Lawrence And Nancy Padfield Foundation
- Assets
- $3.7m
- Revenue
- $229.8k
- Investments
- $3.6m
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-2798913
Organization Overview
Lawrence And Nancy Padfield Foundation is located in The Woodlands, TX. The organization was established in 2011. 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. Lawrence And Nancy Padfield 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 12/2022, Lawrence And Nancy Padfield Foundation generated $229.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $255.8k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lawrence And Nancy Padfield Foundation has awarded 83 individual grants totaling $1,821,700. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence James Padfield President | 3 | $0 | |
Nancy Jean Padfield Vice Pres | 1 | $0 | |
Rae Ann Padfield Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,399 |
| Dividends & Interest | $84,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,109 |
| Capital Gain Net Income | $137,109 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $229,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,853 |
| Total operating and administrative expenses | $49,174 |
| Contributions, gifts, grants paid | $206,600 |
| Total expenses and disbursements | $255,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,788 |
| 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 | $3,678,811 |
| 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, Lawrence And Nancy Padfield Foundation has awarded $206,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ROMO FOUNDATION PURPOSE: CHARITABLE | $15,000 |
SPIRIT GOLF ASSOCIATION PURPOSE: CHARITABLE | $6,600 |
GOLFERS AGAINST CANCER PURPOSE: CHARITABLE | $70,000 |
PENFED FOUNDATION PURPOSE: CHARITABLE | $40,000 |
PEARL FINCHER MUSEUM OF FINE ARTS PURPOSE: CHARITABLE | $10,000 |
MARINE TOYS FOR TOTS FDN PURPOSE: CHARITABLE | $5,000 |