E L And B G Lightfoot Foundation
- Assets
- $25.4m
- Revenue
- $1.1m
- Investments
- $24.3m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1993
- Data as of
- 02/2023
- EIN
- 82-0454166
Organization Overview
E L And B G Lightfoot Foundation is located in Milwaukee, WI. The organization was established in 1993. 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. E L And B G Lightfoot Foundation 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 02/2023, E L And B G Lightfoot Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.3m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, E L And B G Lightfoot Foundation has awarded 830 individual grants totaling $9,399,698. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 0 | $206,657 | |
Sydney L Mitchell Char. Commit | 0 | $0 | |
Maureen L Howe Char. Commit | 0 | $0 | |
Aaron Mitchell Char. Commit | 0 | $0 | |
Nicole Mitchell Char. Commit | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,421 |
| Dividends & Interest | $757,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $312,895 |
| Capital Gain Net Income | $312,895 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $856 |
| Total Revenue | $1,075,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,657 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206,766 |
| Total operating and administrative expenses | $446,811 |
| Contributions, gifts, grants paid | $1,855,775 |
| Total expenses and disbursements | $2,302,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,120,283 |
| 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 | $24,257,103 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,377,386 |
| 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, E L And B G Lightfoot Foundation has awarded $1,855,775 in support to 166 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES AGAINST FAMILY VIOLENCE I PURPOSE: GRANT | $16,745 |
ALABOOSI ASMAA PURPOSE: SCHOLARSHIP | $4,000 |
ALAINZ FAITH A PURPOSE: SCHOLARSHIP | $4,000 |
ALCARAZ JESUS PURPOSE: SCHOLARSHIP | $2,000 |
ALVAREZ BRAYAN PURPOSE: SCHOLARSHIP | $1,000 |
AMERICAN RED CROSS PURPOSE: GRANT | $50,000 |