Ludwick Family Foundation
- Assets
- $22.6m
- Revenue
- $980.7k
- Investments
- $22.2m
- Employees
- 0
- Location
- Glendora, CA
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 95-4296315
Organization Overview
Ludwick Family Foundation is located in Glendora, CA. The organization was established in 1991. 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. Ludwick 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 12/2022, Ludwick Family Foundation generated $980.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED 2020 PROGRAM NARATIVEDEMOCRACY IN ACTION PROGRAM
PARTNERSHIPS IN CIVIC ENGAGEMENT PROGRAM
YOUTH FORUM PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur J Ludwick Director | 3 | $0 | |
Sarah L Ludwick Director | 3 | $0 | |
Sharon L Warner Director | 1 | $0 | |
Erik A Ludwick Director | 1 | $0 | |
Heidi L Hanson Director | 1 | $0 | |
Erik A Ludwick Coo/vice Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,005 |
| Dividends & Interest | $904,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,142 |
| Capital Gain Net Income | $13,142 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,000 |
| Total Revenue | $980,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $159,595 |
| Pension plans, employee benefits | $11,501 |
| Interest | $0 |
| Taxes | $47,141 |
| Depreciation | $2,393 |
| Occupancy | $16,481 |
| Travel, conferences, and meetings | $2,069 |
| Printing and publications | $450 |
| Other expenses | $90,707 |
| Total operating and administrative expenses | $379,000 |
| Contributions, gifts, grants paid | $1,415,400 |
| Total expenses and disbursements | $1,794,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $451,765 |
| 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 | $21,162,100 |
| Net Land, buildings, and equipment | $7,601 |
| Other assets | $22,078 |
| Total assets | $22,637,439 |
| 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 |