Lookout Foundation
- Assets
- $275.7k
- Revenue
- $116.4k
- Investments
- $419.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 56-2173641
Organization Overview
Lookout Foundation is located in Greensboro, NC. The organization was established in 2000. 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. Lookout 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 06/2022, Lookout Foundation generated $116.4k in total revenue. All expenses for the organization totaled $60.6k during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 2 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 2021, Lookout Foundation has awarded 24 individual grants totaling $117,432. 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 |
|---|---|---|---|
Steve C Hassenfelt President/tr | 0 | $0 | |
Pamela H Hassenfelt Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $506 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,923 |
| Capital Gain Net Income | $112,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,429 |
| 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 | $1,189 |
| Total operating and administrative expenses | $2,164 |
| Contributions, gifts, grants paid | $58,432 |
| Total expenses and disbursements | $60,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,301 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $275,720 |
| 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, Lookout Foundation has awarded $58,432 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OUTWARD BOUND USA PURPOSE: TO ASSIST THE ORG WITH THEIR MISSION | $732 |
THE SALVATION ARMY PURPOSE: TO ASSIST THE ORG WITH THEIR MISSION | $2,500 |
BIG EQUITY FOUNDATION PURPOSE: TO ASSIST THE ORG WITH THEIR MISSION | $2,500 |
PEAK ADVENTURE MINISTRIES PURPOSE: TO ASSIST THE ORG WITH THEIR MISSION | $1,000 |
CAROLINA CAY MARITIME FOUNDATION PURPOSE: TO ASSIST THE ORG WITH THEIR MISSION | $1,700 |
GREENSBORO DAY SCHOOL PURPOSE: TO ASSIST ORG WITH THEIR MISSION | $50,000 |