Lincoln-Lane Foundation
- Assets
- $4.8m
- Revenue
- $137.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 02/1955
- Data as of
- 07/2023
- 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 |
|---|---|---|---|
John M Ankerson President | 0 | $3,800 | |
Walter M Moore IV V/p | 0 | $3,800 | |
Patricia J Shotton Director | 0 | $3,800 | |
Madison Acra Director | 0 | $3,800 | |
C Wiley Grandy Director | 0 | $3,800 | |
Edith G Grandy Sec./trea. | 0 | $92,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400 |
| Interest on Savings | $18 |
| Dividends & Interest | $141,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,924 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $137,475 |
| 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 | $1,120 |
| Depreciation | $0 |
| Occupancy | $11,158 |
| Travel, conferences, and meetings | $1,020 |
| Printing and publications | $5,036 |
| Other expenses | $3,485 |
| Total operating and administrative expenses | $214,447 |
| Contributions, gifts, grants paid | $241,876 |
| Total expenses and disbursements | $456,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,769 |
| 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 | $4,400 |
| Other assets | $1,747 |
| Total assets | $4,763,682 |
| Accounts payable and accrued expenses | $3,945 |
| 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 | $3,945 |