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Filing year 2024

LA-Z-BOY FOUNDATION

Monroe, Michigan·EIN 38-6087673·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$2.1M
Total assets
$26.4M
Total expenses
$1.6M
Reported officers
6

Reported officers (all unpaid)

No paid executives reported in 2024. LA-Z-BOY FOUNDATION reported 6 unpaid officers and board members on its 990-PF.

President
Secretary
Admin/treasu
Director
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.5M

Itemized grants

120

Median grant

$5k

RecipientLocationPurposeAmount
RIVER RAISIN NBP FOUNDATIONMONROE, MIEDUCATION-LIBRARIES$140k
NEOSHO R-5 SCHOOLS CHARITABLE FDNNEOSHO, MOEDUCATION-LIBRARIES$100k
UNITED WAY OF MONROELENAWEE COMONROE, MIPUBLIC BENEFIT$95k
MONROE CO OPP PROGMONROE, MIHUMAN SERVICES$76k
APPALACIAN STATE UNIVERSITYBOONE, NCEDUCATION-LIBRARIES$67k
RHEA COUNTY UNITED WAYDAYTON, TNPUBLIC BENEFIT$55k
ISAIAH 117 HOUSEELIZABETHTON, TNHUMAN SERVICES$50k
MONROE FAMILY YMCAMONROE, MIHUMAN SERVICES$50k
PROMEDICA FOUNDATIONTOLEDO, OHHUMAN SERVICES$50k
SILOAM SPRINGS PUBLIC SCHOOLSSILOAM SPRINGS, AREDUCATION-LIBRARIES$50k
TRI STATE FAMILY YMCANEOSHO, MOPUBLIC BENEFIT$50k
CITY OF MONROE POLICE DEPARTMENTMONROE, MIPUBLIC BENEFIT$38k
AMERICAN HEART ASSOCIATIONSOUTHFIELD, MIHEALTH CARE$30k
AMERICAN RED CROSSDETROIT, MIHUMAN SERVICES$25k
CHILDREN'S ADVOCACY CENTER OF BENTOROGERS, ARHUMAN SERVICES$25k
THE SALVATION ARMYMONROE, MIHUMAN SERVICES$25k
UNITED GIVERS FUNDNEWTON, MSPUBLIC BENEFIT$25k
COMMUNITY FOUND OF MONROE COMONROE, MIPUBLIC BENEFIT$21k
FAM COUNSELING & SHELTER SVCSMONROE, MIHUMAN SERVICES$15k
MONROE CO BUSINESS BUS ALLIANCEMONROE, MIPUBLIC BENEFIT$15k
NEOSHO R-5 SCHOOLS CHARITABLENEOSHO, MOEDUCATION-LIBRARIES$15k
EAST NEWTON CHARITABLE FOUNDATIONGRANBY, MOEDUCATION-LIBRARIES$13k
MCDONALD COUNTY SCHOOLS FDNANDERSON, MOEDUCATION-LIBRARIES$13k
SENECA R-7 SCHOOLS FOUNDATIONSENECA, MOEDUCATION-LIBRARIES$13k
MONROE CENTER FOR HEALTHY AGINGMONROE, MIHUMAN SERVICES$12k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

LA-Z-BOY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.8M
$1.5M
2023
$2.1M
$1.6M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Michigan

LA-Z-BOY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Michigan earns a median of $25,000.

25th percentile
$7k
Median
$25,000
75th percentile
$65k
90th percentile
$147k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 732 organizations across 732 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Michigan
FAQ

Common questions about LA-Z-BOY FOUNDATION

What are LA-Z-BOY FOUNDATION's revenue and expenses?

In 2024, LA-Z-BOY FOUNDATION reported $2.1M in total revenue and $1.6M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.