Ldg Development Foundation
- Assets
- $24.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-4099012
Organization Overview
Ldg Development Foundation is located in Louisville, KY. The organization was established in 2020. 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. Ldg Development 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, Ldg Development Foundation generated $1.1m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 77.8% per year over the past 4 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.
Since 2019, Ldg Development Foundation has awarded 23 individual grants totaling $1,571,131. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESOURCE AND PROMOTE EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Dischinger Chair | 1 | $0 | |
Lisa Becker Treasurer | 1 | $0 | |
Michele Mitchell Secretary | 1 | $0 | |
Scott Brian Member At Large | 1 | $0 | |
Christi Lanier-Robinson Member At Large | 1 | $0 | |
William Shircliff Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,089,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,089,600 |
| 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 | $55,404 |
| Total operating and administrative expenses | $55,404 |
| Contributions, gifts, grants paid | $1,013,046 |
| Total expenses and disbursements | $1,068,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,325 |
| 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 | $24,325 |
| 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, Ldg Development Foundation has awarded $1,013,046 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DALLAS PARKS AND RECREATION PURPOSE: TO SUPPORT OPERATIONS | $6,500 |
EVOLVE502 INC PURPOSE: EDUCATIONAL PURPOSES | $2,546 |
NATIONAL ASSOCIATION OF HOUSING AND REDEVELOPMENT PURPOSE: EDUCATIONAL PURPOSES | $100,000 |
UNIVERSITY OF LOUISVILLE- MCCONNELL CENTER PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
FEED LOUISVILLE PURPOSE: TO SUPPORT OPERATIONS | $720,000 |
DARE TO CARE PURPOSE: TO SUPPORT OPERATIONS | $24,000 |