Lothenbach Family Foundation
- Assets
- $10.7m
- Revenue
- -$109.4k
- Investments
- $10.5m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 81-4309433
Organization Overview
Lothenbach Family Foundation is located in Wayzata, MN. 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. Lothenbach 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.
Since 2017, Lothenbach Family Foundation has awarded 38 individual grants totaling $2,733,060. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $115,085 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$224,871 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $380 |
| Total Revenue | -$109,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $71 |
| Taxes | $31,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,753 |
| Total operating and administrative expenses | $70,006 |
| Contributions, gifts, grants paid | $605,000 |
| Total expenses and disbursements | $675,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $149,471 |
| 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 | $2,006,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,654,374 |
| Accounts payable and accrued expenses | $110 |
| 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 | $9,945 |
| Total liabilities | $10,055 |
Grants Awarded
Over the last fiscal year, Lothenbach Family Foundation has awarded $605,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MORNING GLORY MONTESSORI PURPOSE: GENERAL SUPPORT | $50,000 |
FIREFIGHTERS FOR HEALING PURPOSE: GENERAL SUPPORT | $80,000 |
MAYO CLINIC DEPARTMENT OF DEVELOPMENT PURPOSE: GENERAL SUPPORT | $50,000 |
CENTER FOR CENTRAL AMERICAN EMPOWERMENT PURPOSE: GENERAL SUPPORT | $20,000 |
HOUSE OF REFUGE OUTREACH TWIN CITIES PURPOSE: GENERAL SUPPORT | $15,000 |
HORSES FOR MENTAL HEALTH PURPOSE: GENERAL SUPPORT | $70,000 |