Lucius E Burch Iii Family Foundation
- Assets
- $3.6m
- Revenue
- $11.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 12/1997
- Data as of
- 06/2024
- EIN
- 62-1675760
Organization Overview
Lucius E Burch Iii Family Foundation is located in Nashville, TN. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lucius E Burch Iii Family 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 06/2024, Lucius E Burch Iii Family Foundation generated $11.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $22.3k during the year ending 06/2024. 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 |
|---|---|---|---|
Lucius E Burch III Chairman/trustee | 1 | $0 | |
Lucius E Burch IV Trustee/director | 1 | $0 | |
Vance Derryberry Trustee/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,012 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174 |
| Total operating and administrative expenses | $10,266 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $22,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $212,047 |
| 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 | $3,605,341 |
| 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, Lucius E Burch Iii Family Foundation has awarded $59,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LEUKEMIA & LYMPHOMA SOCIETY INC PURPOSE: IN SUPPORT OF SOY NASHVILLE | $5,000 |
MONTGOMERY BELL ACADEMY PURPOSE: CAPITAL CAMPAIGN/ANNUAL FUND | $39,000 |
NASHVILLE ENTREPRENEUR CENTER PURPOSE: DESIGNATED FOR THE MCWHORTER CIRCLE | $10,000 |
THE ABILITY EXPERIENCE PURPOSE: IN HONOR OF PI KAPPA PHI FRATERNITY | $5,000 |