Lutzie 43 Foundation
- Assets
- $629.2k
- Revenue
- $549.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Marietta, GA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1695036
Organization Overview
Lutzie 43 Foundation is located in Marietta, GA. The organization was established in 2015. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutzie 43 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 12/2021, Lutzie 43 Foundation generated $549.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $440.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LUTZIE 43 FOUNDATION IS TO ENCOURAGE AND EMPOWER YOUNG PEOPLE TO BE POSITIVE AMBASSADORS FOR SAFE DRIVING THROUGH CHARACTER DEVELOPMENT, MENTORSHIP, AND REAL-WORLD APPLICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION CARRIED OUT ITS MISSION BY SPEAKING TO STUDENTS AND YOUNG ADULTS AT HIGH SCHOOLS AND COLLEGES REGARDING POSITIVE CHARACTER BUILDING AND COMMUNITY SERVICE, AWARDING SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS, AND BY LAUNCHING OUR 43 KEY SECONDS CAMPAIGN AIMED AT REDUCING PREVENTABLE FATALITIES ATTRIBUTED TO DISTRACTED AND IMPAIRED DRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lutzenkirchen Executive Dir. | Officer | 35 | $99,640 |
Amy Rowan Director | Trustee | 0 | $0 |
Robert L Penter Director | Trustee | 6 | $0 |
Kimberly B Hudson Director | Trustee | 0.5 | $0 |
Kate Meier Director | Trustee | 0.5 | $0 |
William Mclellan Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,284 |
| Total Program Service Revenue | $0 |
| Investment income | $87 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $194,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,819 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,640 |
| Compensation of current officers, directors, key employees. | $39,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,998 |
| Fees for services: Management | $110,760 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,971 |
| 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 | $1,706 |
| Information technology | $12,411 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,302 |
| 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 | $3,246 |
| All other expenses | $44,248 |
| Total functional expenses | $440,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $629,183 |
| Accounts payable and accrued expenses | $36,095 |
| 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 | $82,870 |
| Total liabilities | $118,965 |
| Net assets without donor restrictions | $510,218 |
| 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 | $629,183 |
Grants Awarded
Over the last fiscal year, Lutzie 43 Foundation has awarded $347,040 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LASSITER HIGH SCHOOL | | | $339,520 |
EAST COBB FCA | | | $7,520 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lutzie 43 Foundation has recieved totaling $95,858.
| Awarding Organization | Amount |
|---|---|
Goizueta Foundation Inc Atlanta, GA PURPOSE: DISCRETIONARY | $75,000 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,284 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ucf Athletic Association Inc Orlando, FL | $37,730,168 | $63,571,976 |
The Early Learning Coalition Of Flagler And Volusia Counties Inc Daytona Beach, FL | $3,038,182 | $37,891,107 |
Dumac Inc Durham, NC | $16,829,525 | $22,034,082 |
National Institute For Excellence In Teaching Nashville, TN | $34,287,957 | $30,387,286 |
Early Learning Coalition Of The Nature Coast Inc Crystal River, FL | $1,875,825 | $17,254,934 |
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Florida Lambdarail Llc Tallahassee, FL | $13,348,492 | $7,717,742 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Usa Research And Technology Corporation Mobile, AL | $22,788,529 | $3,738,277 |
Auburn Research Park I Auburn, AL | $36,466,656 | $3,867,814 |