Robert And Patricia Ludlow Family Foundation
- Assets
- $737.2k
- Revenue
- -$81.4k
- Investments
- $707.0k
- Employees
- 0
- Location
- Worthington, MN
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 41-1632656
Organization Overview
Robert And Patricia Ludlow Family Foundation is located in Worthington, MN. The organization was established in 1989. 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. Robert And Patricia Ludlow Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Robert And Patricia Ludlow Family Foundation has awarded 78 individual grants totaling $188,100. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$101,382 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$81,425 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $388 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $413 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $30,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,152 |
| Savings and temporary cash investments | $998 |
| 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 | $707,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $737,150 |
| 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, Robert And Patricia Ludlow Family Foundation has awarded $30,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $1,000 |
BYRON BIBLE CAMP PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $1,000 |
CLIENT COMMUNITY SERVICES PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $1,000 |
LOVE INC OF WORTHINGTON PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $10,000 |
NAVIGATORS PURPOSE: SUPPORT OF CHARITABLE ACITIVITES | $5,000 |
PRISON FELLOWSHIP PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $1,000 |