H William Lurton Foundation
- Assets
- $1.3m
- Revenue
- $435.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Long Lake, MN
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 36-3492652
Organization Overview
H William Lurton Foundation is located in Long Lake, MN. The organization was established in 1987. 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. H William Lurton 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, H William Lurton Foundation generated $435.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $50.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, H William Lurton Foundation has awarded 142 individual grants totaling $264,770. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H William Lurton President | 3 | $0 | |
Carrie Lurton Cochran Director | 1 | $0 | |
Jennifer Lurton Keller Director | 1 | $0 | |
Nancy Lurton Erickson Director | 1 | $0 | |
Scott Daniel Lurton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,699 |
| Interest on Savings | $159 |
| Dividends & Interest | $28,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,895 |
| Capital Gain Net Income | $113,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $435,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,665 |
| Total operating and administrative expenses | $10,372 |
| Contributions, gifts, grants paid | $40,100 |
| Total expenses and disbursements | $50,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,072 |
| 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 | $1,309,125 |
| 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, H William Lurton Foundation has awarded $40,100 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTURE CYCLING ASSOCIATION PURPOSE: GENERAL | $750 |
BIRCH GROVE FOUNDATION PURPOSE: GENERAL | $1,000 |
BEACON HAVEN PURPOSE: GENERAL | $2,000 |
BITTY KITTY BRIGADE PURPOSE: GENERAL | $500 |
CM RUSSELL MUSEUM PURPOSE: GENERAL | $1,000 |
CARE PARTNERS OF COOK COUNTY PURPOSE: GENERAL | $1,000 |