Lsp Foundation Inc
- Assets
- $300.2k
- Revenue
- $45.0k
- Investments
- $273.4k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 20-3948205
Organization Overview
Lsp Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2007. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Lsp 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, Lsp Foundation Inc generated $45.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $62.3k during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73 |
| Contributions, gifts, grants paid | $62,200 |
| Total expenses and disbursements | $62,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,831 |
| 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 | $273,417 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $300,248 |
| 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, Lsp Foundation Inc has awarded $62,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRAM VIKAS TRUST- BRANCH PURPOSE: SCHOLARSHIP FUND | $45,000 |
PALM BEACH STATE COLLEGE PURPOSE: SCHOLSARSHIP | $15,000 |
OSCAR RODAS PURPOSE: SCHOLSARSHIP | $2,200 |