Latvian Center Garezers
Legal name: Friends of Garezers Inc
Overview
Mission
Section 3. Creation and Use of Unrestricted Endowment Fund.** The Board of Directors may create an Unrestricted Endowment Fund, the purpose of which is to support with income and growth earnings any general purpose of the Corporation as may be approved by the Board of Directors. If the Board of Directors elects to establish and operate an Unrestricted Endowment Fund, the Board of Directors shall operate the Unrestricted Endowment Fund in accordance with rules and regulations which the Board of Directors may, from time to time, adopt. In no event shall the Board of Directors withdraw the principal contributions of the Unrestricted Endowment Fund without the approval of two-thirds (2/3) of the.
What it reported funding in 2025
The foundation reported 1 grant totaling $768,922. The stated grant purpose was contruction of new multi activity building.
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Grant intermediary. The foundation distributed 99% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
Nonprofit profile at a glance
- EIN
- 273875602
- IRS 990-PF coverage
- 2020–2025
- Website reviewed
- Sep 2026
- Forms available
- Form 990 2014, Form 990-PF 2025, Form 990-N 2010
- Headquarters
- Three Rivers, MI, United States
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Buddhism
- Affiliation
- Buddhism
The verdict
STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 99
- Transparency: 100
- Compliance: 100
- Endowment Health: 3
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 98th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 99.3%; rating input score 99; 97th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
- Filing consistency checks: 10; rating input score 100
Endowment Health
- Endowment-health comparison: 1.92; rating input score 3; 3rd percentile among comparable filings
Details
- What they fund: 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 3th percentile for endowment coverage
- Consistency: 10 of 10 current checks pass
- Filing history: 6 annual filings from 2020 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.