Lacy Foundation
- Assets
- $2.2m
- Revenue
- $384.8k
- Investments
- $2.1m
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 05/1981
- Data as of
- 08/2022
- EIN
- 52-1205924
Organization Overview
Lacy Foundation is located in Martinsville, VA. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lacy 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 08/2022, Lacy Foundation generated $384.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $187.0k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lacy Foundation has awarded 45 individual grants totaling $687,600. 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 |
|---|---|---|---|
Richard W Critz Secretary | 0.2 | $0 | |
Frank Lacy Jr President | 0.2 | $0 | |
Frank M James III Treasurer | 0.2 | $0 | |
Edward S Lacy Director | 0.05 | $0 | |
Lacy James Director | 0.05 | $0 | |
Brent M Lacy Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336,503 |
| Capital Gain Net Income | $336,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $384,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $4,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124 |
| Total operating and administrative expenses | $26,992 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $186,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,285 |
| 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 | $2,101,860 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,237,145 |
| 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, Lacy Foundation has awarded $160,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MEALS ON WHEELS PURPOSE: PROMOTING HEALTH AND WELL BEING OF SENIOR CITIZENS BY DELIVERING FOOD TO THEIR HOMES | $30,000 |
Martinsville, VA PURPOSE: TO PROVIDE ASSISTANCE TO NEEDY STUDENTS | $20,000 |
BREAKTHROUGH MANCHESTER PURPOSE: STUDENTS TEACHING STUDENTS PROGRAM DESIGNED TO CLOSE THE EDUCATIONAL OPPORTUNITY GAP | $20,000 |
Martinsville, VA PURPOSE: HELPING STRUGGLING FAMILIES TO MEET VARIOUS NEEDS | $20,000 |
CRISIS CONTROL MINISTRY PURPOSE: TO PROVIDE ASSISTANCE TO INDIGENT FAMILIES | $20,000 |
UNITED WAY OF MARTINSVILLEHENRY COUNTY (HOPE & SMART BEGINNNINGS) PURPOSE: TO PROVIDE ASSISTANCE TO THE COMMUNITY | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |