Lockton Cares Inc
- Assets
- $922.6k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 41-2113872
Organization Overview
Lockton Cares Inc is located in Kansas City, MO. The organization was established in 2004. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Lockton Cares 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, Lockton Cares Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 71.3% each year . All expenses for the organization totaled $712.1k during the year ending 12/2023. While expenses have increased by 41.6% per year over the past 5 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 2020, Lockton Cares Inc has awarded 87 individual grants totaling $1,691,427. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING EMPLOYEES OF LOCKTON COMPANIES INC WHO ARE EXPERIENCING ECONOMIC HARDSHIP DUE TO NATURAL OR CIVIL DISASTER OR OTHER EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ASSISTANCE TO EMPLOYEES OF LOCKTON COMPANIES, INC. AND ITS AFFILIATES WHO WERE SUFFERING ECONOMIC HARDSHIP DUE TO NATURAL OR CIVIL DISASTER, DEATH IN THE FAMILY, UNUSUAL MEDICAL EXPENSES FROM SEVERE ILLNESS OR ACCIDENT OR OTHER HARDSHIP. THIS ASSISTANCE INCLUDED LOANS AND OUTRIGHT GRANTS TO EMPLOYEES. OUTSTANDING LOANS AT THE BEGINNING OF 2023 WERE $1,079. ONE NEW LOAN FOR $7,800 WAS MADE IN 2023. PAYMENTS ON LOANS OF $1,040 WERE RECEIVED IN 2023. OUTSTAND- ING LOANS AT THE END OF 2023 WERE $7,164. THE ORGANIZATION MADE HARDSHIP GRANTS TO MULTIPLE INDIVIDUALS IN 2023. THE ORGANIZATION ALSO PROVIDED GRANTS TO VARIOUS CHARITIES, ESPECIALLY THOSE FOCUSED ON DISASTER RELIEF AND OTHER EFFORTS TO IMPROVE COMMUNITIES.
THE ORGANIZATION'S FUNDRAISING EVENTS GENERATED $253,885 IN REVENUE. DIRECT EXPENSES FOR THE FISHING DERBY WERE $143,306. DREAM ON 3 AND WISH SLAM EVENTS WERE ALSO BEGUN IN 2024. THESE EVENTS GENERATED $4,500 AND $22,000 IN REVENUE, RESPECTIVELY. DIRECT EXPENSES FOR THESE EVENTS WERE $14,683 AND $5,483, RESPECTIVELY. THE ORGANIZATION MADE GRANTS TO MULTIPLE CHARITABLE ORGANIZATIONS FROM THE PROCEEDS FROM THESE EVENTS. THE AMOUNT OF THESE GRANTS IS INCLUDED IN THE GRANTS DESCRIBED IN SECTION 4(A).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Humphrey III Director And Secretary | OfficerTrustee | $0 | |
Zachary Skinner Dir And Asst Sec | OfficerTrustee | $0 | |
Troy R Cook Director And Treas | OfficerTrustee | $0 | |
Jessica Clark Asst Treas | Officer | $0 | |
Marshall Lockton Dir And Pres | Trustee | $0 | |
Julie Gibson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $253,885 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,267,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,521,592 |
| Total Program Service Revenue | $0 |
| Investment income | $8,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$163,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,367,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $598,468 |
| Grants and other assistance to domestic individuals. | $110,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,106 |
| Total functional expenses | $712,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,805 |
| Savings and temporary cash investments | $205,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,164 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $922,603 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $922,603 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $922,603 |
Grants Awarded
Over the last fiscal year, Lockton Cares Inc has awarded $576,315 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: Disaster Relief | $28,395 |
BROOKS SCHOOL FOUNDATION PURPOSE: Community Impact | $6,795 |
CAMO TO COLLEGE PURPOSE: Community Impact | $25,000 |
CATCH UP AND READ PURPOSE: Community Impact | $10,000 |
CHILDREN'S MERCY HOSPITAL PURPOSE: Community Impact | $25,000 |
COMMUNITIES FOUNDATION OF PURPOSE: Community Impact | $30,000 |