Ltm Family Foundation
- Assets
- $4.4m
- Revenue
- $1.6m
- Investments
- $2.2m
- Employees
- 0
- Location
- Glen Mills, PA
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-2719184
Organization Overview
Ltm Family Foundation is located in Glen Mills, PA. The organization was established in 2016. 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. Ltm Family 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, Ltm Family Foundation generated $1.6m 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 (8.1%) each year. All expenses for the organization totaled $276.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ltm Family Foundation has awarded 78 individual grants totaling $964,500. 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 |
|---|---|---|---|
Linda Mccarthy President | 0 | $0 | |
Thomas A Mccarthy Vice Preside | 0 | $0 | |
Elizabeth Mccarthy Secretary | 0 | $0 | |
Thomas P Mccarthy Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,225 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,057,707 |
| Capital Gain Net Income | $1,057,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,121 |
| Total Revenue | $1,570,663 |
| 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 | $1,825 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $276,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,248,337 |
| Savings and temporary cash investments | $0 |
| 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 | $4,427,195 |
| 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, Ltm Family Foundation has awarded $275,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER BOSTON FOOD BANK PURPOSE: GENERAL | $15,000 |
YOUTH FARM PROJECT PURPOSE: GENERAL | $5,000 |
FOOD FOR LANE COUNTY PURPOSE: GENERAL | $5,000 |
PHILABUNDANCE PURPOSE: GENERAL | $25,000 |
CYCLE CONNECT PURPOSE: GENERAL | $5,000 |
MORE THAN WORDS PURPOSE: GENERAL | $10,000 |