Lost Tree Village Charitable Foundation Inc
- Assets
- $15.3m
- Revenue
- $8.6m
- Investments
- $565.0k
- Employees
- 4
- Location
- North Palm Beach, FL
- Founding
- 07/1981
- Data as of
- 06/2022
- EIN
- 59-2104920
Organization Overview
Lost Tree Village Charitable Foundation Inc is located in North Palm Beach, FL. The organization was established in 1981. 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. As of 06/2022, Lost Tree Village Charitable Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Tree Village Charitable 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 06/2022, Lost Tree Village Charitable Foundation Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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 2015, Lost Tree Village Charitable Foundation Inc has awarded 627 individual grants totaling $29,400,753. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO IMPROVE QUALITY OF LIFE BY BUILDING (CONTINUED ON SCHEDULE O) A STRONGER LOCAL COMMUNITY THROUGH THE PROCESS OF GRANTING FUNDS TO 501 (C) (3) HEALTH AND HUMAN SERVICE ORGANIZATIONS, WHICH PROVIDE SERVICES OR AID TO THOSE IN NEED IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED 71 GRANTS TO VARIOUS HUMAN SERVICE AGENCIES THAT WORK TO ADDRESS ISSUES OF HEALTH, HUNGER, HOUSING AND EDUCATION TO BE USED PRIMARILY FOR CAPITAL NEEDS.
THE FOUNDATION'S RIVIERA BEACH LITERACY PROJECT PROVIDED LITERACY SUPPORT, PROFESSIONAL DEVELOPMENT AND COACHING AT EACH OF THE FOUR PUBLIC ELEMENTARY SCHOOLS IN RIVIERA BEACH.
THE FOUNDATION SUPPORTED THE RIVIERA BEACH HEALTH INITIATIVE WHICH SEEKS TO BUILD HEALTHCARE SERVICES CAPACITY, HEALTH LITERACY AND NAVIGATION SERVICES TO PROVIDE OPPORTUNITIES FOR THE BEST POSSIBLE HEALTH OUTCOMES FOR ALL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jillian C Vukusich Executive Director | Officer | 40 | $138,182 |
Atwood Collins III President | OfficerTrustee | 10 | $0 |
Ce Thomas Cleveland Vice President & Secretary | OfficerTrustee | 7 | $0 |
John K Twyman Treasurer | OfficerTrustee | 10 | $0 |
Tina E Mikkelsen Vice President | OfficerTrustee | 7 | $0 |
Elizabeth Chace Vice President | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,158,296 |
| Noncash contributions included in lines 1a–1f | $387,420 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,158,296 |
| Total Program Service Revenue | $0 |
| Investment income | $295,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,615,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,103,703 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,313 |
| Compensation of current officers, directors, key employees. | $13,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,024 |
| Pension plan accruals and contributions | $5,287 |
| Other employee benefits | $5,162 |
| Payroll taxes | $19,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,611 |
| Fees for services: Accounting | $18,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,067 |
| Fees for services: Other | $4,708 |
| Advertising and promotion | $0 |
| Office expenses | $17,926 |
| Information technology | $4,977 |
| Royalties | $0 |
| Occupancy | $13,609 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,492 |
| All other expenses | $10,788 |
| Total functional expenses | $4,553,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,122,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $982,700 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,417 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,473,051 |
| Investments—other securities | $565,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,996 |
| Total assets | $15,307,799 |
| Accounts payable and accrued expenses | $17,231 |
| Grants payable | $337,591 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $354,822 |
| Net assets without donor restrictions | $6,696,893 |
| Net assets with donor restrictions | $8,256,084 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,307,799 |
Grants Awarded
Over the last fiscal year, Lost Tree Village Charitable Foundation Inc has awarded $3,903,733 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Boynton Beach, FL PURPOSE: For fiscal agent services to support the Riviera Beach Literacy Project. | $502,108 |
West Palm Beach, FL PURPOSE: For family practice services at the Greenwood site to increase services available to residents of Riviera Beach. | $353,252 |
Lake Worth, FL PURPOSE: For a refrigerated truck to increase the amount of food delivered to frontline hunger relief agencies. | $145,824 |
West Palm Beach, FL PURPOSE: For roofing at the new location, which will provide a permanent home for the bike donation and job training programs. | $100,000 |
Lake Worth, FL PURPOSE: For much needed elevator renovations at the Towers, which provides affordable housing for seniors. | $100,000 |
West Palm Beach, FL PURPOSE: For a new facility to help nourish and enrich the lives of homebound seniors by delivering fresh food daily with compassion and love. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Lost Tree Village Charitable Foundation Inc has recieved totaling $1,495,474.
| Awarding Organization | Amount |
|---|---|
The Horrigan Family Foundation Darien, CT PURPOSE: BUILDING A STRONGER LOCAL COMMUNITY AND IMPROVING THE QUALITY OF LIFE FOR ALL RESIDENTS | $500,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $157,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $110,450 |
Sue Hostetler & Beau Wrigley Family Foundation Inc Chicago, IL PURPOSE: ANNUAL FUND | $100,000 |
Wonderful Life Foundation West Palm Beach, FL PURPOSE: GENERAL SUPPORT | $100,000 |
Ziegler Family Foundation Inc Brookfield, WI PURPOSE: CHARITABLE | $50,000 |
Endowment Analysis
| Beg. Balance | $1,709,607 |
| Earnings | $46,292 |
| Ending Balance | $1,755,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |