Lundstrum Family Foundation Inc
- Assets
- $187.2k
- Revenue
- $31.1k
- Investments
- $180.1k
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 84-2905490
Organization Overview
Lundstrum Family Foundation Inc is located in Springdale, AR. The organization was established in 2020. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lundstrum Family Foundation 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, Lundstrum Family Foundation Inc generated $31.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.9%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Lundstrum President | 0 | $0 | |
Robin D Lundstrum Vice Preside | 0 | $0 | |
Mary Grace Lively Secretary | 0 | $0 | |
Jacob Lively Director | 0 | $0 | |
David Lundstrum Treasurer | 0 | $0 | |
London Lundstrum Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $3,126 |
| Dividends & Interest | $2,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,444 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,662 |
| Total Revenue | $31,070 |
| 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 | $10 |
| Total operating and administrative expenses | $4,863 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $14,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,118 |
| 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 | $135,689 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $187,220 |
| 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, Lundstrum Family Foundation Inc has awarded $10,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INTO THE LIGHT PURPOSE: CHARITBLE | $1,000 |
SPRINGDALE KIWANIS FOUNDATION PURPOSE: SCHOLARSHIP | $500 |
ARK COMMUNITY FOUNDATION PURPOSE: DONOR DEVELOPMENT | $1,000 |
ARK AIR AND MILITARY MUSEUM PURPOSE: EDUCATIONAL | $1,000 |
SUSAN G KOMEN PURPOSE: RESEARCH | $2,500 |
DOWNTOWN SPRINGDALE ALLIANCE PURPOSE: COMMUNITY DEVELOPMENT | $1,500 |