Lillian L Colby Charitable Foundation
- Assets
- $9.2m
- Revenue
- $953.6k
- Investments
- $9.2m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 05/2012
- Data as of
- 12/2021
- 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 12/2021, Lillian L Colby Charitable Foundation generated $953.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $507.5k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 4 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 35 individual grants totaling $810,000. 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.
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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 | |
Betteyelynn Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $210,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $743,512 |
| Capital Gain Net Income | $743,512 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $953,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,176 |
| Total operating and administrative expenses | $87,530 |
| Contributions, gifts, grants paid | $420,000 |
| Total expenses and disbursements | $507,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,997 |
| 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 | $8,309,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,238,024 |
| 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 $420,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CHATTANOOGA SYMPHONY & OPERA PURPOSE: GENERAL | $63,000 |
HAMILTON COUNTY SCHOOLS FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
ARTSBUILD PURPOSE: GENERAL OPERATING | $25,000 |
Chattanooga, TN PURPOSE: GENERAL | $25,000 |
URBAN LEAGUE OF GREATER CHATTANOOGA PURPOSE: GENERAL | $25,000 |
BOYS & GIRLS CLUBS OF CHATTANOOGA PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
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 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
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 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |