$773
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$981$1K
Information technologyLn 14$659$659
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$50$50
Total functional expensesLn 25$77K$62K$13K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $107K$77K$30K$1.7M 990 PDF
FY2024 $89K$69K$20K$1.5M 990 PDF
FY2023 $242K$66K$177K$1.3M 990 PDF
FY2022 $140K$82K$57K$1.1M 990 PDF
FY2021 $147K$76K$70K$1.4M 990 PDF
FY2020 $381K$83K$299K$1.2M 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 $106,667 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,310$37,190
I-9 Program service revenue$0
I-10 Investment incomePrior year $55,972$67,950
I-11 Other revenuePrior year $3,095$1,527
I-12 Total revenuePrior year $89,377$106,667
I-13 Grants and similar amounts paidPrior year $49,000$53,133
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $19,906$23,722
I-18 Total expensesPrior year $68,906$76,855
I-19 Revenue less expensesPrior year $20,471$29,812
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $106,667 across 7 lines filed
Lines not itemized here account for $655 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$37,190
VIII-1h Total contributions, gifts and grants$37,190
VIII-3 Investment incomeRelated to mission $42,012$42,012
VIII-7 Net gain or loss on sales of assets$25,938
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $872$872
VIII-12 Total revenueRelated to mission $43,539 · Unrelated business $0 · Excluded from tax $0$106,667
Part IX · Statement of functional expenses $76,855 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $24,000$24,000
IX-2 Grants to domestic individualsPrograms $6,500$6,500
IX-3 Grants and assistance to foreign recipientsPrograms $22,633$22,633
IX-11f Investment management feesManagement $10,237$10,237
IX-11g Other fees for servicesManagement $773$773
IX-12 Advertising and promotionFundraising $2,000$2,000
IX-13 Office expensesPrograms $981 · Management $1,242$2,223
IX-14 Information technologyManagement $659$659
IX-17 TravelPrograms $7,780$7,780
IX-19 Conferences, conventions and meetingsManagement $50$50
IX-25 Total functional expensesPrograms $61,894 · Management $12,961 · Fundraising $2,000$76,855
Part X · Balance sheet $1,749,111 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $81,326$100,079
X-11 Publicly traded securitiesStart of year $1,475,539$1,649,032
X-16 Total assetsStart of year $1,556,865$1,749,111
X-18 Grants payableStart of year $52,387$47,041
X-25 Other liabilitiesStart of year $2,755$2,755
X-26 Total liabilitiesStart of year $55,142$49,796
X-27 Net assets without donor restrictionsStart of year $1,447,520$1,645,112
X-28 Net assets with donor restrictionsStart of year $54,203$54,203
X-32 Total net assets or fund balancesStart of year $1,501,723$1,699,315
X-33 Total liabilities and net assetsStart of year $1,556,865$1,749,111
Part XI · Reconciliation of net assets $1,699,315 net assets at year end
XI-1 Total revenue$106,667
XI-2 Total expenses$76,855
XI-3 Revenue less expenses$29,812
XI-4 Net assets at start of year$1,501,723
XI-5 Net unrealized gains (losses) on investments$167,780
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,699,315

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

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