The Lilac Foundation Corporation
- Assets
- $2.3m
- Revenue
- $77.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Micanopy, FL
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 81-2444780
Organization Overview
The Lilac Foundation Corporation is located in Micanopy, FL. The organization was established in 2018. 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. Lilac Foundation Corporation 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, Lilac Foundation Corporation generated $77.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $258.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lilac Foundation Corporation has awarded 29 individual grants totaling $491,225. 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 |
|---|---|---|---|
Lisa Irwin President | 0.5 | $0 | |
Isaiah Pepper Director | 0.5 | $0 | |
Xochitl St Jacques Smith Director | 0.5 | $0 | |
David Midgett Thru 823 Director | 0 | $0 | |
Pamela Calero Wardell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,911 |
| Dividends & Interest | $48 |
| 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 | $70,000 |
| Total Revenue | $76,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,966 |
| Total operating and administrative expenses | $18,391 |
| Contributions, gifts, grants paid | $240,100 |
| Total expenses and disbursements | $258,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,035,320 |
| Savings and temporary cash investments | $257,603 |
| 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 | $2,292,923 |
| 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, The Lilac Foundation Corporation has awarded $240,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FINE ARTS FOR OCALA PURPOSE: ADVANCEMENT OF THE ARTS | $2,500 |
MARION CULTURAL ALLIANCE PURPOSE: ADVANCEMENT OF THE ARTS | $25,000 |
ARTS IN HEALTH OCALA METRO INC PURPOSE: GENERAL OPERATING EXPENSES | $177,600 |
MARION COUNTY LITERACY COUNCIL PURPOSE: SUPPORT OF LITERACY | $20,000 |
FL DEFENDERS OF THE ENVIRONMENT PURPOSE: SUPPORT OF THE ENVIRONMENT | $5,000 |
OCALA SYMPHONY ORCHESTRA INC PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |