Constance C & Linwood A Lacy Jr Foundation
- Assets
- $7.9m
- Revenue
- $892.9k
- Investments
- $7.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 54-1919627
Organization Overview
Constance C & Linwood A Lacy Jr Foundation is located in Dallas, TX. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Constance C & Linwood A Lacy Jr 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 12/2023, Constance C & Linwood A Lacy Jr Foundation generated $892.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $537.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Constance C & Linwood A Lacy Jr Foundation has awarded 106 individual grants totaling $1,965,000. 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 |
|---|---|---|---|
Linwood A Lacy Jr President | 1 | $0 | |
Constance C Lacy Secretary | 1 | $0 | |
Christopher L Lacy Director | 1 | $0 | |
Bank Of America Agent For Fiduciary | 1 | $66,403 | |
Jackson A Lacy Director | 1 | $0 | |
Kendra M Lacy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $222,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $267,870 |
| Capital Gain Net Income | $267,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,326 |
| Total Revenue | $892,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,403 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $82,826 |
| Contributions, gifts, grants paid | $455,000 |
| Total expenses and disbursements | $537,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $634,209 |
| 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 | $0 |
| Total assets | $7,894,497 |
| 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, Constance C & Linwood A Lacy Jr Foundation has awarded $455,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
GROWTH THROUGH LEARNING PURPOSE: UNRESTRICTED GENERAL | $25,000 |
THE SALVATION ARMY PURPOSE: UNRESTRICTED GENERAL | $30,000 |
THE VANDERBILT-INGRAM CANCER CENTER PURPOSE: UNRESTRICTED GENERAL | $20,000 |
ASK CHILDHOOD CANCER FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $10,000 |
VMFA FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $5,000 |
RICHMOND ANIMAL LEAGUE PURPOSE: UNRESTRICTED GENERAL | $10,000 |