Lubee Foundation Inc Cumberland Bldg
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 12/1989
- Data as of
- 08/2023
- EIN
- 65-0145696
Organization Overview
Lubee Foundation Inc Cumberland Bldg is located in Gainesville, FL. The organization was established in 1989. 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. Lubee Foundation Inc Cumberland Bldg 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 08/2023, Lubee Foundation Inc Cumberland Bldg generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 4.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESEARCH AND PRESERVATION EFFORTS IN CONNECTION WITH RARE OR ENDANGERED SPECIES OF ANIMALS.
PROVIDE EDUCATIONAL TOURS AND RESEARCH SAMPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Haagenson Director | 1 | $60,187 | |
Bryan Haagenson Director | 1 | $0 | |
Facundo Bacardi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,816,326 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| 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 | $24,849 |
| Other Income | $26,201 |
| Total Revenue | $1,867,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $154,057 |
| Other employee salaries and wages | $336,803 |
| Pension plans, employee benefits | $0 |
| Interest | $87 |
| Taxes | $30,438 |
| Depreciation | $54,017 |
| Occupancy | $51,866 |
| Travel, conferences, and meetings | $9,473 |
| Printing and publications | $0 |
| Other expenses | $391,149 |
| Total operating and administrative expenses | $1,091,718 |
| Contributions, gifts, grants paid | $1,500 |
| Total expenses and disbursements | $1,093,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,604 |
| Savings and temporary cash investments | $1,014,586 |
| 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 | $160 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $499,667 |
| Other assets | $2,000 |
| Total assets | $1,571,017 |
| Accounts payable and accrued expenses | $626 |
| 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 | $626 |
Grants Awarded
Over the last fiscal year, Lubee Foundation Inc Cumberland Bldg has awarded $4,650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PHILADELPHIA ZOO PURPOSE: STUDY OF FRUIT BATS | $500 |
THE FIELD MUSEUM PURPOSE: SCIENCE MUSEUM & CONSERVATION STUDY | $4,000 |
FLORIDA ASSOC OF ZOOS AND AQUARIUMS INC PURPOSE: STUDY OF BATS | $150 |