Robert J Lightner Foundation
- Assets
- $14.5m
- Revenue
- $824.3k
- Investments
- $10.7m
- Employees
- 0
- Location
- Florence, KY
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 61-1130572
Organization Overview
Robert J Lightner Foundation is located in Florence, KY. The organization was established in 1988. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert J Lightner 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 12/2021, Robert J Lightner Foundation generated $824.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $250.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Lightner President/treasurer/direct | 1 | $0 | |
Brian K Lightner Director | 1 | $0 | |
Wesley W Lightner Vice President/secretary/d | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,451 |
| Interest on Savings | $0 |
| Dividends & Interest | $227,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $554,284 |
| Capital Gain Net Income | $608,509 |
| Net ST Capital Gain | $34,336 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $365 |
| Total Revenue | $824,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,141 |
| Depreciation | $125,151 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101,395 |
| Total operating and administrative expenses | $250,586 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $250,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,100 |
| 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 | $2,711,435 |
| Net Land, buildings, and equipment | $3,797,532 |
| Other assets | $0 |
| Total assets | $14,495,236 |
| Accounts payable and accrued expenses | $10,616 |
| 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 | $10,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |