Lockheed Martin Employee Charity Fund
- Assets
- $142.8k
- Revenue
- $223.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 75-2528901
Organization Overview
Lockheed Martin Employee Charity Fund is located in Dallas, TX. The organization was established in 1994. 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. Lockheed Martin Employee Charity Fund 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, Lockheed Martin Employee Charity Fund generated $223.0k 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 (7.3%) each year. All expenses for the organization totaled $222.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lockheed Martin Employee Charity Fund has awarded 313 individual grants totaling $2,458,920. 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 |
|---|---|---|---|
Robert Brown Director | 2 | $0 | |
Jeffrey Hall Director | 2 | $0 | |
Michael Craig Vanbebber Sec./dir. | 2 | $0 | |
Hannah Stone Vp/treas/dir | 2 | $0 | |
Robert Saxer Pres/dir. | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $222,875 |
| Interest on Savings | $122 |
| 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 | $222,997 |
| 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 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $134 |
| Total operating and administrative expenses | $136 |
| Contributions, gifts, grants paid | $222,700 |
| Total expenses and disbursements | $222,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,759 |
| 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 | $142,759 |
| 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, Lockheed Martin Employee Charity Fund has awarded $222,700 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Plano, TX PURPOSE: TO PROVIDE FOOD FOR THE NEEDY | $50,000 |
Grand Prairie, TX PURPOSE: TO PROVIDE GENERAL SUPPORT | $20,000 |
Arlington, TX PURPOSE: TO PROVIDE GENERAL SUPPORT | $20,000 |
Arlington, TX PURPOSE: TO PROVIDE GENERAL SUPPORT | $17,500 |
BRIGHTER TOMORROWS SHELTER PURPOSE: TO PROVIDE GENERAL SUPPORT | $17,500 |
VISITING NURSES ASSOCIATION DALLAS PURPOSE: TO PROVIDE GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lockheed Martin Employee Charity Fund has recieved totaling $200,744.
| Awarding Organization | Amount |
|---|---|
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $139,452 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $34,053 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $14,190 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $13,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |