Larc Foundation Inc

Lafayette, LA
Tax-exempt since July 1999
EIN: 72-1446488

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising Organizations That Cross Categories (NTEE)

Donations to this organization are tax deductible.

Revenue

$169k (2025)

Expenses

$81k (2025)

Total Assets

$1.41M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Revenue

$169,216

Expenses

$81,030

Net Income

$88,186

Net Assets

$1,413,723

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$71,800	42.4%
Program Services	$0
Investment Income	$12,672	7.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$84,744	50.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,413,723
Total Liabilities	$0
Net Assets	$1,413,723

Compensation

Key Employees and Officers	Compensation	Related	Other
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

990

Filed on Oct. 24, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2024

Revenue

$93,718

Expenses

$58,464

Net Income

$35,254

Net Assets

$1,322,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,080	3.3%
Program Services	$0
Investment Income	$15,940	17.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$74,698	79.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,322,325
Total Liabilities	$0
Net Assets	$1,322,325

Compensation

Key Employees and Officers	Compensation	Related	Other
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

990

Filed on Jan. 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

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XML

Fiscal Year Ending June
2023

Revenue

-$35,449

Expenses

$56,586

Net Income

-$92,035

Net Assets

$1,204,249

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,810
Program Services	$0
Investment Income	$8,377
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$46,636
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,204,249
Total Liabilities	$0
Net Assets	$1,204,249

Compensation

Key Employees and Officers	Compensation	Related	Other
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

990

Filed on Jan. 29, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2022

Revenue

$2,199

Expenses

$108,025

Net Income

-$105,826

Net Assets

$1,206,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,500	> 100%
Program Services	$0
Investment Income	$1,016	46.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,317
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,206,370
Total Liabilities	$0
Net Assets	$1,206,370

Compensation

Key Employees and Officers	Compensation	Related	Other
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

990

Filed on Dec. 21, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$145,434

Expenses

$42,817

Net Income

$102,617

Net Assets

$1,456,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,907	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$142,527	98.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,456,912
Total Liabilities	$0
Net Assets	$1,456,912

Compensation

Key Employees and Officers	Compensation	Related	Other
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

990

Filed on Dec. 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2020

Revenue

$49,600

Expenses

$47,007

Net Income

$2,593

Net Assets

$1,318,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,700	7.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$16,958
Sales of Assets	$62,858	> 100%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,318,057
Total Liabilities	$0
Net Assets	$1,318,057

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Luke Elliott (Larc Inc Pre)	$0	$0	$0
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Steve Jankower (Larc Treasur)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

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990

Filed on Oct. 14, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

-$32,181

Expenses

$54,517

Net Income

-$86,698

Net Assets

$1,287,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,368
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$12,880
Sales of Assets	-$48,429
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,287,389
Total Liabilities	$0
Net Assets	$1,287,389

Compensation

Key Employees and Officers	Compensation	Related	Other
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0
Mike Maumbach (Larc Treasur)	$0	$0	$0
Mark Melancon (Larc Inc Pre)	$0	$0	$0

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990

Filed on Nov. 21, 2019

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Fiscal Year Ending June
2018

Revenue

$73,266

Expenses

$149,785

Net Income

-$76,519

Net Assets

$1,317,552

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,408	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$70,858	96.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,317,552
Total Liabilities	$0
Net Assets	$1,317,552

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Luke Elliot (Director)	$0	$0	$0
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Steve Jankower (Director)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

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990

Filed on Nov. 6, 2018

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Fiscal Year Ending June
2017

Revenue

-$3,866

Expenses

$71,090

Net Income

-$74,956

Net Assets

$1,394,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,901
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$7,767
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,394,928
Total Liabilities	$0
Net Assets	$1,394,928

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Luke Elliot (Director)	$0	$0	$0
Lyon Hebert (Secretary/Tr)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Steve Jankower (Director)	$0	$0	$0
Jd Morein (Vice Preside)	$0	$0	$0

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990

Filed on Oct. 11, 2017

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Fiscal Year Ending June
2016

Revenue

$3,061

Expenses

$142,058

Net Income

-$138,997

Net Assets

$1,431,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,304	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$243
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,431,292
Total Liabilities	$0
Net Assets	$1,431,292

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$3,389

Expenses

$44,212

Net Income

-$40,823

Net Assets

$1,566,067

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,389	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,566,067
Total Liabilities	$0
Net Assets	$1,566,067

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Baumbach (Board Member)	$0	$0	$0
Wayne Bollich (Secretary/Tr)	$0	$0	$0
Ricky Bonin (Board Member)	$0	$0	$0
Nicholas Gachassin Iii (President)	$0	$0	$0
Bob Lowe (Vice Preside)	$0	$0	$0

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990

Filed on Nov. 16, 2015

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Fiscal Year Ending June
2014

Revenue

$4,096

Expenses

$41,470

Net Income

-$37,374

Net Assets

$1,606,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$4,096	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,606,890
Total Liabilities	$0
Net Assets	$1,606,890

Compensation

Key Employees and Officers	Compensation	Related	Other
Nicholas Gachassin Iii (President)	$0	$0	$0
Robert Lowe (Vice Preside)	$0	$0	$0
Wayne Bollich (Secretary/Tr)	$0	$0	$0
Michael Baumbach (Board Member)	$0	$0	$0
Ricky Bonin (Board Member)	$0	$0	$0

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990

Filed on Sept. 22, 2014

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Fiscal Year Ending June
2013

Revenue

$4,981

Expenses

$39,660

Net Income

-$34,679

Net Assets

$1,644,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$4,981	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,644,264
Total Liabilities	$0
Net Assets	$1,644,264

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$8,345

Expenses

$38,686

Net Income

-$30,341

Net Assets

$1,678,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$8,408	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$63
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,678,943
Total Liabilities	$0
Net Assets	$1,678,943

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Larc Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $169k (2025)

Expenses $81k (2025)

Total Assets $1.41M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2024

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2023

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2022

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2019

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2018

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2017

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$169k (2025)

Expenses

$81k (2025)

Total Assets

$1.41M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

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2012

Fiscal Year Ending June
2011

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2010

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2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

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2006

Fiscal Year Ending June
2005

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2004

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2003

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2002

Fiscal Year Ending June
2001