James F Lincoln Arc Welding Foundation
- Assets
- $1.9m
- Revenue
- $788.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1938
- Data as of
- 12/2022
- EIN
- 34-6553433
Organization Overview
James F Lincoln Arc Welding Foundation is located in Cleveland, OH. The organization was established in 1938. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, 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. James F Lincoln Arc Welding 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, James F Lincoln Arc Welding Foundation generated $788.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $74.4k 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
COLLEGE / HIGH SCHOOL AWARDS
2022 ARC WELDING AWARDS
FUTURE FARMERS OF AMERICA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Scales Executive Director | 0 | $0 | |
Carl Peters Board Member | 0 | $0 | |
Leslie S Brown President | 0 | $0 | |
Lori Hurley Secretary | 0 | $0 | |
Lou Mendoza Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,090 |
| Dividends & Interest | $1,576 |
| 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 | $784,414 |
| Other Income | $0 |
| Total Revenue | $788,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,116 |
| Total operating and administrative expenses | $30,283 |
| Contributions, gifts, grants paid | $44,135 |
| Total expenses and disbursements | $74,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,010,535 |
| 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 | $903,843 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,914,378 |
| 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, James F Lincoln Arc Welding Foundation has awarded $44,135 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE HIGH SCHOOL AWARDS PURPOSE: ADVANCEMENT OF ARC WELDING FIELD THROUGH EDUCATION | $27,135 |
FUTURE FARMERS OF AMERICA PURPOSE: ADVANCEMENT OF ARC WELDING FIELD THROUGH EDUCATION | $17,000 |