Bruce Lindorf Memorial Foundation
- Assets
- $5.8m
- Revenue
- $5.6k
- Investments
- $5.0m
- Employees
- 0
- Location
- Orem, UT
- Founding
- 06/1970
- Data as of
- 12/2023
- EIN
- 23-7061702
Organization Overview
Bruce Lindorf Memorial Foundation is located in Orem, UT. The organization was established in 1970. 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. Bruce Lindorf Memorial Foundation 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, Bruce Lindorf Memorial Foundation generated $5.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $2.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (46.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bruce Lindorf Memorial Foundation has awarded 84 individual grants totaling $1,760,513. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,978 |
| Dividends & Interest | $303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$723 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,346 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64 |
| Total operating and administrative expenses | $2,007 |
| Contributions, gifts, grants paid | $151 |
| Total expenses and disbursements | $2,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,018 |
| Savings and temporary cash investments | $766,747 |
| 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 | $1,013,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,332 |
| Total assets | $5,751,051 |
| 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, Bruce Lindorf Memorial Foundation has awarded $333,630 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BYU PROVO PURPOSE: EDUCATION | $78,129 |
BYU IDAHO PURPOSE: EDUCATION | $5,350 |
CHARITY VISION PURPOSE: MEDICAL ASSISTANCE | $26,200 |
FOOD & CARE COALITION PURPOSE: GENERAL SUPPORT | $8,354 |
SAPREA PURPOSE: GENERAL SUPPORT | $10,000 |
LYMEDISEASEORG PURPOSE: GENERAL SUPPORT | $80,010 |