Lost Tree Village Charitable Foundation Inc
- Assets
- $19.7m
- Revenue
- $9.7m
- Investments
- $655.8k
- Employees
- 4
- Location
- North Palm Beach, FL
- Founding
- 07/1981
- Data as of
- 06/2023
- EIN
- 59-2104920
Organization Overview
Lost Tree Village Charitable Foundation Inc is located in North Palm Beach, FL. The organization was established in 1981. 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. As of 06/2023, Lost Tree Village Charitable Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Tree Village 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 06/2023, Lost Tree Village Charitable Foundation Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 7.2% 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, Lost Tree Village Charitable Foundation Inc has awarded 620 individual grants totaling $31,593,878. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO WORK TOGETHER TO STRENGTHEN OUR (CONTINUED ON SCHEDULE O) SURROUNDING COMMUNITIES BY SIGNIFICANTLY IMPROVING THE LIVES OF OUR NEIGHBORS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED 69 GRANTS TO VARIOUS HUMAN SERVICE AGENCIES THAT WORK TO ADDRESS ISSUES OF HEALTH, HUNGER, HOUSING AND EDUCATION TO BE USED PRIMARILY FOR CAPITAL NEEDS.
THE FOUNDATION CONTINUED WITH ITS 10TH YEAR OF SUPPORT FOR THE RIVIERA BEACH LITERACY PROJECT WHICH IS FOCUSED ON IMPROVING LITERACY ATTAINMENT FOR K-3RD GRADERS IN THE FOUR PUBLIC ELEMENTARY SCHOOLS IN RIVIERA BEACH.
THE FOUNDATION CONTINUES ITS WORK ON THE RIVIERA BEACH HEALTH INITIATIVE BRINGING TOGETHER PARTNERS THROUGHOUT THE COMMUNITY TO IMPROVE ACCESS TO QUALITY HEALTHCARE AND OVERALL SOCIAL DETERMINANTS OF HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott A Rogers President | OfficerTrustee | 10 | $0 |
Carroll S Bennett Vice President | OfficerTrustee | 7 | $0 |
Ce Thomas Cleveland Vice President & Secretary | OfficerTrustee | 7 | $0 |
Thomas Kane Vice President | OfficerTrustee | 7 | $0 |
Dean Maglaris Vice President | OfficerTrustee | 7 | $0 |
Tina E Mikkelsen Vice President | OfficerTrustee | 7 | $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 | $9,165,472 |
| Noncash contributions included in lines 1a–1f | $181,695 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,165,472 |
| Total Program Service Revenue | $0 |
| Investment income | $447,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,687,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,435,568 |
| 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. | $226,618 |
| Compensation of current officers, directors, key employees. | $22,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,659 |
| Pension plan accruals and contributions | $6,391 |
| Other employee benefits | $9,505 |
| Payroll taxes | $25,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,069 |
| Fees for services: Other | $23,341 |
| Advertising and promotion | $0 |
| Office expenses | $13,432 |
| Information technology | $13,726 |
| Royalties | $0 |
| Occupancy | $14,384 |
| Travel | $432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,505 |
| All other expenses | $13,843 |
| Total functional expenses | $6,010,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,685 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,987,900 |
| 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 | $9,850 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,298,087 |
| Investments—other securities | $655,817 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,389 |
| Total assets | $19,666,728 |
| Accounts payable and accrued expenses | $23,460 |
| Grants payable | $601,605 |
| 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 | $625,065 |
| Net assets without donor restrictions | $6,678,373 |
| Net assets with donor restrictions | $12,363,290 |
| 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 | $19,666,728 |
Grants Awarded
Over the last fiscal year, Lost Tree Village Charitable Foundation Inc has awarded $5,435,568 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVEMENT CENTER FOR CHILDREN AND FAMILIES PURPOSE: For kitchen renovations at the child care center, which produces 200,000 nutritious snacks and meals for students each year. | $50,000 |
ADOPT-A-FAMILY OF THE PALM BEACHES INC PURPOSE: The Lost Tree Village Charitable Foundation partnered with Adopt-A-Family in purchasing a new 30-passenger school bus to replace the 15-year-old, high-maintenance vehicle that was being used to transport the students of Project Grow, the agency's out-of-school program for homeless/at-risk children. | $50,000 |
AID TO VICTIMS OF DOMESTIC ABUSE INC PURPOSE: For updates at the emergency shelter to maintain a welcoming, trauma-informed space for survivors and their children fleeing an abusive partner. | $50,000 |
ALPERT JFS PURPOSE: For the buildout of counseling offices in the new Alpert JFS Activity Center, enabling the agency to deliver comprehensive wraparound mental health services to adults with disabilities, children and families, and other individuals in need residing in the Palm Beach Gardens area. | $50,000 |
ALZHEIMER'S COMMUNITY CARE PURPOSE: To refurbish and update the Palm Beach Gardens Day Center. | $22,359 |
AMERICAN HEART ASSOCIATION PURPOSE: For the Food Farmacy Program in Riviera Beach, in partnership with the Riviera Beach Health Initiative. | $69,218 |