Lithuanian Foundation
- Assets
- $47.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Lemont, IL
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 36-6118312
Organization Overview
Lithuanian Foundation is located in Lemont, IL. The organization was established in 1964. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Lithuanian Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lithuanian 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, Lithuanian Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 7 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 2016, Lithuanian Foundation has awarded 118 individual grants totaling $4,380,473. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING LITHUANIAN CULTURAL AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED TO SUPPORT AND PROMOTE EFFORTS FOR RESEARCH OF LITHUANIAN AMERICAN HERITAGE ESPECIALLY LITHUANIAN LANGUAGE AND CULTURE INCLUDING GRANTS TO UNIVERSITY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tauras Bublys Chairman | OfficerTrustee | 10 | $0 |
Audrone Pavilcius Karalius President | OfficerTrustee | 10 | $0 |
Loreta Sadauskas Officer | OfficerTrustee | 5 | $0 |
Saulius Cyvas Director | Trustee | 5 | $0 |
Milda Davis Officer | OfficerTrustee | 5 | $0 |
Jonas Howes Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,344,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,344,903 |
| Total Program Service Revenue | $0 |
| Investment income | $1,317,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $205,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,868,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,066,804 |
| Grants and other assistance to domestic individuals. | $350,035 |
| Grants and other assistance to Foreign Orgs/Individuals | $155,415 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,116 |
| Compensation of current officers, directors, key employees. | $8,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,869 |
| Pension plan accruals and contributions | $5,066 |
| Other employee benefits | $0 |
| Payroll taxes | $12,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,854 |
| Fees for services: Other | $26,348 |
| Advertising and promotion | $37,150 |
| Office expenses | $12,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,237 |
| Travel | $5,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,387 |
| Insurance | $11,265 |
| All other expenses | $0 |
| Total functional expenses | $2,070,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,082 |
| Savings and temporary cash investments | $190,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $873,699 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,572 |
| Net Land, buildings, and equipment | $87,056 |
| Investments—publicly traded securities | $45,599,281 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $47,203,590 |
| Accounts payable and accrued expenses | $23,820 |
| Grants payable | $1,483,567 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,507,387 |
| Net assets without donor restrictions | $14,307,496 |
| Net assets with donor restrictions | $31,388,707 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,203,590 |
Grants Awarded
Over the last fiscal year, Lithuanian Foundation has awarded $1,033,383 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
LITHUANIAN AMERICAN COMMUNITY (CULTURAL COUNCIL) PURPOSE: LAC CHAPTER EVENTS & OTHER CULTURAL PROJECTS | $158,150 |
LITHUANIAN EDUCATIONAL COUNCIL OF THE USA PURPOSE: SUPPORT TO THE LITHUANIAN HERITAGE SCHOOLS | $196,950 |
LITHUANIAN AMERICAN COMMUNITY (NATIONAL EXEC COMMITTEE) PURPOSE: STUDENT INTERNSHIP PROGRAM, ADMINISTRATIVE SUPPORT, PUBLICATIONS, CHAPTER EVENTS | $185,163 |
LAC SOCIAL AFFAIRS COUNCIL PURPOSE: SUPPORT SENIOR CITIZENS CENTER, PUBLICATIONS | $17,000 |
LITHUANIAN WORLD COMMUNITY PURPOSE: LWC OFFICE SUPPORT, PUBLICATIONS, WEBSITE SUPPORT | $51,170 |
LITHUANIAN-AMERICAN NEWSPAPER DRAUGAS PURPOSE: NEWSPAPER PUBLISHING | $40,000 |