LETTEN FOUNDATION
(no title)
Professor Letten F. Saugstad (1925 – 2014) founded the Letten Foundation in 1986. The Letten Foundation promotes basic research especially in the field of birth defects and certain aspects of mental illness which increases the knowledge of brain structure and function. The Foundation also prioritizes studies of health effects associated with environmental pollution and other…
Links
Organization
- Chairman of the board
- HS
Håkon Sandbakken1989
- Years since formation
- 28 years
- since Feb 24, 1997
- Type
- Foundation
- VAT registered
- No
- Number of employees
- 0
Financials
- Total operating income 2023
- 5,225,184
- NOK
- Annual total result 2023
- 773,354
- NOK
- Total equity 2023
- 66,058,803
- NOK
Last update: Aug 29, 2024
Management
Board
| Name | Role | Shares |
|---|---|---|
| Business Manager | - | |
EM | Contact Person | - |
EA 1943 | Alternate Member | - |
| Deputy Chair | - | |
SR 1960 | Board Member | - |
HS 1989 | Chairman | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Last update: Jul 19, 2024
Ownership
Shares owned by the LETTEN FOUNDATION
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| NO0010036270 | 7,000 | 0.21 % |
Last update: May 24, 2024
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 5,225,184 | 4,565,687 | 7,366,684 |
Annual Total Result | 773,354 | 3,858,074 | 3,493,143 |
Total assets | 69,593,049 | 66,673,810 | 62,859,449 |
Total liabilities | 3,534,246 | 1,388,360 | 1,432,073 |
Total equity | 66,058,803 | 65,285,450 | 61,427,376 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 5,225,184 | 4,565,687 | 7,366,684 |
Total operating costs | 4,488,632 | 707,258 | 3,873,542 |
Operating result | 736,552 | 3,858,429 | 3,493,142 |
Financial income/costs | 36,802 | -356 | 1 |
Profit before tax | 773,354 | 3,858,074 | 3,493,143 |
Total tax & extraordinary income/cost | 0 | 0 | 0 |
Annual Total Result | 773,354 | 3,858,074 | 3,493,143 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 14,901 | 14,901 | 2,046,000 |
Total current assets | 69,578,148 | 66,658,909 | 60,813,449 |
Total assets | 69,593,049 | 66,673,810 | 62,859,449 |
Short term debt | 3,534,246 | 1,388,360 | 1,432,073 |
Long term debt | 0 | 0 | 0 |
Total liabilities | 3,534,246 | 1,388,360 | 1,432,073 |
Contributed capital | 1,000,000 | 1,000,000 | 1,000,000 |
Retained earnings | 65,058,803 | 64,285,450 | 60,427,376 |
Total equity | 66,058,803 | 65,285,450 | 61,427,376 |
Total equity and liabilities | 69,593,049 | 66,673,810 | 62,859,449 |
Classification
Category
Type of organization
Foundation
Standard industrial classification
S
Main industrial area
Other service activities
94
Activity
Activities of membership organisations
94.9
Main industrial group
Activities of other membership organisations
94.99
Industrial group
Activities of other membership organisations n.e.c.
94.992
Industrial group
Charities which distribute means themselves