Lm1983 Inc
- Assets
- $7.8m
- Revenue
- $377.9k
- Investments
- $7.6m
- Employees
- 0
- Location
- Tustin, CA
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2546384
Organization Overview
Lm1983 Inc is located in Tustin, CA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lm1983 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, Lm1983 Inc generated $377.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $374.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lm1983 Inc has awarded 34 individual grants totaling $1,267,018. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Welch Secretary | 10 | $0 | |
Courtney Welch Chief Financial Officer | 10 | $0 | |
Louis Welch Director | 0 | $0 | |
Michu Welch Director | 0 | $0 | |
Brendan Welch President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $266 |
| Dividends & Interest | $80,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,364 |
| Capital Gain Net Income | $297,364 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $377,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,036 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,036 |
| Contributions, gifts, grants paid | $369,833 |
| Total expenses and disbursements | $374,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,994 |
| 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 | $7,821,301 |
| 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, Lm1983 Inc has awarded $369,833 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHOC CHILDREN'S FOUNDATION PURPOSE: DONATION | $55,833 |
BOARDRIDER'S FOUNDATION PURPOSE: DONATION | $0 |
HOAG HOSPITAL FOUNDATION PURPOSE: DONATION | $200,000 |
KUKIO COMMUNITY FUND OF THE HAWAII COMM FOUNDATION PURPOSE: DONATION | $0 |
UNIVERSITY OF SAN DIEGO PURPOSE: DONATION | $0 |
JIM SANDERS NANEA FUND PURPOSE: DONATION | $0 |