Luck Companies Foundation
- Assets
- $10.5m
- Revenue
- $11.8k
- Investments
- $8.1m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1967
- Data as of
- 12/2022
- EIN
- 54-6064982
Organization Overview
Luck Companies Foundation is located in Richmond, VA. The organization was established in 1967. 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. Luck Companies 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 12/2022, Luck Companies Foundation generated $11.8k 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 (47.3%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luck Companies Foundation has awarded 254 individual grants totaling $2,910,844. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO QUALIFYING PUBLIC CHARITIES AND HAS NO SIGNIFICANT INVOLVEMENT IN ANY DIRECT CHARITABLE ACTIVITY. GRANTS FOR THE YEAR TOTALED $884,878
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles S Luck IV President And Director | 1 | $0 | |
Douglas Dr Palmore Secretary And Director | 1 | $0 | |
Wanda Ortwine Treasurer And Director | 1 | $0 | |
Lisa P Luck Vice President And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,330 |
| Dividends & Interest | $295,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$285,718 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $993 |
| Total Revenue | $11,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,705 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91 |
| Total operating and administrative expenses | $133,330 |
| Contributions, gifts, grants paid | $884,878 |
| Total expenses and disbursements | $1,018,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,367,892 |
| 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 | $10,508,953 |
| 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, Luck Companies Foundation has awarded $884,878 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: MATCHING GIFT-COMMUNITY | $50 |
AMERICAN FOREST FOUNDATION PURPOSE: MATCHING GIFT-COMMUNITY | $50 |
AMERICAN HEART ASSOCIATION PURPOSE: MATCHING GIFT-COMMUNITY | $41 |
BLUE RIDGE AREA FOOD BANK PURPOSE: MATCHING GIFT- COMMUNITY | $75 |
ASK CHILDHOOD CANCER FOUNDATION PURPOSE: MATCHING GIFT-COMMUNITY | $50 |
AMERICAN HEART ASSOCIATION PURPOSE: MATCHING GIFT-COMMUNITY | $30 |