Lucille And Bruce Lambert Charitable Foundation Inc
- Assets
- $12.7m
- Revenue
- $866.5k
- Investments
- $10.7m
- Employees
- 0
- Location
- Springfield, VA
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 54-1898273
Organization Overview
Lucille And Bruce Lambert Charitable Foundation Inc is located in Springfield, VA. The organization was established in 1998. 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. Lucille And Bruce Lambert Charitable Foundation Inc 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, Lucille And Bruce Lambert Charitable Foundation Inc generated $866.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lucille And Bruce Lambert Charitable Foundation Inc has awarded 97 individual grants totaling $5,591,580. 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 |
|---|---|---|---|
Cynthia Butler Director/ President | 24 | $175,000 | |
George Levendis Director | 8 | $80,000 | |
Anthony D Hulbert Director | 8 | $80,000 | |
Holly Brockman Director | 8 | $80,000 | |
Scott Lambert Director | 8 | $80,000 | |
Roxanna Beach Director | 8 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $4,682 |
| Dividends & Interest | $331,199 |
| Net Rental Income | -$88,126 |
| Net Gain on Sale of Assets | $317,413 |
| Capital Gain Net Income | $317,413 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $866,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $630,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,583 |
| Depreciation | $14,571 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,341 |
| Printing and publications | $0 |
| Other expenses | $275,798 |
| Total operating and administrative expenses | $1,367,600 |
| Contributions, gifts, grants paid | $1,136,580 |
| Total expenses and disbursements | $2,504,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,952 |
| Savings and temporary cash investments | $1,792,707 |
| 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 | $6,300 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,425,737 |
| Net Land, buildings, and equipment | $47,961 |
| Other assets | $0 |
| Total assets | $12,664,946 |
| 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, Lucille And Bruce Lambert Charitable Foundation Inc has awarded $1,136,580 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL UNION RESCUE PURPOSE: OPERATINGEXPENSES | $25,000 |
YOUTH FOR TOMORROW PURPOSE: GENERAL SUPPORT | $329,080 |
SECOND CHANCE ANIMAL RESCUE PURPOSE: GENERAL SUPPORT | $65,000 |
MISSOURI COURAGE SCHOLARSHIP PURPOSE: STUDENTSCHOLARSHIPS | $22,000 |
DOGS & CATS OF THE DOMINICAN REPUBLIC INC PURPOSE: GENERAL EXPENSES | $65,000 |
CAPITOL CITY CINEMA PURPOSE: OPERATINGEXPENSES | $42,000 |