Luther Family Foundation Inc
- Assets
- $2.1m
- Revenue
- $184.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 10/1998
- Data as of
- 04/2022
- EIN
- 65-0778968
Organization Overview
Luther Family Foundation Inc is located in Vero Beach, 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. Luther 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 04/2022, Luther Family Foundation Inc generated $184.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $116.3k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Luther Family Foundation Inc has awarded 158 individual grants totaling $640,335. 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 |
|---|---|---|---|
Nancy R Luther Vice President | 1 | $0 | |
Jennifer L Langston Asst. Treasurer | 0 | $0 | |
John M Luther President | 1 | $0 | |
Kristin L Lockwood Secretary | 0 | $0 | |
Lindsay L Brandenburg Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,125 |
| Capital Gain Net Income | $114,125 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $184,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $10,814 |
| Contributions, gifts, grants paid | $105,515 |
| Total expenses and disbursements | $116,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133 |
| Savings and temporary cash investments | $32,296 |
| 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 | $221,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,125,405 |
| 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, Luther Family Foundation Inc has awarded $105,515 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, WY PURPOSE: FURTHER CHARITABLE PURPOSE | $20,500 |
MERCER UNIVERSITY PURPOSE: FURTHER CHARITABLE PURPOSE | $18,515 |
Johns Island, SC PURPOSE: FURTHER CHARITABLE PURPOSE | $8,500 |
ST EDWARD'S SCHOOL PURPOSE: FURTHER CHARITABLE PURPOSE | $8,000 |
Bowling Green, KY PURPOSE: FURTHER CHARITABLE PURPOSE | $6,000 |
THE MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH PURPOSE: FURTHER CHARITABLE PURPOSE | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
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 |