Patricia A & William E Lamothe Foundation
- Assets
- $5.4m
- Revenue
- $5.3m
- Investments
- $3.9m
- Employees
- 0
- Location
- Ave Maria, FL
- Founding
- 12/1987
- Data as of
- 12/2021
- EIN
- 38-6517929
The information for Patricia A & William E Lamothe Foundation is as of the organization's most recent filing in December '21. This organization is located in Ave Maria, FL. It has been in existence for 34 years, following its founding in 1987.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Patricia A & William E Lamothe Foundation is a Private Grantmaking Foundation classified under the NTEE code T20. As a philanthropic organization, it falls under the major classification of Philanthropy, Voluntarism & Grantmaking Foundations. The foundation is a nongovernmental, nonprofit organization with funds and programs managed by its own trustees or directors. Its primary purpose is to maintain or aid social, educational, religious, or other charitable activities serving the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney Mcmanus Pres./tte | 0 | $32,500 | |
Linda Tsoumas Sec/treas/tt | 0 | $16,000 | |
William E Lamothe Vp/tte | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,026,668 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,099,366 |
| Capital Gain Net Income | $3,099,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,288,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,750 |
| Total operating and administrative expenses | $80,530 |
| Contributions, gifts, grants paid | $508,856 |
| Total expenses and disbursements | $589,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,432,139 |
| 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 | $5,373,834 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |