Lucas Foundation For Better Living
- Assets
- $7.6k
- Revenue
- $35.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, MS
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-5163680
Organization Overview
Lucas Foundation For Better Living is located in Madison, MS. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lucas Foundation For Better Living 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, Lucas Foundation For Better Living generated $35.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $35.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lucas Foundation For Better Living has awarded 68 individual grants totaling $283,100. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip H Lucas President | 2 | $0 | |
Macy Richardson Secretary | 1 | $0 | |
Molly Richardson Historian | 1 | $0 | |
Carter Bearman Treasurer | 1 | $0 | |
Logan Scott Vice-President | 1 | $0 | |
Caleb Bearman Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $35,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $333 |
| Total operating and administrative expenses | $333 |
| Contributions, gifts, grants paid | $35,600 |
| Total expenses and disbursements | $35,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,621 |
| Savings and temporary cash investments | $0 |
| 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 | $7,621 |
| 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, Lucas Foundation For Better Living has awarded $35,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL EMPOWERMENT MISSION PURPOSE: TO FURTHER THE TAX EXEMPT FUNCTION OF THE ORGANIZATION. | $2,400 |
MISSISSIPPI FOOD NETWORK PURPOSE: TO FURTHER THE TAX EXEMPT FUNCTION OF THE ORGANIZATION. | $9,900 |
FAITH HOME PURPOSE: TO FURTHER THE TAX EXEMPT FUNCTION OF THE ORGANIZATION. | $2,500 |
HABITAT FOR HUMANITY PURPOSE: TO FURTHER THE TAX EXEMPT FUNCTION OF THE ORGANIZATION. | $2,500 |
MAUI FOOD BANK PURPOSE: TO FURTHER THE TAX EXEMPT FUNCTION OF THE ORGANIZATION. | $2,500 |
MOUNTAIN MIRACLE LEAGUE PURPOSE: TO FURTHER THE TAX EXEMPT FUNCTION OF THE ORGANIZATION. | $1,000 |