Lubrizol Foundation
- Assets
- $2.6m
- Revenue
- $454.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Wickliffe, OH
- Founding
- 04/1953
- Data as of
- 12/2023
- EIN
- 34-6500595
Organization Overview
Lubrizol Foundation is located in Wickliffe, OH. The organization was established in 1953. 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. Lubrizol 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, Lubrizol Foundation generated $454.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.8%) each year. All expenses for the organization totaled $985.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lubrizol Foundation has awarded 35 individual grants totaling $13,348,753. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Grove President | 0 | $0 | |
G Davies Walker Treasurer | 0 | $0 | |
Andrea Vullo Secretary | 0 | $0 | |
Julie A Edgar Trustee | 0 | $0 | |
Girish Rao Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,732 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $356,710 |
| Capital Gain Net Income | $234,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,602 |
| Total Revenue | $454,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,453 |
| Total operating and administrative expenses | $9,194 |
| Contributions, gifts, grants paid | $975,943 |
| Total expenses and disbursements | $985,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,732 |
| 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 | $1,055 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,531,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,648,472 |
| Accounts payable and accrued expenses | $20,000 |
| Grants payable | $998,242 |
| 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 | $1,018,242 |
Grants Awarded
Over the last fiscal year, Lubrizol Foundation has awarded $1,972,685 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AVAILABLE UPON REQUEST PURPOSE: EDUCATION | $10,500 |
AVAILABLE UPON REQUEST PURPOSE: HEALTH HUMAN SERVICES | $246,860 |
AVAILABLE UPON REQUEST PURPOSE: ENVIRONMENTAL | $112,500 |
AVAILABLE UPON REQUEST PURPOSE: DISCRETIONARY | $224,343 |
AVAILABLE UPON REQUEST PURPOSE: COMMUNITY CONNECTION | $15,500 |
AVAILABLE UPON REQUEST PURPOSE: MATCHING GIFTS | $366,240 |