Thomas & Heather Ludlow Family Foundation
- Assets
- $260.8k
- Revenue
- $151.2k
- Investments
- $109.7k
- Employees
- 0
- Location
- Folsom, CA
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-3110098
Organization Overview
Thomas & Heather Ludlow Family Foundation is located in Folsom, CA. The organization was established in 2009. According to its NTEE Classification (P58) the organization is classified as: Gift 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. Thomas & Heather Ludlow 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ludlow Trustee | 5 | $0 | |
Heather Ludlow Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $21 |
| Dividends & Interest | $120 |
| Net Rental Income | $467 |
| Net Gain on Sale of Assets | $605 |
| Capital Gain Net Income | $605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,654 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,903 |
| Total operating and administrative expenses | $25,557 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $29,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,091 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $260,776 |
| 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 | $35,337 |
| Total liabilities | $35,337 |
Grants Awarded
Over the last fiscal year, Thomas & Heather Ludlow Family Foundation has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST PURPOSE: CONTRIBUTION TO GENERAL FUND | $2,000 |
HANDS FOR AN AFRICAN CHILD PURPOSE: CONTRIBUTION TO GENERAL FUND | $2,000 |