Lucy E Holcombe Charitable Foundation
- Assets
- $3.9m
- Revenue
- $80.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Warren, RI
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-4796428
Organization Overview
Lucy E Holcombe Charitable Foundation is located in Warren, RI. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lucy E Holcombe Charitable 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, Lucy E Holcombe Charitable Foundation generated $80.3k 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 (21.1%) each year. All expenses for the organization totaled $284.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lucy E Holcombe Charitable Foundation has awarded 45 individual grants totaling $1,913,615. 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 Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy K Hinman Co-Trustee | 1 | $0 | |
Douglas E Hinman Co-Trustee | 0.5 | $0 | |
Shepherd M Holcombe Jr Co-Trustee | 1 | $0 | |
Elizabeth S Holcombe Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,895 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37 |
| Total Revenue | $80,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $701 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $4,601 |
| Contributions, gifts, grants paid | $280,065 |
| Total expenses and disbursements | $284,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623 |
| Savings and temporary cash investments | $27,563 |
| 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 | $3,883,761 |
| 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, Lucy E Holcombe Charitable Foundation has awarded $280,065 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST CHURCH OF CHRIST PURPOSE: REPAIR STEPS& COLUMNS | $50,000 |
ST MATTHEWS CHURCH PURPOSE: STEEPLEREPAIR | $10,000 |
COPPER CANNON CAMP PURPOSE: IMPROVEMENTS& REPAIRS | $60,000 |
HARTFORD PROMISE PURPOSE: SCHOLARSHIPS | $75,000 |
GALE RIVER COOPERATIVE PRESCHOOL PURPOSE: SCHOLARSHIPS,CLOTHING &EQUIPMENT | $20,000 |
FARM FRESH RI HOPE'S HARVEST PURPOSE: INSURANCE COSTS | $65,065 |