Luter Family Foundation
- Assets
- $272.5k
- Revenue
- -$2.9k
- Investments
- $246.8k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- Data as of
- 06/2016
- EIN
- 47-1655226
Organization Overview
Luter Family Foundation is located in Virginia Beach, VA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Luter IV Director/president | 5 | $0 | |
Joseph W Luter III Director/treasurer | 5 | $0 | |
John B O'grady Director/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $127 |
| Dividends & Interest | $4,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,510 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$2,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $6,952 |
| Contributions, gifts, grants paid | $2,283,300 |
| Total expenses and disbursements | $2,290,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,661 |
| 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 | $246,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $272,476 |
| 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, Luter Family Foundation has awarded $2,283,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE FOREST UNIVERSITY PURPOSE: GENERAL | $8,300 |
WASHINGTON AND LEE UNIVERSITY PURPOSE: GENERAL | $100,000 |
TOWN OF SMITHFIELD PURPOSE: SPECIAL PROJECT - BALL FIELDS | $2,150,000 |
PALM BEACH DAY SCHOOL PURPOSE: GENERAL | $25,000 |
View Grant Profile