Lgso Foundation Inc
- Assets
- $0.0
- Revenue
- $6.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-2495316
Organization Overview
Lgso Foundation Inc is located in Midland, TX. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lgso 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 12/2021, Lgso Foundation Inc generated $6.9k 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 (20.9%) each year. All expenses for the organization totaled $10.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lgso Foundation Inc has awarded 39 individual grants totaling $210,489. 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 |
|---|---|---|---|
Brad Brock President | 0 | $0 | |
Cynthia Brock Vice President | 0 | $0 | |
Bob Statton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $6,900 |
| 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 | $16 |
| Total operating and administrative expenses | $156 |
| Contributions, gifts, grants paid | $10,578 |
| Total expenses and disbursements | $10,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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, Lgso Foundation Inc has awarded $55,376 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH PURPOSE: GENERAL FUND | $7,838 |
KWO MINISTRIES PURPOSE: GENERAL PURPOSES | $2,200 |
CHRISTMAS IN ACTION PURPOSE: GENERAL PURPOSE | $1,000 |
VARIOUS PURPOSE: GENERAL PURPOSES | $4,150 |
MIDLAND MEMORIAL FOUNDATION PURPOSE: GENERAL PURPOSE | $10,500 |
FIRST BAPTIST CHURCH PURPOSE: GENERAL FUND | $7,838 |