Lute Family Foundation Inc
- Assets
- $906.0k
- Revenue
- $82.8k
- Investments
- $786.8k
- Employees
- 0
- Location
- Ogallala, NE
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 47-0785813
Organization Overview
Lute Family Foundation Inc is located in Ogallala, NE. The organization was established in 2002. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lute Family Foundation Inc 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, Lute Family Foundation Inc generated $82.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $266.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lute Family Foundation Inc has awarded 67 individual grants totaling $1,217,174. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Bourque Director/man | 15 | $0 | |
James Korth Director | 1 | $0 | |
Kathy Lute Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,586 |
| Interest on Savings | $183 |
| Dividends & Interest | $36,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,678 |
| Capital Gain Net Income | $28,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,319 |
| Depreciation | $29,003 |
| Occupancy | $26,652 |
| Travel, conferences, and meetings | $795 |
| Printing and publications | $787 |
| Other expenses | $0 |
| Total operating and administrative expenses | $86,556 |
| Contributions, gifts, grants paid | $179,548 |
| Total expenses and disbursements | $266,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,058 |
| 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 | $24,616 |
| Net Land, buildings, and equipment | $56,036 |
| Other assets | $7,099 |
| Total assets | $906,031 |
| 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, Lute Family Foundation Inc has awarded $179,548 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, NE PURPOSE: PROVIDE FUNDS FOR LIBRARY | $100,000 |
CITY OF OGALLALA PURPOSE: PROVIDE FUNDS FOR LOCAL FIRE DEPT | $72,946 |
Ogallala, NE PURPOSE: PROVIDE FOOD FOR LOCAL FOOD PANTRY | $2,802 |
North Platte, NE PURPOSE: PROVIDE FUNDS FOR COMMUNITY SUPPORT | $2,800 |
Ogallala, NE PURPOSE: PROVIDE FUNDS FOR COMMUNITY SUPPORT | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lute Family Foundation Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Heartland Philanthropy Inc Ogallala, NE PURPOSE: TO HELP WITH CHARITABLE PURPOSES | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Soccer Coaches Association Kansas City, MO | $4,636,300 | $5,313,564 |
United States Hang Gliding And Paragliding Association Colorado Springs, CO | $2,767,707 | $1,901,590 |
Southeast Iowa Regional Riverboat Commission Burlington, IA | $1,006 | $1,423,329 |
Premier Basketball Club Centennial, CO | $161,171 | $1,314,402 |
Relentless Volleyball Club Inc Aurora, CO | $250,213 | $1,096,490 |
Americas Agricultural Industrial Heritage Landscape Inc Waterloo, IA | $639,960 | $847,872 |
Ahrens Park Foundation Grinnell, IA | $5,714,347 | $745,032 |
Sanford Center Sioux City, IA | $728,408 | $675,442 |
Bike Walk Nebraska Omaha, NE | $389,710 | $260,678 |
Storybook Island Inc Rapid City, SD | $1,984,013 | $924,988 |
Mountain Air Ranch Corporation Littleton, CO | $675,940 | $566,569 |
National Balloon Classic Ltd Indianola, IA | $736,805 | $570,202 |