Maverick Lloyd Foundation
- Assets
- $7.1m
- Revenue
- $1.5m
- Investments
- $6.7m
- Employees
- 0
- Location
- Sharon, VT
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 36-7093389
Organization Overview
Maverick Lloyd Foundation is located in Sharon, VT. The organization was established in 1995. 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. Maverick Lloyd 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, Maverick Lloyd Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $568.5k during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 5 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 2020, Maverick Lloyd Foundation has awarded 45 individual grants totaling $1,693,000. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Berndt Trustee | 1 | $0 | |
Lorna Adley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,554 |
| Dividends & Interest | $214,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,267,825 |
| Capital Gain Net Income | $1,267,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,484 |
| Total Revenue | $1,541,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $58,530 |
| Taxes | $979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $70 |
| Printing and publications | $0 |
| Other expenses | $47,117 |
| Total operating and administrative expenses | $127,951 |
| Contributions, gifts, grants paid | $440,500 |
| Total expenses and disbursements | $568,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $421,512 |
| 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 | $679,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,113,239 |
| 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 | $1,077,919 |
| Other liabilities | $0 |
| Total liabilities | $1,077,919 |
Grants Awarded
Over the last fiscal year, Maverick Lloyd Foundation has awarded $440,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BALE (BUILDING A LOCAL ECONOMY) PURPOSE: UNRESTRICTED GRANT TOWARDS WORK BUILDING RESILIENT COMMUNITIES. | $1,000 |
CAMBRIDGE SCHOOL OF WESTON PURPOSE: RESTRICTED GRANT FOR SUPPORT OF CSW'S MISSION AND TO CREATE A VITAL SPEAKER PROGRAM INCORPORATING ISSUES OF SOCIAL JUSTICE, POLITICAL ENGAGEMENT AND ENVIRONMENTAL SUSTAINABILITY. | $10,000 |
ENERGY ACTION NETWORK PURPOSE: SUPPORT FOR ON-GOING IMPLEMENTATION WORK, CAPACITY BUILDING, AND GENERAL OPERATIONS, IN SUPPORT OF THE GOAL OF TRANSFORMING VERMONT'S ENERGY SYSTEM TO ONE BASED ON EFFICIENCY AND RENEWABLES. EAN'S GOAL IS TO ENSURE THAT 80% OF VERMONT'S 2030 ENERGY NEEDS COME FROM RENEWABLE ENERGY AND INCREASED EFFICIENCY. | $150,000 |
SEVEN STARS ARTS CENTER (FORMALLY VERMONT INDEPENDENT SCHOOL OF THE ARTS PURPOSE: UNRESTRICTED GRANT FOR GENERAL OPERATIONS IN SUPPORT OF THE MISSION OF VISA. | $1,000 |
SHARON FOOD SHELF PURPOSE: UNRESTRICTED FUNDING FOR SUPPORT OF INITIATIVES TO PROVIDE FOOD FOR LOCAL MEMBERS OF THE SHARON COMMUNITY. | $1,000 |
THE SHARON ACADEMY PURPOSE: UNRESTRICTED GRANT FOR GENERAL OPERATIONS IN SUPPORT OF TSA'S MISSION. | $2,500 |