Lamb Foundation Of North Carolina Inc
- Assets
- $328.2k
- Revenue
- $524.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 09/1999
- Data as of
- 06/2022
- EIN
- 56-2139696
Organization Overview
Lamb Foundation Of North Carolina Inc is located in Charlotte, NC. The organization was established in 1999. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamb Foundation Of North Carolina 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 06/2022, Lamb Foundation Of North Carolina Inc generated $524.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $495.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lamb Foundation Of North Carolina Inc has awarded 101 individual grants totaling $1,604,633. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR PERSONS IN NORTH CAROLINA WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO ENTITIES AND ORGANIZATIONS FOR CARE OF OR SERVICES TO INDIVIDUALS IN NORTH CAROLINA WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Desch Treasurer | OfficerTrustee | 4 | $0 |
John C Gouldie President | OfficerTrustee | 3 | $0 |
Colin R Jorsch Jr Vice President | OfficerTrustee | 1 | $0 |
J C Reiher Director | Trustee | 1 | $0 |
Joseph Mccarthy Director | Trustee | 1 | $0 |
Christopher Losack Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $507,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,313 |
| Total Program Service Revenue | $0 |
| Investment income | $4,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,525 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $470,129 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,478 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,502 |
| All other expenses | $100 |
| Total functional expenses | $495,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,298 |
| Savings and temporary cash investments | $76,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $124,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,156 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $204,120 |
| Net assets with donor restrictions | $124,036 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $328,156 |
Grants Awarded
Over the last fiscal year, Lamb Foundation Of North Carolina Inc has awarded $184,415 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Belmont, NC PURPOSE: SUPPORT INTELLECTUALLY DISABLED | $61,685 |
SPECIAL OLYMPICS NC PURPOSE: SUPPORT INTELLECTUALLY DISABLED | $29,600 |
OBERRY CENTER PURPOSE: SUPPORT INTELLECTUALLY DISABLED | $20,777 |
ASSURE THE FUTURE FOUNDATION PURPOSE: SUPPORT INTELLECTUALLY DISABLED | $14,053 |
Black Mountain, NC PURPOSE: SUPPORT INTELLECTUALLY DISABLED | $13,500 |
MURDOCH CENTER FOUNDATION PURPOSE: SUPPORT INTELLECTUALLY DISABLED | $13,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lamb Foundation Of North Carolina Inc has recieved totaling $8,629.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,519 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $520 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $490 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $100 |
Endowment Analysis
| Beg. Balance | $125,727 |
| Earnings | $16,903 |
| Admin Expense | $1,470 |
| Other Expense | $17,117 |
| Ending Balance | $124,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Helen Ross Mcnabb Center Knoxville, TN | $72,136,261 | $86,685,215 |
Volunteer Behavioral Health Care System Chattanooga, TN | $49,176,238 | $61,936,573 |
Highlands Community Services Board Abingdon, VA | $23,117,608 | $24,917,574 |
Meridian Behavioral Health Services Inc Sylva, NC | $4,287,146 | $11,125,005 |
Tennessee Family Solutions Inc Smyrna, TN | $15,676,740 | $11,557,819 |
Childsavers-Memorial Child Guidance Clinic Richmond, VA | $4,433,462 | $9,884,125 |
Mental Illness Recovery Center Inc Columbia, SC | $3,994,336 | $6,973,489 |
Helen Ross Mcnabb Mental Health Foundation Inc Knoxville, TN | $43,430,645 | $5,812,040 |
T A M B Of Jackson Tennessee Inc Jackson, TN | $5,266,394 | $4,268,228 |
Behavioral Health Initiatives Inc Paris, TN | $2,436,762 | $3,081,771 |
Family Safety Center Of Memphis And Shelby County Inc Memphis, TN | $963,743 | $3,212,059 |
Georgia Rehabilitation Outreach Inc East Point, GA | $76,955 | $1,796,455 |