W Bruce Lunsford Foundation Inc
- Assets
- $1.3m
- Revenue
- $115.5k
- Investments
- $388.7k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 61-1189700
Organization Overview
W Bruce Lunsford Foundation Inc is located in Louisville, KY. The organization was established in 1991. 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. W Bruce Lunsford 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 12/2022, W Bruce Lunsford Foundation Inc generated $115.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $527.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W Bruce Lunsford Foundation Inc has awarded 114 individual grants totaling $1,623,644. 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 |
|---|---|---|---|
W Bruce Lunsford President/director | 1 | $0 | |
Mary B Ewing Secretary/treasurer | 5 | $30,000 | |
Justin Vetter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $366,756 |
| Interest on Savings | $4,597 |
| Dividends & Interest | $57,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$313,465 |
| Capital Gain Net Income | $1,380,416 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,287 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $44,302 |
| Contributions, gifts, grants paid | $482,730 |
| Total expenses and disbursements | $527,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,616 |
| Savings and temporary cash investments | $930,783 |
| 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 | $1,325,082 |
| 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, W Bruce Lunsford Foundation Inc has awarded $482,730 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC EDUCATION FOUNDATION PURPOSE: GENERAL | $10,000 |
CATHOLIC EDUCATION FOUNDATION PURPOSE: GENERAL | $50,000 |
COMMONWEALTH FUND FOR KET INC PURPOSE: GENERAL | $1,750 |
COMMONWEALTH FUND FOR KET INC PURPOSE: GENERAL | $2,000 |
DARE TO CARE FOOD BANK PURPOSE: GENERAL | $10,000 |
FUND FOR THE ARTS PURPOSE: GENERAL | $5,000 |