Marybeth M Lamb Foundation Inc
- Assets
- $1.0m
- Revenue
- $120.7k
- Investments
- $667.8k
- Employees
- 0
- Location
- Reno, NV
- Founding
- 02/2003
- Data as of
- 05/2024
- EIN
- 36-4518327
Organization Overview
Marybeth M Lamb Foundation Inc is located in Reno, NV. The organization was established in 2003. 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. Marybeth M Lamb 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 05/2024, Marybeth M Lamb Foundation Inc generated $120.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $188.2k during the year ending 05/2024. While expenses have increased by 0.1% per year over the past 4 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.
Since 2021, Marybeth M Lamb Foundation Inc has awarded 33 individual grants totaling $332,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A - THE ACTIVITIES OF THE FOUNDATION ARE LIMITED SOLELY TO GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Petersen President | 5 | $38,372 | |
Gayle Petersen Secretary | 3 | $16,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,990 |
| Dividends & Interest | $30,397 |
| Net Rental Income | $22,923 |
| Net Gain on Sale of Assets | $36,951 |
| Capital Gain Net Income | $36,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,473 |
| Other employee salaries and wages | $4,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,721 |
| Depreciation | $11,269 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,805 |
| Total operating and administrative expenses | $113,214 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $188,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,848 |
| Savings and temporary cash investments | $47,578 |
| 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 | $220,958 |
| Investments—mortgage loans | $0 |
| Investments—other | $488,429 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,020,138 |
| 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, Marybeth M Lamb Foundation Inc has awarded $75,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL SUPPORT | $5,000 |
CANINE REHABILITATION CENTER SANCTUARY PURPOSE: GENERAL SUPPORT | $10,000 |
BOYS & GIRLS CLUB TRUCKEE MEADOWS PURPOSE: GENERAL SUPPORT | $10,000 |
BOYS & GIRLS CLUB MASON VALLEY PURPOSE: GENERAL SUPPORT | $10,000 |
CARE CHEST OF NEVADA PURPOSE: GENERAL SUPPORT | $5,000 |
FOOD BANK OFD NORTHERN NEVADA PURPOSE: GENERAL SUPPORT | $5,000 |