Lincoln Electric Foundation Tr
- Assets
- $2.2m
- Revenue
- $3.4m
- Investments
- $233.1k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 12/1953
- Data as of
- 12/2021
- EIN
- 34-6518355
Organization Overview
Lincoln Electric Foundation Tr is located in Brooklyn, OH. The organization was established in 1953. 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. Lincoln Electric Foundation Tr 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, Lincoln Electric Foundation Tr generated $3.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lincoln Electric Foundation Tr has awarded 156 individual grants totaling $2,301,939. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,410,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25 |
| Capital Gain Net Income | $25 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,411,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,444 |
| 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 | $5 |
| Total operating and administrative expenses | $6,449 |
| Contributions, gifts, grants paid | $3,601,750 |
| Total expenses and disbursements | $3,608,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,957,771 |
| 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 | $233,063 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,190,834 |
| 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, Lincoln Electric Foundation Tr has awarded $1,161,000 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: NON RESTRICTED OPERATING | $175,000 |
CLEVELAND FOOD BANK PURPOSE: NON RESTRICTED OPERATING | $60,000 |
Alexandria, VA PURPOSE: NON RESTRICTED OPERATING | $59,846 |
CLEVELAND CLINIC FOUNDATION PURPOSE: NON RESTRICTED OPERATING | $50,000 |
LINCOLN INSTITUTE OF LAND POLICY PURPOSE: FOR EXEMPT PURPOSE OF | $50,000 |
UNIVERSITY HOSPITALS PURPOSE: NON RESTRICTED OPERATING | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI | $111,040,892 | $8,504,096 |