Lpm Charitable Foundation
- Assets
- $295.3k
- Revenue
- $99.6k
- Investments
- $209.5k
- Employees
- 0
- Location
- Bolton, MA
- Founding
- 01/1998
- Data as of
- 08/2023
- EIN
- 04-3316344
Organization Overview
Lpm Charitable Foundation is located in Bolton, MA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lpm Charitable 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 08/2023, Lpm Charitable Foundation generated $99.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $33.4k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (22.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lpm Charitable Foundation has awarded 207 individual grants totaling $352,161. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO CHARITIES AND ORGANIZATIONS IN THE AREAS OF EDUCATION, ENVIRONMENT, HEALTH AND HUMAN SERVICES, COMMUNITY AND CIVIC DEVELOPMENT, AND THE ARTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Watson Chairman, Trustee | 5 | $0 | |
Laurie J Watson Tres./sec., Trustee | 5 | $0 | |
Michael Watson Executive Director | 5 | $0 | |
Dan Redfern Trustee | 5 | $0 | |
Patrick Watson Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,258 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $693 |
| Total operating and administrative expenses | $693 |
| Contributions, gifts, grants paid | $32,696 |
| Total expenses and disbursements | $33,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,869 |
| Savings and temporary cash investments | $35,594 |
| 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 | $600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $209,505 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $686 |
| Total assets | $295,254 |
| 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, Lpm Charitable Foundation has awarded $32,696 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BETSY MAE DEWALLACE PURPOSE: ANNUAL FUND | $600 |
BRIGHT HORIZONS PURPOSE: ANNUAL FUND | $1,100 |
FIRST TEE OF MASSACHUSETTS PURPOSE: ANNUAL FUND | $1,200 |
RFK COMMUNITY ALLIANCE PURPOSE: ANNUAL FUND | $12,680 |
SUDBURY MEN'S SOFTBALL PURPOSE: ANNUAL FUND | $2,500 |
TOYS FOR TOTS PURPOSE: ANNUAL FUND | $916 |