Lombard Family Foundation
- Assets
- $9.4m
- Revenue
- $191.3k
- Investments
- $9.3m
- Employees
- 0
- Location
- Needham, MA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 04-3031796
Organization Overview
Lombard Family Foundation is located in Needham, MA. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Lombard Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lombard Family Foundation generated $191.3k in total revenue. All expenses for the organization totaled $645.2k during the year ending 12/2022. While expenses have increased by 50.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lombard Family Foundation has awarded 34 individual grants totaling $1,182,980. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lombard Trustee | 0 | $0 | |
Michael J Lombard Trustee | 8 | $28,809 | |
R Robert Popeo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,448 |
| Dividends & Interest | $70,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$159,850 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $246,761 |
| Total Revenue | $191,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,809 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,406 |
| Total operating and administrative expenses | $60,204 |
| Contributions, gifts, grants paid | $585,000 |
| Total expenses and disbursements | $645,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,197 |
| Savings and temporary cash investments | $60,176 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,954,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,461 |
| Total assets | $9,422,411 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lombard Family Foundation has awarded $585,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM PURPOSE: GENERAL CONTRIBUTION | $125,000 |
BIG BROTHER BIG SISTER OF MASS BAY ASSOCIATION PURPOSE: GENERAL CONTRIBUTION | $25,000 |
LABOURE CENTER PURPOSE: GENERAL CONTRIBUTION | $100,000 |
ROSIES PLACE PURPOSE: GENERAL CONTRIBUTION | $10,000 |
BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM PURPOSE: GENERAL CONTRIBUTION | $50,000 |
BIG BROTHER BIG SISTER OF MASS BAY ASSOCIATION PURPOSE: GENERAL CONTRIBUTION | $125,000 |