Luther A Sizemore Foundation Inc
- Assets
- $200.8k
- Revenue
- $43.5k
- Investments
- $117.4k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 01/1977
- Data as of
- 12/2023
- EIN
- 51-0206540
Organization Overview
Luther A Sizemore Foundation Inc is located in Albuquerque, NM. The organization was established in 1977. 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. Luther A Sizemore 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 12/2023, Luther A Sizemore Foundation Inc generated $43.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $47.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Luther A Sizemore Foundation Inc has awarded 133 individual grants totaling $179,749. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Abel Assistant Se | 5 | $3,000 | |
Robert J Rey President | 2 | $4,800 | |
Patrick K Abel Vice Preside | 18 | $12,600 | |
Ellen Abel Secretary/tr | 18 | $12,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,598 |
| Dividends & Interest | $3,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,168 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $76 |
| Printing and publications | $0 |
| Other expenses | $2,205 |
| Total operating and administrative expenses | $37,449 |
| Contributions, gifts, grants paid | $9,550 |
| Total expenses and disbursements | $46,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,458 |
| 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 | $102,274 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $200,827 |
| 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, Luther A Sizemore Foundation Inc has awarded $9,550 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS CANCER FUND OF PURPOSE: RELIEF | $500 |
CONGREGATION ALBERT ECC PURPOSE: EDUCATIONAL | $2,250 |
DISABLED VETERANS NM PURPOSE: RELIEF | $500 |
GOOD SHEPHERD CENTER PURPOSE: RELIEF | $750 |
JOY JUNCTION PURPOSE: RELIEF | $750 |
LANDMARK MUSICALS PURPOSE: EDUCATIONAL | $650 |