Lightner Sams Foundation Inc
- Assets
- $10.5m
- Revenue
- $308.0k
- Investments
- $10.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 75-2555622
Organization Overview
Lightner Sams Foundation Inc is located in Wilmington, DE. 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. Lightner Sams 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 12/2023, Lightner Sams Foundation Inc generated $308.0k 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 (32.3%) each year. All expenses for the organization totaled $687.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lightner Sams Foundation Inc has awarded 235 individual grants totaling $3,337,324. 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 |
|---|---|---|---|
Charles Derek Adleta Dir, Trustee, Sec, Treas | 6 | $19,200 | |
Kristin Lightner Dir, Trustee | 4 | $2,000 | |
Larry F Lightner Pres, Trustee | 6 | $24,000 | |
Robin H Lightner Trustee | 1 | $0 | |
Sue B Lightner Dir, Trustee, VP | 6 | $0 | |
Kamala A Lightner-Scammahorn Dir, Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Dallas Securities | 12/30/18 | $81,143 |
Rim Securities | 12/30/18 | $66,938 |
Foundation Source | 12/30/18 | $51,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,909 |
| Dividends & Interest | $311,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,487 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,565 |
| Total Revenue | $308,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,200 |
| Other employee salaries and wages | $9,600 |
| Pension plans, employee benefits | $6,776 |
| Interest | $0 |
| Taxes | $9,108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,155 |
| Total operating and administrative expenses | $231,545 |
| Contributions, gifts, grants paid | $455,500 |
| Total expenses and disbursements | $687,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $250,310 |
| 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 | $221,577 |
| Total assets | $10,484,938 |
| 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, Lightner Sams Foundation Inc has awarded $455,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER-SCHOOL ALL-STARS PURPOSE: DISD/SPENCE MIDDLE SCHOOL AFTER SCHOOL PROGRAMMING | $10,000 |
AIDS INTERFAITH NETWORK INC PURPOSE: DAIRE MEALS PROGRAM | $15,000 |
ASSOCIATION OF SMALL FOUNDATIONS DBA EXPONENT PHIL PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
CAMILLE PLAYERS INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
BRAIN INJURY NETWORK OF DALLAS PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
CHILDRENS MEDICAL CENTER FOUNDATION PURPOSE: MENTAL HEALTH SERVICES AT THE REES-JONES CENTER FOR FOSTER CARE EXCELLENCE | $15,000 |