Ludes Family Foundation
- Assets
- $1.3m
- Revenue
- -$13.9k
- Investments
- $973.6k
- Employees
- 0
- Location
- Marion, MA
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 04-3448695
Organization Overview
Ludes Family Foundation is located in Marion, MA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ludes 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.
Since 2015, Ludes Family Foundation has awarded 741 individual grants totaling $924,950. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ludes Trustee | 0 | $0 | |
Doris Ludes Trustee | 0 | $0 | |
Sharon J Giblin Trustee | 0 | $0 | |
Greg H Ludes Trustee | 0 | $0 | |
John T Ludes Jr Trustee | 0 | $0 | |
Laura J Ludes Executive Dir. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$53,642 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$13,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $33,518 |
| Contributions, gifts, grants paid | $127,000 |
| Total expenses and disbursements | $160,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,991 |
| Savings and temporary cash investments | $211,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,268,555 |
| 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, Ludes Family Foundation has awarded $127,000 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: UNRESTRICTED | $3,000 |
AMERICAN RED CROSS PURPOSE: UNRESTRICTED $2,000, RELIEF EFFORSTS FOR UKRAINE AND OR POLAND $1,000 | $3,000 |
SAVE THE CHILDREN PURPOSE: UNRESTRICTED | $5,000 |
NEW BEDFORD SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: UNRESTRICTED | $5,000 |
TABOR ACADEMY PURPOSE: TO BE USED FOR THE TABORY ACADEMY ANNUAL FUND | $1,000 |