Lewisburg Foundation Incorporated
- Assets
- $1.2m
- Revenue
- $416.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewisburg, WV
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 55-0586192
Organization Overview
Lewisburg Foundation Incorporated is located in Lewisburg, WV. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lewisburg Foundation Incorporated 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, Lewisburg Foundation Incorporated generated $416.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.0% each year . All expenses for the organization totaled $277.6k during the year ending 12/2023. While expenses have increased by 38.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE ECONOMIC VIABILITY OF DOWNTOWN LEWISBURG, WV BY CREATING AND MAINTAINING BEAUTIFICATION AND CULTURAL OPPORTUNITIES WHICH ATTRACT AND WELCOME BUSINESSES AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ta Galyean President | 2 | $0 | |
Annabelle Galyean Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $384,900 |
| Interest on Savings | $22 |
| Dividends & Interest | $3,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,377 |
| Total Revenue | $416,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $69 |
| Depreciation | $1,576 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,306 |
| Printing and publications | $668 |
| Other expenses | $68,323 |
| Total operating and administrative expenses | $72,552 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $277,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,389 |
| Savings and temporary cash investments | $162,794 |
| 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 | $111,650 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $594,159 |
| Other assets | $114,231 |
| Total assets | $1,191,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $44,695 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $374,872 |
| Other liabilities | $0 |
| Total liabilities | $419,567 |
Grants Awarded
Over the last fiscal year, Lewisburg Foundation Incorporated has awarded $205,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREENBRIER VALLEY AQUATIC CENTER PURPOSE: OPERATIONS | $130,000 |
WV LAND TRUST PURPOSE: OPERATIONS | $75,000 |