Lucy Foundation Inc
- Assets
- $931.0k
- Revenue
- $36.4k
- Investments
- $810.6k
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 10/1986
- Data as of
- 12/2022
- EIN
- 22-2737472
Organization Overview
Lucy Foundation Inc is located in Madison, NJ. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lucy 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 12/2022, Lucy Foundation Inc generated $36.4k 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 (14.7%) each year. All expenses for the organization totaled $78.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lucy Foundation Inc has awarded 57 individual grants totaling $192,882. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eldon Scott President | 1 | $0 | |
Lucy E Scott Vice Pres/secretary | 1 | $0 | |
Alexandra Scott Trasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,477 |
| Dividends & Interest | $21,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,420 |
| Capital Gain Net Income | $11,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,421 |
| 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 | $11,694 |
| Total operating and administrative expenses | $11,994 |
| Contributions, gifts, grants paid | $66,882 |
| Total expenses and disbursements | $78,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,161 |
| Savings and temporary cash investments | $81,177 |
| 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 | $930,972 |
| 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, Lucy Foundation Inc has awarded $66,882 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
THRESHOLD COMMUNITY PROGRAM PURPOSE: GENERAL SUPPORT | $1,000 |
ST PAUL'S SCHOOL PURPOSE: GENERAL SUPPORT | $13,882 |
YALE NEW HAVEN HOSPITAL PURPOSE: GENERAL SUPPORT | $3,500 |
E C SCRANTON MEMORIAL LIBRARY PURPOSE: GENERAL SUPPORT | $5,000 |
THE COUNTRY SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
THE MADISON FOUNDATION PURPOSE: GENERAL SUPPORT | $4,000 |