Lords Foundation Inc
- Assets
- $6.4m
- Revenue
- $402.7k
- Investments
- $6.4m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 20-0218026
Organization Overview
Lords Foundation Inc is located in Jacksonville, FL. The organization was established in 2003. 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. Lords 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, Lords Foundation Inc generated $402.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $388.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lords Foundation Inc has awarded 498 individual grants totaling $2,554,730. 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
ALL OF THE TAXPAYERS ACTIVITIES CONSIST OF MAKING CHARITABLE CONTRIBUTIONS TO OTHER NOT-FOR-PROFIT ENTITIES TO ASSIST SUCH ENTITIES IN FULFILLING THEIR CHARITABLE FUNCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bennett E Brown Chairman | 5 | $0 | |
Albert J Toole Vice Chairman | 5 | $0 | |
Louise C Hardage Secretary | 5 | $0 | |
Sarah Ragsdale Treasurer | 5 | $0 | |
Katy W Towers Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $263,801 |
| Capital Gain Net Income | $263,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $402,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,048 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,695 |
| Total operating and administrative expenses | $78,565 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $388,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,100 |
| 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 | $6,358,591 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,360,691 |
| 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, Lords Foundation Inc has awarded $310,000 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
BILLY GRAHAM EVANGELISTIC ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |
BOB TEBOW EVANGELISTIC ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |
CAMPUS CRUSADE FOR CHRIST - CHRISTIAN EMBASSY PURPOSE: GENERAL FUND | $1,000 |
CAMPUS CRUSADE FOR CHRIST - EVERYSTUDENTCOM PURPOSE: GENERAL FUND | $3,000 |
CAMPUS CRUSADE FOR CHRIST - NAMESTAN PURPOSE: GENERAL FUND | $10,000 |
CAMPUS CRUSADE FOR CHRIST - HERE'S LIFE JAX PURPOSE: GENERAL FUND | $2,000 |