Lackey Foundation Inc
- Assets
- $517.2k
- Revenue
- $45.5k
- Investments
- $344.9k
- Employees
- 0
- Location
- Spring Hill, TN
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 62-1790381
Organization Overview
Lackey Foundation Inc is located in Spring Hill, TN. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lackey 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, Lackey Foundation Inc generated $45.5k 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 (5.9%) each year. All expenses for the organization totaled $43.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lackey Foundation Inc has awarded 41 individual grants totaling $177,850. 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 |
|---|---|---|---|
Douglas Lackey President, Treasurer | 1 | $0 | |
Cindy Ott Director | 0.5 | $0 | |
Harriet Harper Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,265 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,112 |
| Capital Gain Net Income | $7,112 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,376 |
| Contributions, gifts, grants paid | $40,400 |
| Total expenses and disbursements | $43,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,849 |
| Savings and temporary cash investments | $155,536 |
| 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 | $517,238 |
| 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, Lackey Foundation Inc has awarded $40,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE PURPOSE: OPERATING SUPPORT | $10,000 |
BRENTWOOD BAPTIST CHURCH PURPOSE: OPERATING SUPPORT | $9,000 |
CHRISTIAN LEADERSHIP CONCEPTS PURPOSE: OPERATING SUPPORT | $8,400 |
Boone, NC PURPOSE: OPERATING SUPPORT | $5,000 |
WAVERLY FIRST BAPTIST CHURCH PURPOSE: OPERATING SUPPORT | $5,000 |
Spring Hill, TN PURPOSE: OPERATING SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Spring Foundation Inc Atlanta, GA | $104,160,284 | -$7,184,259 |
The Scott Hudgens Family Foundation Inc Duluth, GA | $0 | $7,703,530 |