Lundy Fetterman Family Foundation Tr Ua 10-16-13
- Assets
- $8.2m
- Revenue
- $1.2m
- Investments
- $8.1m
- Employees
- 0
- Location
- Clinton, NC
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 46-7069542
Organization Overview
Lundy Fetterman Family Foundation Tr Ua 10-16-13 is located in Clinton, NC. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Lundy Fetterman Family Foundation Tr Ua 10-16-13 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, Lundy Fetterman Family Foundation Tr Ua 10-16-13 generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.9% each year . All expenses for the organization totaled $496.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lundy Fetterman Family Foundation Tr Ua 10-16-13 has awarded 77 individual grants totaling $2,181,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUNDY FETTERMAN FAMILY FOUNDATION TRUST DISTRIBUTED $400,000 TO 72 ORGANIZATIONS DURING THE YEAR ENDED 12/31/2021 FOR EDUCATIONAL AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mabel F Held Trustee | 3 | $0 | |
Bradford Kyle Held Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $415,173 |
| Interest on Savings | $3,045 |
| Dividends & Interest | $276,748 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $512,523 |
| Capital Gain Net Income | $512,523 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $291 |
| Total Revenue | $1,207,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,989 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,129 |
| Total operating and administrative expenses | $96,911 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $496,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,654 |
| Savings and temporary cash investments | $96,083 |
| 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 | $2,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,238,810 |
| 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, Lundy Fetterman Family Foundation Tr Ua 10-16-13 has awarded $400,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Buies Creek, NC PURPOSE: EDUCATIONAL | $171,000 |
OTHER GRANTS PAID 5000 EACH PURPOSE: CHARITABLE | $65,300 |
Raleigh, NC PURPOSE: EDUCATIONAL | $53,200 |
MARY BALDWIN UNIVERSITY PURPOSE: EDUCATIONAL | $50,000 |
Arlington, VA PURPOSE: CHARITABLE | $20,000 |
NATIONAL RIGHT TO WORK LEGAL DEFENSE FOUNDATION PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |