Lincoln-Lane Foundation
- Assets
- $5.1m
- Revenue
- $237.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 02/1955
- Data as of
- 07/2022
- EIN
- 54-0601700
Organization Overview
Lincoln-Lane Foundation is located in Norfolk, VA. The organization was established in 1955. 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. Lincoln-Lane Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edith G Grandy Sec./trea. | 0 | $92,004 | |
Patricia J Shotton Director | 0 | $3,800 | |
C Wiley Grandy Director | 0 | $3,800 | |
Madison Acra Director | 0 | $3,800 | |
John M Ankerson President | 0 | $3,800 | |
Walter M Moore IV V/p | 0 | $3,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350 |
| Interest on Savings | $2 |
| Dividends & Interest | $125,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,468 |
| Capital Gain Net Income | $111,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $237,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $111,004 |
| Other employee salaries and wages | $41,900 |
| Pension plans, employee benefits | $10,244 |
| Interest | $0 |
| Taxes | $9,063 |
| Depreciation | $0 |
| Occupancy | $10,860 |
| Travel, conferences, and meetings | $684 |
| Printing and publications | $5,719 |
| Other expenses | $3,964 |
| Total operating and administrative expenses | $225,815 |
| Contributions, gifts, grants paid | $248,750 |
| Total expenses and disbursements | $474,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,869 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,070 |
| Total assets | $5,078,585 |
| 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 |
Peer Organizations
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|---|---|---|
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Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |