L F & C Foundation is located in Dallas, TX. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. L F & C 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 12/2023, L F & C Foundation generated $141.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 69.0% each year . All expenses for the organization totaled $202.4k during the year ending 12/2023. While expenses have increased by 58.7% 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 2019, L F & C Foundation has awarded 19 individual grants totaling $411,250. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia H Totten President | 1 | $0 | |
Louise T Knabe Vice President | 1 | $0 | |
Fitz R Totten VP & Secretary | 1 | $0 | |
Caroline T Gary Vice President | 1 | $0 | |
Bank Of America Agent For Fiduciary | 1 | $14,744 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $62,510 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $78,649 |
Capital Gain Net Income | $78,649 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $141,159 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $14,744 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $878 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $3 |
Total operating and administrative expenses | $16,875 |
Contributions, gifts, grants paid | $185,500 |
Total expenses and disbursements | $202,375 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $82,111 |
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 | $1,850,295 |
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 |
Over the last fiscal year, L F & C Foundation has awarded $185,500 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
CHESAPEAKE BAY FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $50,000 |
UPRVA PURPOSE: UNRESTRICTED GENERAL | $50,000 |
GRACE & HOLY TRINITY CHURCH PURPOSE: CHOIR FUND $4000 & | $23,000 |
BETTER HOUSING COALITION PURPOSE: UNRESTRICTED GENERAL | $12,500 |
YMCA OF GREATER RICHMOND PURPOSE: UNRESTRICTED GENERAL | $50,000 |