Luke 18-1 Foundation
- Assets
- $26.9k
- Revenue
- $532.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-1793314
Organization Overview
Luke 18-1 Foundation is located in Southlake, TX. The organization was established in 2018. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luke 18-1 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, Luke 18-1 Foundation generated $532.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $524.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LUKE 18:1 FOUNDATION MISSION IS TO WORK TOGETHER AS A COMMUNITY TO FIND A CURE FOR SMA THROUGH RASISING AWARENESS, FUNDING RESEARCH, AND SUPPORTING INDIVIDUALS AND FAMILIES. IN SUPPORT OF THE MISSION, THE LUKE 18:1 FOUNDATION SPECIFICALLY SEEKS TO HAVE AN IMPACT ON THE VARIOUS AUDIENCES WITH WHICH IT IS ENGAGED. THE LUKE 18:1 FOUNDATION'S THREE PILLARS' ACTIVITIES ARE RAISING AWARENESS, FUNDING RESEARCH, AND SUPPORTING FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINKS 4 LUKE: ANNUAL GOLF TOURNAMENT WITH ALL PROCEEDS BENFITING THE LUKE 18:1 FOUNDATION, WHICH RAISES FUNDS FOR RESEARCH EFFORTS TO FIND A CURE FOR SMA AND SUPPORT FAMILIES AFFECTED BY THE DISEASE.
FOUNDATION MADE A GRANT TO CURE SMA IN THE AMOUNT OF $500,000. CURE SMA RAISES FUNDS TO SUPORT RESEARCH AND THOSE DIAGNOSED WITH SMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Stickane Board Member | OfficerTrustee | 10 | $0 |
Joseph Hildebrand Board Member | OfficerTrustee | 2 | $0 |
Justin Puckett Board Member | Trustee | 2 | $0 |
Daniella Giglio Board Member | OfficerTrustee | 10 | $10,000 |
Holden Heil Board Member | Trustee | 2 | $0 |
Seth Williams Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $602,081 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,081 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$69,589 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $532,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $524,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,851 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,851 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $26,851 |
| Total liabilities and net assets/fund balances | $26,851 |
Grants Awarded
Over the last fiscal year, Luke 18-1 Foundation has awarded $112,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILIES OF SPINAL MUSCULAR ATROPHY DBA CURE SMA PURPOSE: FUND CURE FOR SMA | $102,500 |
MUSCULAR DYSTROPHY ASSOCIATION INC PURPOSE: FUND CURE FOR SMA | $10,000 |