Lonza L Rush Tes Tr
- Assets
- $1.1m
- Revenue
- $74.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/1991
- Data as of
- 02/2024
- EIN
- 54-6138578
Organization Overview
Lonza L Rush Tes Tr is located in Richmond, VA. The organization was established in 1991. 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. Lonza L Rush Tes Tr 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 02/2024, Lonza L Rush Tes Tr generated $74.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $73.7k during the year ending 02/2024. While expenses have increased by 0.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lonza L Rush Tes Tr has awarded 64 individual grants totaling $366,043. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,981 |
| Capital Gain Net Income | $42,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,023 |
| Total Revenue | $74,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,638 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,620 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,111 |
| Total operating and administrative expenses | $17,869 |
| Contributions, gifts, grants paid | $55,783 |
| Total expenses and disbursements | $73,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,910 |
| 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 | $416,289 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,070,793 |
| 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, Lonza L Rush Tes Tr has awarded $55,783 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
RANDOLPH-MACON COLLEGE FBO C PHILLIPS PURPOSE: SCHOLARSHIP | $6,896 |
RANDOLPH MACON COLLEGE FBO M MOODY PURPOSE: SCHOLARSHIP | $2,881 |
ROANOKE COLLEGE FBO ANGELINA NAVARATNAM PURPOSE: SCHOLARSHIP | $7,693 |
HOLLINS UNIVERSITY FBO LIDIA SOLO MINTER PURPOSE: SCHOLARSHIP | $6,850 |
HOLLINS UNIVERSITY FBO HALEY DEYOUNG PURPOSE: SCHOLARSHIP | $6,389 |
SWEET BRIAR COLLEGE FBO KENALL COMPTON PURPOSE: SCHOLARSHIP | $5,712 |