James & Lillian Lockerd Foundation
- Assets
- $462.7k
- Revenue
- $31.0k
- Investments
- $450.8k
- Employees
- 0
- Location
- Henderson, TX
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 75-6476031
Organization Overview
James & Lillian Lockerd Foundation is located in Henderson, TX. The organization was established in 1997. 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. James & Lillian Lockerd 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, James & Lillian Lockerd Foundation generated $31.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $26.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James & Lillian Lockerd Foundation has awarded 41 individual grants totaling $114,782. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MONIES FOR VARIOUS TAX EXEMPT ORGANIZATIONS WITHIN THE SURROUNDING COMMUNITY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,347 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,670 |
| Capital Gain Net Income | $15,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,987 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,822 |
| Contributions, gifts, grants paid | $21,001 |
| Total expenses and disbursements | $26,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,795 |
| 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 | $168 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,738 |
| 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, James & Lillian Lockerd Foundation has awarded $21,001 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE OUTREACH INTERNATIONAL PURPOSE: CHARITABLE OPERATIONS | $4,200 |
TRINITY BROADCASTING NETWORK PURPOSE: CHARITABLE OPERATIONS | $4,200 |
COMPASSION CORSICANA PURPOSE: CHARITABLE OPERATIONS | $2,300 |
FIRST METHODIST CHURCH PURPOSE: CHARITABLE OPERATIONS | $4,000 |
LEWISVILLE EDUCATION FOUNDATION PURPOSE: CHARITABLE OPERATIONS | $3,063 |
LEWISVILLE HIGH SCHOOL PURPOSE: CHARITABLE OPERATIONS | $1,750 |