Loudermilk Family Christian Foundation Inc
- Assets
- $2.3m
- Revenue
- $291.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Ellerslie, GA
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 58-2510681
Organization Overview
Loudermilk Family Christian Foundation Inc is located in Ellerslie, GA. The organization was established in 2000. 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. Loudermilk Family Christian 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 12/2021, Loudermilk Family Christian Foundation Inc generated $291.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $105.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Loudermilk Family Christian Foundation Inc has awarded 196 individual grants totaling $3,832,334. 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 |
|---|---|---|---|
Joey M Loudermilk President/treas. | 2 | $0 | |
Ramona L Loudermilk Vice President/sec. | 1 | $0 | |
J Matthew Loudermilk Trustee | 1 | $0 | |
Justin M Loudermilk Trustee | 1 | $0 | |
Jenny L Hord Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $291,471 |
| 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 | $0 |
| Total Revenue | $291,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,000 |
| Contributions, gifts, grants paid | $102,100 |
| Total expenses and disbursements | $105,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,790 |
| Savings and temporary cash investments | $192,244 |
| 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 | $2,300,366 |
| 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, Loudermilk Family Christian Foundation Inc has awarded $645,300 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ANCIENT WAY FARM PURPOSE: TO FURTHER GENERAL OPERATIONS | $5,000 |
ALSAC ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: TO FURTHER GENERAL OPERATIONS | $1,000 |
BETHESDA BAPTIST CHURCH PURPOSE: TO FURTHER GENERAL OPERATIONS | $50,000 |
BOY SCOUTS OF AMERICA PURPOSE: TO FURTHER GENERAL OPERATIONS | $1,000 |
BEGIN AGAIN FARMS INC PURPOSE: TO FURTHER GENERAL OPERATIONS | $3,000 |
BOYS & GIRLS CLUBS OF AMERICA PURPOSE: TO FURTHER GENERAL OPERATIONS | $5,000 |