Lucia P Fulton Foundation
- Assets
- $4.3m
- Revenue
- $46.0k
- Investments
- $4.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 04-6617090
Organization Overview
Lucia P Fulton Foundation is located in Boston, MA. The organization was established in 1989. 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. Lucia P Fulton 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, Lucia P Fulton Foundation generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $268.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lucia P Fulton Foundation has awarded 132 individual grants totaling $1,068,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George H Richards II Trustee | 1 | $0 | |
Richard L Wellman Trustee | 1 | $0 | |
George H Richards II Trustee | 1 | $0 | |
Richard L Wellman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49 |
| Dividends & Interest | $54,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,578 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $387 |
| Other Income | $0 |
| Total Revenue | $45,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $71,913 |
| Contributions, gifts, grants paid | $197,000 |
| Total expenses and disbursements | $268,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,759 |
| 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 | $833,645 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,289,404 |
| 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, Lucia P Fulton Foundation has awarded $394,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEPORT RESCUE MISSION PURPOSE: TO REDUCE FOOD INSECURITY IN THE BRIDGEPORT AREA | $1,500 |
CAMP KESEM PURPOSE: FOR FRIENDS OF CAMP KESEM AT YALE UNIVERSITY | $3,000 |
COMMUNITY FOUNDATION FOR GREATER NEW HAVEN PURPOSE: FOR GENERAL PURPOSES | $6,000 |
CONNECTICUT FOOD BANK PURPOSE: TO REDUCE FOOD INSECURITY IN BRIDGEPORT, FAIRFIELD AND NEW HAVEN AREAS IN THE MANNER DEEMED MOST BENEFICIAL. | $10,000 |
DOWNTOWN EVENING SOUP KITCHEN PURPOSE: TO REDUCE FOOD INSECURITY IN THE NEW HAVEN AREA. | $1,500 |
GOOD SHEPHERD FOOD BANK PURPOSE: FOR GENERAL USE OF THE CHARITY. | $10,000 |