Lba Foundation
- Assets
- $112.9k
- Revenue
- $32.8k
- Investments
- $50.0k
- Employees
- 0
- Location
- Apex, NC
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4438804
Organization Overview
Lba Foundation is located in Apex, NC. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Lba 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, Lba Foundation generated $32.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.5%) each year. All expenses for the organization totaled $351.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (75.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Bunce II President; D | 0 | $0 | |
Elizabeth Bunce Ex-Officio D | 0 | $0 | |
Allison Bunce Ex-Officio D | 0 | $0 | |
Gail E Bunce Vp, Secretar | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Other Income | $2,825 |
| Total Revenue | $32,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $351 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,861 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $112,861 |
| 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, Lba Foundation has awarded $120,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLES NEST - OUTDOOR ACADEMY PURPOSE: BUILDING FUND | $25,000 |
EAGLES NEST - OUTDOOR ACADEMY PURPOSE: BUILDING FUND | $25,000 |
EAGLES NEST - OUTDOOR ACADEMY PURPOSE: BUILDING FUND | $25,000 |
EAGLES NEST - OUTDOOR ACADEMY PURPOSE: TRUSTEE PLEDGE | $10,000 |
EAGLES NEST - OUTDOOR ACADEMY PURPOSE: TRUSTEE PLEDGE | $10,000 |
EAGLES NEST - OUTDOOR ACADEMY PURPOSE: TRUSTEE PLEDGE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |
Highlands Festivals Inc Highlands, NC | $326,105 | $1,750,969 |