Lindalea P Ludwick Family Foundation Inc
- Assets
- $2.0m
- Revenue
- $127.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 06-1566031
Organization Overview
Lindalea P Ludwick Family Foundation Inc is located in New Haven, CT. 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 the central organization for a national or regional group of organizations. Lindalea P Ludwick Family Foundation Inc 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 12/2023, Lindalea P Ludwick Family Foundation Inc generated $127.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $119.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lindalea P Ludwick Family Foundation Inc has awarded 42 individual grants totaling $570,000. 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 |
|---|---|---|---|
Lindalea P Ludwick Pres Director | 1 | $0 | |
Ron Michael Meneo Sec Director | 0.5 | $0 | |
Jessica Mcnamara Director | 0.15 | $0 | |
Rebekah Pite Director | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,816 |
| Capital Gain Net Income | $13,816 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,853 |
| Total Revenue | $127,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,021 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $119,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,027 |
| Savings and temporary cash investments | $0 |
| 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 | $2,009,019 |
| Total assets | $2,012,046 |
| 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, Lindalea P Ludwick Family Foundation Inc has awarded $100,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
APPARENT LOVE PURPOSE: SUPPORT | $4,000 |
HEIFER INTERNATIONAL PURPOSE: SUPPORT | $10,000 |
ST MARTIN DE PORRES ACADEMY PURPOSE: SUPPORT | $10,000 |
HABITAT FOR HUMANITY PURPOSE: SUPPORT | $10,000 |
TOUCH OF COMFORT PURPOSE: SUPPORT | $10,000 |
MY SISTER'S CIRCLE PURPOSE: SUPPORT | $10,000 |