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
Official website data refreshed
Sep 2026
Forms available
Form 990 2014, Form 990-PF 2025, Form 990-N 2010
Location
Three Rivers, MI, United States
Phone
269.244.5441
Rating
90
Verdict
STRONG
Rating confidence
Standard
Sector
Buddhism
Affiliation
Buddhism

Official website

Reported finances

Revenue
$92,666
Expenses
$774,679

Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.

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; 97th 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
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Endowment Health: Endowment-health comparison scored 3/100.