Lillian L Colby Charitable Foundation
- Assets
- $8.3m
- Revenue
- $455.7k
- Investments
- $7.9m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 05/2012
- Data as of
- 12/2023
- EIN
- 45-4420455
Organization Overview
Lillian L Colby Charitable Foundation is located in Chattanooga, TN. The organization was established in 2012. 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. Lillian L Colby Charitable 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, Lillian L Colby Charitable Foundation generated $455.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $570.9k during the year ending 12/2023. While expenses have increased by 4.3% 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, Lillian L Colby Charitable Foundation has awarded 83 individual grants totaling $1,780,118. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Vaughn Director | 1 | $0 | |
Ryan Crimmins Director | 1 | $0 | |
Jim Vaughn Director | 1 | $0 | |
Dana Perry Director | 1 | $0 | |
Catherine Colby Director | 1 | $0 | |
Clay Crumbliss Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $225,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $229,668 |
| Capital Gain Net Income | $229,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $376 |
| Total Revenue | $455,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $870 |
| Total operating and administrative expenses | $60,893 |
| Contributions, gifts, grants paid | $510,000 |
| Total expenses and disbursements | $570,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $396,058 |
| 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 | $7,538,817 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,322,771 |
| 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, Lillian L Colby Charitable Foundation has awarded $510,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF GREATER PURPOSE: CHARITABLE PURPOSES | $20,000 |
CHATTANOOGA PREP INC PURPOSE: CHARITABLE PURPOSES | $15,000 |
BOYS & GIRLS CLUBS OF CHATTANOOGA PURPOSE: CHARITABLE PURPOSES | $25,000 |
CHATTANOOGA ROOM IN THE INN PURPOSE: CHARITABLE PURPOSES | $25,000 |
CHATTANOOGA SYMPHONY & OPERA PURPOSE: CHARITABLE PURPOSES | $67,500 |
COMMUNITY FOUNDATION OF GC PURPOSE: CHARITABLE PURPOSES | $15,000 |