James F Lincoln Arc Welding Foundation
- Assets
- $1.2m
- Revenue
- $355.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1938
- Data as of
- 12/2021
- EIN
- 34-6553433
Organization Overview
James F Lincoln Arc Welding Foundation is located in Cleveland, OH. The organization was established in 1938. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James F Lincoln Arc Welding 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 12/2021, James F Lincoln Arc Welding Foundation generated $355.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $242.2k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE / HIGH SCHOOL AWARDS
2020 ARC WELDING AWARDS
FUTURE FARMERS OF AMERICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Scales Executive Director | 1 | $0 | |
Lou Mendoza Board Member | 1 | $0 | |
Carl Peters Board Member | 1 | $0 | |
Leslie S Brown President | 1 | $0 | |
Lori Hurley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,903 |
| Dividends & Interest | $14 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $353,507 |
| Other Income | $0 |
| Total Revenue | $355,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,310 |
| Printing and publications | $0 |
| Other expenses | $175,153 |
| Total operating and administrative expenses | $180,701 |
| Contributions, gifts, grants paid | $61,508 |
| Total expenses and disbursements | $242,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $923,382 |
| 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 | $277,334 |
| 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 | $1,200,716 |
| 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, James F Lincoln Arc Welding Foundation has awarded $61,508 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE HIGH SCHOOL AWARDS PURPOSE: ADVANCEMENT OF ARC WELDING FIELD THROUGH EDUCATION | $32,353 |
FUTURE FARMERS OF AMERICA PURPOSE: ADVANCEMENT OF ARC WELDING FIELD THROUGH EDUCATION | $17,000 |
2020 ARC WELDING AWARDS PURPOSE: ADVANCEMENT OF ARC WELDING FIELD THROUGH EDUCATION | $12,155 |
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