L Heart Foundation Inc
- Assets
- $1.2m
- Revenue
- $49.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mcallister, MT
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 81-0522506
Organization Overview
L Heart Foundation Inc is located in Mcallister, MT. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. L Heart 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, L Heart Foundation Inc generated $49.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $141.3k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 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.
Since 2015, L Heart Foundation Inc has awarded 98 individual grants totaling $752,040. 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 |
|---|---|---|---|
Linn W Krieg Director | 0 | $0 | |
Penelope M Henning Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $49,245 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$333 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $2,969 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $326 |
| Total Revenue | $49,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $1,835 |
| Contributions, gifts, grants paid | $139,430 |
| Total expenses and disbursements | $141,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,015 |
| 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 | $2 |
| Total assets | $1,246,738 |
| 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, L Heart Foundation Inc has awarded $139,430 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON VALLEY MEDICAL CENTER PURPOSE: FURTHER TAX EXEMPT PURPOSE | $35,000 |
Memphis, TN PURPOSE: FURTHER TAX EXEMPT PURPOSE | $24,830 |
HABITAT FOR HUMANITY PURPOSE: FURTHER TAX EXEMPT PURPOSE | $10,000 |
SALVATION ARMY PURPOSE: FURTHER TAX EXEMPT PURPOSE | $10,000 |
GLYNWOOD FARM - SUSTAINABLE FARMING PURPOSE: FURTHER TAX EXEMPT PURPOSE. | $10,000 |
Palm Desert, CA PURPOSE: FURTHER TAX EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
Mary H Storer Foundation Cheyenne, WY | $21,336,480 | $2,942,108 |
Black Hills Corporation Foundation Rapid City, SD | $5,164,188 | $1,056,391 |
Dakota Foundation Dtd 122997 Holaday A Bart Ttee Jamestown, ND | $13,979,318 | $537,848 |
Melaleuca Foundation A Non-Profit Corporation Idaho Falls, ID | $4,291,307 | $1,127,354 |
Angora Ridge Foundation Inc Whitefish, MT | $5,332,082 | $695,387 |
Majn Charitable Foundation Bozeman, MT | $6,304,721 | $298,088 |
2019 Wool Warehouse Inc Boise, ID | $0 | $34,124 |
Max And Betty Swanson Foundation Missoula, MT | $3,381,928 | $373,509 |
Idaho Power Foundation Inc Boise, ID | $2,282,598 | $1,007,591 |
Allison Ranch Ministries Foundation Inc Boise, ID | $15,936,586 | $906,559 |