Lilly Family Foundation
- Assets
- $1.2m
- Revenue
- $200.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Superior, CO
- Founding
- 02/1997
- Data as of
- 06/2024
- EIN
- 84-1366379
Organization Overview
Lilly Family Foundation is located in Superior, CO. The organization was established in 1997. 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. Lilly Family 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 06/2024, Lilly Family Foundation generated $200.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $90.8k during the year ending 06/2024. While expenses have increased by 30.0% 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 2021, Lilly Family Foundation has awarded 49 individual grants totaling $250,400. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LILLY FAMILY FOUNDATION PROVIDES THAT PAYMENTS FROM THE TRUST SHALL BE FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES. SEE STATEMENT FOR DONEE CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul F Lilly Director/president | 0 | $0 | |
Brenda J Lilly Director/vice President | 0 | $0 | |
Katherine Lilly Director | 0 | $0 | |
Amanda Lilly Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $149,302 |
| Capital Gain Net Income | $149,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,209 |
| Contributions, gifts, grants paid | $81,600 |
| Total expenses and disbursements | $90,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,264 |
| 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 | $1,154,516 |
| 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, Lilly Family Foundation has awarded $81,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
3D ACCESS FUND PURPOSE: GENERAL FUND | $2,500 |
EXCEEDING EXPECTATIONS PURPOSE: GENERAL FUND | $15,000 |
IMMACULATE CONCEPTION CHURCH PURPOSE: GENERAL FUND | $15,000 |
LOTUS NETWORK PURPOSE: GENERAL FUND | $6,500 |
MAKE A WISH FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
NEW HORIZONS HOUSE PURPOSE: GENERAL FUND | $6,000 |