Luke Manufacturing Foundation
- Assets
- $123.4k
- Revenue
- $30.4k
- Investments
- $100.9k
- Employees
- 0
- Location
- Wadsworth, OH
- Founding
- Data as of
- 08/2023
- EIN
- 81-4027231
Organization Overview
Luke Manufacturing Foundation is located in Wadsworth, OH. 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. Luke Manufacturing 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 08/2023, Luke Manufacturing Foundation generated $30.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $23.5k during the year ending 08/2023. While expenses have increased by 7.1% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Bates Executive Di | 3 | $0 | |
Anne Jurey Director | 1 | $0 | |
Fred Hayduk Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,175 |
| Interest on Savings | $317 |
| Dividends & Interest | $2,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,951 |
| Capital Gain Net Income | $24,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,029 |
| Total operating and administrative expenses | $3,649 |
| Contributions, gifts, grants paid | $19,887 |
| Total expenses and disbursements | $23,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,959 |
| Savings and temporary cash investments | $12,504 |
| 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 | $6,540 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $123,381 |
| 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, Luke Manufacturing Foundation has awarded $19,887 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP FOUNDATION OF WADSWORTH PURPOSE: SCHOLARSHIP | $7,300 |
DEVIN DOWLBY PURPOSE: SCHOLARSHIP | $1,500 |
JACQULINE SCHUSTER PURPOSE: SCHOLARSHIP | $1,500 |
SALVATION ARMY CAPITAL CAMPAIGN PURPOSE: CAPITAL CAMPAIGN | $5,000 |
SALVATION ARMY PURPOSE: ANNUAL KETTLE CAMPAIGN | $250 |
WADSWORTH CITY SCHOOL DISTRICT PURPOSE: STUDENT PROM/SR DAY DONATION | $300 |