James W Lundberg Philanthropic Trust
- Assets
- $2.4m
- Revenue
- $160.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 52-6798969
Organization Overview
James W Lundberg Philanthropic Trust is located in Bloomington, IL. The organization was established in 1998. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James W Lundberg Philanthropic Trust 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, James W Lundberg Philanthropic Trust generated $160.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $163.0k during the year ending 12/2021. While expenses have increased by 23.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, James W Lundberg Philanthropic Trust has awarded 49 individual grants totaling $229,000. 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 |
|---|---|---|---|
G Timothy Leighton Co-Trustee | 4 | $24,787 | |
Marilyn K Waits Trustee | 4 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,542 |
| Dividends & Interest | $79,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,772 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,905 |
| Total Revenue | $160,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,787 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,142 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $73,991 |
| Contributions, gifts, grants paid | $89,000 |
| Total expenses and disbursements | $162,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,094 |
| 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 | $2,396,517 |
| 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, James W Lundberg Philanthropic Trust has awarded $89,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT QUALIFIED PROGRAM | $10,000 |
Washington, DC PURPOSE: SUPPORT QUALIFIED PROGRAM | $10,000 |
EQUAL JUSTICE INSTITUTE PURPOSE: SUPPORT QUALIFIED PROGRAM | $10,000 |
EQUAL JUSTICE INSTITUTE PURPOSE: SUPPORT QUALIFIED PROGRAM | $7,000 |
Washington, DC PURPOSE: SUPPORT QUALIFIED PROGRAM | $7,000 |
New York, NY PURPOSE: SUPPORT QUALIFIED PROGRAM | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |