Richard Hill Lambertsen Foundation
- Assets
- $38.6k
- Revenue
- $567.0
- Investments
- $23.9k
- Employees
- 0
- Location
- Christiansted, VI
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 46-4480234
Organization Overview
Richard Hill Lambertsen Foundation is located in Christiansted, VI. The organization was established in 2017. 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. Richard Hill Lambertsen 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, Richard Hill Lambertsen Foundation generated $567.0 in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $296.0 during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND MAINTENANCE OF RELEVANT TECHNICAL INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard H Lambertsen PHD Vmd President Sectreas | 1 | $0 | |
Raymond J Hintz PHD VP Director | 0.2 | $0 | |
Robert A Schaper Vmd Director | 0.2 | $0 | |
Sharon M Hommer-Drummond PHD Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $41 |
| Dividends & Interest | $422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4 |
| Total Revenue | $567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $292 |
| Total operating and administrative expenses | $296 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,686 |
| 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 | $38,575 |
| Accounts payable and accrued expenses | $201 |
| 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 | $201 |
Grants Awarded
Over the last fiscal year, Richard Hill Lambertsen Foundation has awarded $4,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL FISH AND WILDLIFE FOUNDATION PURPOSE: PROTECTS AND RESTORES OUR NATION'S FISH, WILDLIFE, PLANTS AND HABITATS FOR CURRENT AND FUTURE GENERATIONS. | $2,000 |
AMERICAN VETERINARY MEDICAL FOUNDATION PURPOSE: TO ADVANCE THE BROAD MISSION OF VETERINARY MEDICINE. | $2,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $14,923,448 | $4,268,383 |
Ys Kim Foundation Inc St Thomas, VI | $66,964 | $1,738,105 |
Prior Family Foundation St Thomas, VI | $10,395,201 | $1,045,387 |
Leaders Branch St Thomas, VI | $105,438 | $60,594 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,575 | $567 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |