Robert J Lightner Foundation
- Assets
- $17.5m
- Revenue
- $3.3m
- Investments
- $13.1m
- Employees
- 0
- Location
- Florence, KY
- Founding
- 04/1988
- Data as of
- 12/2023
- EIN
- 61-1130572
Organization Overview
Robert J Lightner Foundation is located in Florence, KY. The organization was established in 1988. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert J Lightner Foundation 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, Robert J Lightner Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 6.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Lightner President | 1 | $0 | |
Wesley W Lightner Vice President | 1 | $0 | |
Roger M Sipple Sr Director | 1 | $0 | |
Jerry W Delaney Director | 1 | $0 | |
Michael J Stanaland Sr Director | 1 | $0 | |
Charles Willis Vaughn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,625,324 |
| Interest on Savings | $0 |
| Dividends & Interest | $394,595 |
| Net Rental Income | $20,238 |
| Net Gain on Sale of Assets | $229,504 |
| Capital Gain Net Income | $229,504 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,728 |
| Total Revenue | $3,274,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,485 |
| Depreciation | $113,679 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,323 |
| Total operating and administrative expenses | $266,472 |
| Contributions, gifts, grants paid | $1,042,000 |
| Total expenses and disbursements | $1,308,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,336 |
| Savings and temporary cash investments | $0 |
| 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 | $2,302,767 |
| Net Land, buildings, and equipment | $3,853,885 |
| Other assets | $0 |
| Total assets | $17,497,581 |
| Accounts payable and accrued expenses | $102,587 |
| 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 | $102,587 |