Lf Foundation Inc
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $3.3m
- Employees
- 0
- Location
- Wye Mills, MD
- Founding
- Data as of
- 12/2023
- EIN
- 88-4357284
Organization Overview
Lf Foundation Inc is located in Wye Mills, MD. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lf 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, Lf Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.7%) each year.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gowl President | 0 | $0 | |
Lisa Gowl Vice President | 0 | $0 | |
Adam Senholzi Secretary & Tresurer | 0 | $0 | |
Douglas Walker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,130,321 |
| Capital Gain Net Income | $1,130,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,213,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $901 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,467 |
| Total operating and administrative expenses | $24,053 |
| Contributions, gifts, grants paid | $134,840 |
| Total expenses and disbursements | $158,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,141 |
| 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 | $1,504,207 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,340,413 |
| 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, Lf Foundation Inc has awarded $134,840 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TALBOT YOUTH FOOTBALL AND CHEER PURPOSE: GENERAL SUPPORT | $5,000 |
ARCHBISHOP SPALDING HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $54,840 |
LIL ABNER FOUNDATION INC PURPOSE: GENERAL SUPPORT | $75,000 |