Duluth Lions Club Foundation
- Assets
- $47.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 07/2017
- Data as of
- 06/2022
- EIN
- 81-5401727
Organization Overview
Duluth Lions Club Foundation is located in Duluth, MN. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public 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. Duluth Lions Club 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 06/2022, Duluth Lions Club Foundation generated $52.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $26.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DULUTH LIONS CLUB FOUNDATION PROVIDES FUNDING AND SERVICES TO INDIVIDUALS FOR A VARIETY OF REASONS BASED ON NEED.
Describe the Organization's Program Activity:
Part 3
THE DULUTH LIONS CLUB FOUNDATION PROVIDES FUNDING AND SERVICES TO INDIVIDUALS AND ORGANIZATIONS FOR A VARIETY OF REASONS BASED ON NEED. SPECIFIC EXAMPLES OF FUNDING OR SERVICES INCLUDES PROVIDING VISION SCREENING TO ADULTS AND CHILDREN AND PROVIDING FUNDING FOR HEARING DEVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Swenson Secretary | 1 | $0 | |
Christopher Correia President | 1 | $0 | |
Henry Banks Second Vice President | 0.5 | $0 | |
Marie Pank Third Vice President | 0.5 | $0 | |
James J Denney Treasurer | 1 | $0 | |
Tom O'brien Past President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,367 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,204 |
| Other Revenue | $0 |
| Total Revenue | $52,571 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $26,473 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,349 |
| Other assets | $0 |
| Total assets | $47,544 |
| Total liabilities | $425 |
| Net assets or fund balances | $47,119 |
Grants Awarded
Over the last fiscal year, Duluth Lions Club Foundation has awarded $16,615 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Duluth, MN PURPOSE: UNRESTRICTED | $10,615 |
Duluth, MN PURPOSE: ESTABLISH A SCHOLARSHIP FUND | $6,000 |
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