Ldb Foundation
- Assets
- $11.5m
- Revenue
- $1.4m
- Investments
- $11.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 74-2829433
Organization Overview
Ldb Foundation is located in Atlanta, GA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ldb 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 12/2022, Ldb Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ldb Foundation has awarded 85 individual grants totaling $3,749,347. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda D Brooks Pres/director | 2 | $0 | |
Daniel A Brooks Vp/director | 1 | $0 | |
E Ashley Brooks Director | 20 | $0 | |
Elizabeth Heaston Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,335 |
| Interest on Savings | $56 |
| Dividends & Interest | $158,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,054,170 |
| Capital Gain Net Income | $1,054,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $153,787 |
| Total Revenue | $1,413,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,335 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176,764 |
| Total operating and administrative expenses | $285,147 |
| Contributions, gifts, grants paid | $734,500 |
| Total expenses and disbursements | $1,019,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,911 |
| 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 | $7,033,585 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $82,755 |
| Total assets | $11,496,262 |
| 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, Ldb Foundation has awarded $734,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PACE ACADEMY PURPOSE: GENERAL FUNDING | $267,000 |
JUST PEOPLE INC PURPOSE: GENERAL FUNDING | $300,000 |
PEACHTREE PRESBYTERIAN CHURCH PURPOSE: GENERAL FUNDING | $10,000 |
VANDERBILT UNIVERSITY PURPOSE: GENERAL FUNDING | $100,000 |
PIEDMONT PARK CONSERVANCY PURPOSE: GENERAL FUNDING | $2,500 |
UNIVERSITY OF THE SOUTH PURPOSE: GENERAL FUNDING | $5,000 |