Lothropp Family Foundation Inc
- Assets
- $182.3k
- Revenue
- $21.7k
- Investments
- $166.4k
- Employees
- 0
- Location
- Barnstable, MA
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 38-2904056
Organization Overview
Lothropp Family Foundation Inc is located in Barnstable, MA. The organization was established in 1993. 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. Lothropp Family Foundation Inc 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, Lothropp Family Foundation Inc generated $21.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $8.7k during the year ending 12/2021. 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
LOTHROPP FAMILY FOUNDATION SUPPORTED THE PRESERVATION AND MOMORIALIZING OF THE HISTORIC EVENTS IN THE LIVES OF REVERENDS JOHN AND MARK LOTHROPP, IN ADDITION TO THEIR DESCENDANTS AND HOLD A BIANNUAL CONVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lathrop Treasurer | 0 | $0 | |
Pamela Friedman Secretary | 0 | $0 | |
Deborah Baker President | 0 | $0 | |
Benjamin Baker Vice Preside | 0 | $0 | |
Gordon Lothrop Director | 0 | $0 | |
David Lothrop Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,990 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,425 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $161 |
| Other Income | $2,700 |
| Total Revenue | $21,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $876 |
| Total operating and administrative expenses | $5,239 |
| Contributions, gifts, grants paid | $3,500 |
| Total expenses and disbursements | $8,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,050 |
| Savings and temporary cash investments | $10,315 |
| 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 | $3,602 |
| 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 | $182,337 |
| 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, Lothropp Family Foundation Inc has awarded $3,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONGRESSIONAL LIBRARY AND ARCHIVE PURPOSE: HISTORICAL RELATIONSHIP | $500 |
SYLVANIA HISTORICAL VILLAGE PURPOSE: HISTORICAL RESEARCH | $500 |
GENERAL SOCIETY OF MAYFLOWER DESCEN PURPOSE: HISTORICAL RESEARCH | $500 |
1717 MEETING HOUSE FOUNDATION PURPOSE: HISTORICAL RESEARCH | $500 |
STURGIS LIBRARY PURPOSE: HISTORICAL RESEARCH | $1,000 |
BARNSTABLE HISTORICAL SOCIETY PURPOSE: HISTORICAL RESEARCH | $500 |