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 12/2022, Richard Hill Lambertsen Foundation generated $130.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $411.0 during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND ORGANIZATION OF RELEVANT TECHNICAL INFORMATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sharon M Hommer-Drummond PHD Director | 0.5 | $0 | |
Raymond J Hintz PHD VP Director | 0.5 | $0 | |
Richard H Lambertsen PHD Vmd President Sectreas | 4 | $0 | |
Robert A Schaper Vmd Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $30 |
Dividends & Interest | $89 |
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 | $11 |
Total Revenue | $130 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $187 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $224 |
Total operating and administrative expenses | $411 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $411 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $664 |
Savings and temporary cash investments | $17,517 |
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 | $38,452 |
Accounts payable and accrued expenses | $149 |
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 | $149 |
Over the last fiscal year, Richard Hill Lambertsen Foundation has awarded $4,900 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
AMERICAN VETERINARY MEDICAL FOUNDATION PURPOSE: TO ADVANCE THE BROAD MISSION OF VETERINARY MEDICINE. | $2,900 |
Washington, DC PURPOSE: PROTECTS AND RESTORES OUR NATION'S FISH, WILDLIFE, PLANTS AND HABITATS FOR CURRENT AND FUTURE GENERATIONS. | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $18,108,646 | $4,188,957 |
Ys Kim Foundation Inc St Thomas, VI | $44,300 | $890,503 |
Prior Family Foundation St Thomas, VI | $9,377,478 | $259,099 |
Leaders Branch St Thomas, VI | $55,854 | $55,052 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,452 | $130 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |