James W Lundberg Philanthropic Trust
- Assets
- $2.5m
- Revenue
- $151.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 07/1998
- Data as of
- 12/2023
- 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 12/2023, James W Lundberg Philanthropic Trust generated $151.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $137.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, James W Lundberg Philanthropic Trust has awarded 63 individual grants totaling $323,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Marilyn K Waits Trustee | 3 | $10,000 | |
G Timothy Leighton Co-Trustee | 5 | $16,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,142 |
| Dividends & Interest | $75,471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,043 |
| Capital Gain Net Income | $78,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,156 |
| Total Revenue | $151,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,203 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $35 |
| Taxes | $2,071 |
| Depreciation | $0 |
| Occupancy | $1,624 |
| Travel, conferences, and meetings | $12,216 |
| Printing and publications | $473 |
| Other expenses | $0 |
| Total operating and administrative expenses | $91,286 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $137,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,354 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,510,126 |
| 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 $46,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JIMMY CARTER CENTER PURPOSE: SUPPORT QUALIFIED PROGRAMS | $3,000 |
EQUAL JUSTICE INSTITUTE PURPOSE: SUPPORT QUALIFIED PROGRAMS | $8,000 |
HABITAT FOR HUMANITY MCLEAN COUNTY PURPOSE: SUPPORT QUALIFIED PROGRAMS | $1,000 |
INNOCENCE PROJECT PURPOSE: SUPPORT QUALIFIED PROGRAMS | $5,000 |
NATIONAL CENTER FOR TRANSGENDER EQUALITY PURPOSE: SUPPORT QUALIFIED PROGRAMS | $12,000 |
NATIONAL COALITION AGAINST CENSORSHIP PURPOSE: SUPPORT QUALIFIED PROGRAMS | $5,000 |