Lockhart Vaughan Foundation Inc
- Assets
- $38.7m
- Revenue
- $542.1k
- Investments
- $38.0m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/1991
- Data as of
- 12/2022
- EIN
- 52-1693184
Organization Overview
Lockhart Vaughan Foundation Inc is located in Baltimore, MD. The organization was established in 1991. 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. Lockhart Vaughan 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 12/2022, Lockhart Vaughan Foundation Inc generated $542.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lockhart Vaughan Foundation Inc has awarded 431 individual grants totaling $10,790,863. 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 |
|---|---|---|---|
Kate Rawson Powell Secretary/treasurer/ed | 24 | $83,180 | |
Susan Baker Powell Trustee | 1 | $0 | |
Julia B Schnupp Trustee | 1 | $0 | |
Benjamin M Baker III Trustee | 1.5 | $0 | |
Brentnall M Powell Trustee | 1.5 | $0 | |
Julia P O'brien Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $655,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$127,905 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,838 |
| Total Revenue | $542,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,180 |
| Other employee salaries and wages | $29,257 |
| Pension plans, employee benefits | $2,734 |
| Interest | $0 |
| Taxes | $195,637 |
| Depreciation | $0 |
| Occupancy | $3,034 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,619 |
| Total operating and administrative expenses | $414,671 |
| Contributions, gifts, grants paid | $1,897,000 |
| Total expenses and disbursements | $2,311,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,556 |
| Savings and temporary cash investments | $507,227 |
| 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 | $36,184,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,681,612 |
| 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, Lockhart Vaughan Foundation Inc has awarded $1,897,000 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: ENVIRONMENT: CLIMATE CHANGE: SOLAR PANEL ARRAY. | $128,000 |
BRISTOL COMMUNITY COLLEGE PURPOSE: ENVIRONMENT: CLIMATE CHANGE. | $74,000 |
ARCHDIOCESE OF BALTIMORE PURPOSE: EDUCATION: PROMOTE SCHOOL CHOICE FOR BALTIMORE STUDENTS AND PARENTS. | $60,000 |
TEACH FOR AMERICA - BALTIMORE PURPOSE: EDUCATION: SUPPORT THE RECRUITMENT, TRAINING OF ABLE INSTRUCTIONAL LEADERS FOR PUBLIC SCHOOLS. | $60,000 |
Baltimore, MD PURPOSE: EDUCATION: PROMOTE SCHOOL CHOICE FOR BALTIMORE STUDENTS AND PARENTS. | $50,000 |
Annapolis, MD PURPOSE: ENVIRONMENT: SUPPORT EFFORTS TO IMPROVE THE CHESAPEAKE BAY AND ITS WATERSHEDS IN BALTIMORE. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |