The Lastinger Family Foundation Inc
- Assets
- $10.3m
- Revenue
- $1.8m
- Investments
- $8.8m
- Employees
- 0
- Location
- St Augustine, FL
- Founding
- 06/1998
- Data as of
- 05/2022
- EIN
- 59-3512737
Organization Overview
The Lastinger Family Foundation Inc is located in St Augustine, FL. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lastinger Family 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 05/2022, Lastinger Family Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $1.4m during the year ending 05/2022. While expenses have increased by 16.8% 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 2015, Lastinger Family Foundation Inc has awarded 72 individual grants totaling $6,817,048. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Riggs Executive Dir. | 12 | $24,000 | |
Delores T Lastinger Director | 1 | $0 | |
Lane Lastinger Vice President | 1 | $0 | |
Allen L Lastinger Jr President | 1 | $0 | |
Ryan Riggs Director | 1 | $0 | |
Beth Lastinger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $295 |
| Dividends & Interest | $286,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,505,857 |
| Capital Gain Net Income | $1,505,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,562 |
| Total Revenue | $1,835,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,836 |
| Interest | $16 |
| Taxes | $743 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,806 |
| Total operating and administrative expenses | $137,613 |
| Contributions, gifts, grants paid | $1,250,000 |
| Total expenses and disbursements | $1,387,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,404 |
| Savings and temporary cash investments | $1,432,178 |
| 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 | $1,362,138 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,263,117 |
| 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, The Lastinger Family Foundation Inc has awarded $1,250,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: SUPPORT EDUCATION | $625,000 |
Jacksonville, FL PURPOSE: TO SUPPORT EDUCATION | $300,000 |
ST JOSEPH NEIGHBORHOOD CENTER PURPOSE: TO IMPROVE THE LIVES OF MOTHERS AND CHILDREN | $100,000 |
MAYO CLINIC PURPOSE: TO ENHANCE MEDICAL INNOVATION, COLLABORATION, AND COMMITMENT | $50,000 |
COMMUNITIES IN SCHOOLS OF JACKSONVILLE PURPOSE: SUPPORT EDUCATION | $35,000 |
Brevard, NC PURPOSE: SUPPORT EDUCATION | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |