Litchfield Foundation
- Assets
- $1.3m
- Revenue
- $237.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-2488698
Organization Overview
Litchfield Foundation is located in San Rafael, CA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litchfield 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, Litchfield Foundation generated $237.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 60.1% each year .
Since 2018, Litchfield Foundation has awarded 53 individual grants totaling $277,050. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST UNDERSERVED AND/OR DISADVANTAGED PERSONS AND GROUPS THROUGH EDUCATION AND RECREATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO PROGRAM SERVICES PROVIDED YET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Litchfield Board Member | 1 | $0 | |
Charles Litchfield Managing Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $306 |
| Dividends & Interest | $32,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $204,969 |
| Capital Gain Net Income | $204,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $19,206 |
| Contributions, gifts, grants paid | $79,850 |
| Total expenses and disbursements | $99,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,756 |
| Savings and temporary cash investments | $62,955 |
| 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 | $1,360 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $69,004 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,327,659 |
| 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, Litchfield Foundation has awarded $79,850 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
NEW BEGINNINGS LAW CENTER PURPOSE: LEGAL REPRESENTATION FOR LOW-INCOME COMMUNITY | $5,000 |
KID SCOOP NEWS PURPOSE: CREATE KID-FRIENDLY NEWSPAPER TO ENCOURAGE READING | $300 |
ADOPT-A-FAMILY PURPOSE: CHARITY FOR HOMELESS CHILDREN | $2,500 |
CATHOLIC CHARITIES PURPOSE: HUMAN SERVICES CHARITY | $2,500 |
MARIN HISTORY MUSEUM PURPOSE: CELEBRATE THE TRADITIONS OF THE PEOPLE OF MARIN COUNTY, CALIFORNIA | $25,000 |
SAN RAFAEL PUBLIC LIBRARY PURPOSE: BUILD A NEW LIBRARY TO SERVE GENERATIONS TO COME | $10,000 |