L Heart Foundation Inc
- Assets
- $4.5m
- Revenue
- $607.9k
- Investments
- $4.3m
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 81-0522506
Organization Overview
L Heart Foundation Inc is located in Bozeman, 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 12/2023, L Heart Foundation Inc generated $607.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 64.0% each year . All expenses for the organization totaled $259.6k during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 9 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 129 individual grants totaling $1,087,092. 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 |
|---|---|---|---|
Theodore A Thompson Director | 0 | $0 | |
William B Thompson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $902 |
| Dividends & Interest | $107,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $540,888 |
| Capital Gain Net Income | $540,888 |
| Net ST Capital Gain | $205,937 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$41,413 |
| Total Revenue | $607,850 |
| 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 | $0 |
| Total operating and administrative expenses | $63,083 |
| Contributions, gifts, grants paid | $196,552 |
| Total expenses and disbursements | $259,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $226,807 |
| 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 | $4,513,932 |
| 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 $196,552 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
HEIFER INTERNATIONAL PURPOSE: FURTHER TAX EXEMPT PURPOSE | $10,000 |
THE NATURE CONSERVANCY PURPOSE: FURTHER TAX EXEMPT PURPOSE | $2,034 |
DUCKS UNLIMITED PURPOSE: FURTHER TAX EXEMPT PURPOSE | $30,000 |
MADISON VALLEY MEDICAL CENTER PURPOSE: FURTHER TAX EXEMPT PURPOSE | $25,000 |
BOZEMAN FILM SOCIETY PURPOSE: FURTHER TAX EXEMPT PURPOSE. | $10,000 |
MONTANA FRIENDS OF MT PBS PURPOSE: FURTHER TAX EXEMPT PURPOSE | $2,500 |