Louis Latzer Memorial Public Library
Louis Latzer Memorial Public Library is a private foundation, based in Highland, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $354K in total assets. In 2025, it awarded 1 grant totaling $21K. Net investment income was $9K.
Louis Latzer Memorial Public Library at a glance
In short: Louis Latzer Memorial Public Library gave $21K across 1 grant in 2025 (avg $21K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,581
- -12.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $20,581
- -12.2% vs 2024
- Median grant
- $20,581
- Total assets
- $354,207
- -3.1% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Louis Latzer Memorial Public Library funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Louis Latzer Memorial Library ($21K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Louis Latzer Memorial Public Library gives
- Giving held roughly steady from 2022 to 2025 (+8%). Method
- In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $16K (2021) to $23K (2024). In 2025 it made 1 grant totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Louis Latzer Memorial Library Highland, IL | Exempt Purpose | $20,581 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $354,207 | $15,920 | $27,301 | $20,581 | 1 | $20,581 | $9,200 | $20,003 |
| 2024 | $365,586 | $23,643 | $32,662 | $23,429 | 1 | $23,429 | $14,352 | $18,885 |
| 2023 | $374,565 | $-1,646 | $24,371 | $20,777 | 1 | $20,777 | $7,806 | $18,307 |
| 2022 | $400,582 | $10,653 | $25,223 | $18,999 | 1 | $18,999 | $4,283 | $20,053 |
| 2021 | $415,501 | $22,333 | $19,666 | $15,866 | 1 | $15,866 | $18,533 | $21,364 |
| 2020 | $413,328 | $47,355 | $23,937 | $20,125 | 1 | — | $43,543 | $20,328 |
Under IRS private-foundation payout rules, Louis Latzer Memorial Public Library reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Louis Latzer Memorial Public Library is led by Highland Area Community Founda, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Highland Area Community Founda
Trustee
On filings since 2020
1 hr/week
$932 (2020) → $0 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $3K, to Highland Area Community Founda (Trustee).
Frequently asked questions about Louis Latzer Memorial Public Library
How much does Louis Latzer Memorial Public Library give each year?
Louis Latzer Memorial Public Library gave $21K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 1 grant.
How large is Louis Latzer Memorial Public Library?
Louis Latzer Memorial Public Library reported $354K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
Where does Louis Latzer Memorial Public Library operate?
Louis Latzer Memorial Public Library has awarded grants in Illinois.
What is Louis Latzer Memorial Public Library's EIN?
Louis Latzer Memorial Public Library's EIN (Employer Identification Number) is 43-6848488. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 20, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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