Lpm Charitable Foundation
- Assets
- $310.5k
- Revenue
- $71.8k
- Investments
- $191.3k
- Employees
- 0
- Location
- Bolton, MA
- Founding
- 01/1998
- Data as of
- 08/2021
- 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 08/2021, Lpm Charitable Foundation generated $71.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $32.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (30.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lpm Charitable Foundation has awarded 164 individual grants totaling $278,500. 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Watson Chairman, Trustee | 5 | $0 | |
Michael Watson Executive Director | 5 | $0 | |
Laurie J Watson Tres./sec., Trustee | 5 | $0 | |
Dan Redfern Trustee | 5 | $0 | |
Patrick Watson Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,306 |
| 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 | $71,806 |
| 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 | $3,279 |
| Total operating and administrative expenses | $3,279 |
| Contributions, gifts, grants paid | $29,547 |
| Total expenses and disbursements | $32,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,003 |
| Savings and temporary cash investments | $10,574 |
| 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 | $191,295 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $310,472 |
| 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 | $5,674 |
| Total liabilities | $5,674 |
Grants Awarded
Over the last fiscal year, Lpm Charitable Foundation has awarded $29,547 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERT F KENNEDY CHILDREN'S ACTION CORP PURPOSE: ANNUAL FUND | $9,700 |
CUSHING ACADEMY PURPOSE: ANNUAL FUND | $4,500 |
PERKINS SCHOOL PURPOSE: ANNUAL FUND | $2,720 |
SUDBURY MEN'S SOFTBALL PURPOSE: ANNUAL FUND | $2,320 |
CAMP WING PURPOSE: ANNUAL FUND | $2,266 |
DEPARTMENT OF YOUTH SERVICES PURPOSE: ANNUAL FUND | $1,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |
Hospice-Vnsw Wphc Inc White Plains, NY | $7,508,393 | $8,068,324 |
Harrow Corporation Cambridge, MA | $149,449,226 | $7,488,293 |
The Armory Foundation New York, NY | $10,796,175 | $8,230,990 |
March Inc Of Manchester C/O Robert F Gorman Manchester, CT | $2,238,128 | $7,972,954 |
The Pierre And Tana Matisse Foundation New York, NY | $201,513,951 | $12,995,130 |
Young Mens Christian Association Of Olean Ny And Bradford Pa Olean, NY | $15,431,743 | $7,834,907 |
Compass Working Capital Inc Boston, MA | $7,231,995 | $7,536,157 |
The Sea Gate Association Brooklyn, NY | $31,154,598 | $12,359,100 |