Monford D And Lucy L Custer Foundation
- Assets
- $1.6m
- Revenue
- $107.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Winchester, VA
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 54-1839172
Organization Overview
Monford D And Lucy L Custer Foundation is located in Winchester, VA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Monford D And Lucy L Custer 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, Monford D And Lucy L Custer Foundation generated $107.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $125.2k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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 2015, Monford D And Lucy L Custer Foundation has awarded 45 individual grants totaling $609,500. 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 |
|---|---|---|---|
Linda C Russell Pres/sec/dir | 1 | $0 | |
Monford D Custer III Vp/treas/dir | 1 | $0 | |
Ellen C Morgan Vp/director | 1 | $0 | |
Dr Hf Sanders Vp/director | 1 | $0 | |
Mr H F Sanders III Director | 1 | $0 | |
Mary R Clemons Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,254 |
| Dividends & Interest | $64,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,293 |
| Capital Gain Net Income | $40,293 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,488 |
| Printing and publications | $0 |
| Other expenses | $332 |
| Total operating and administrative expenses | $28,180 |
| Contributions, gifts, grants paid | $97,000 |
| Total expenses and disbursements | $125,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,717 |
| 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 | $812,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,601,369 |
| 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, Monford D And Lucy L Custer Foundation has awarded $97,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA'S SECOND HARVEST OF COASTAL GEORGIA PURPOSE: GENERAL SUPPORT | $20,000 |
BOYS & GIRLS CLUB OF SANTA CLARA VALLEY PURPOSE: GENERAL SUPPORT | $10,000 |
LAUREL CENTER PURPOSE: GENERAL SUPPORT | $15,000 |
MATTHEW REARDON CENTER FOR AUTISM PURPOSE: GENERAL SUPPORT | $15,000 |
MARBRIDGE HOME PURPOSE: GENERAL SUPPORT | $17,000 |
REPAIR THE WORLD ATLANTA PURPOSE: GENERAL SUPPORT | $5,000 |