Lmac Foundation Inc
- Assets
- $561.1k
- Revenue
- $51.6k
- Investments
- $491.9k
- Employees
- 0
- Location
- Delaplane, VA
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 54-1965097
Organization Overview
Lmac Foundation Inc is located in Delaplane, VA. The organization was established in 2000. 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. Lmac 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 12/2021, Lmac Foundation Inc generated $51.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $44.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lmac Foundation Inc has awarded 98 individual grants totaling $158,100. 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 |
|---|---|---|---|
Mark L Gerchick Treasurer | 0 | $0 | |
Charles D Koteen Sect'y | 0 | $0 | |
Lisa Koteen Gerchick President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $883 |
| Dividends & Interest | $11,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,645 |
| Capital Gain Net Income | $39,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,797 |
| Total operating and administrative expenses | $6,397 |
| Contributions, gifts, grants paid | $38,100 |
| Total expenses and disbursements | $44,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,318 |
| Savings and temporary cash investments | $27,909 |
| 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 | $491,859 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $561,086 |
| 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, Lmac Foundation Inc has awarded $38,100 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD LAW SCHOOL PURPOSE: CHARITY | $5,000 |
Harpers Ferry, WV PURPOSE: CHARITY | $3,500 |
Washington, DC PURPOSE: CHARITY | $3,000 |
Warrenton, VA PURPOSE: CHARITY | $3,000 |
BRENNAN CENTER PURPOSE: CHARITY | $2,500 |
Silver Spring, MD PURPOSE: CHARITY | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |