Lulu Foundation
- Assets
- $151.9k
- Revenue
- $495.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-3555198
Organization Overview
Lulu Foundation is located in Minneapolis, MN. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lulu 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 2018, Lulu Foundation has awarded 176 individual grants totaling $2,084,227. 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 |
|---|---|---|---|
Richard A Erickson President And Director | 1 | $0 | |
Tyler C Erickson Vice President,secretary A | 1 | $0 | |
Lucas C Erickson Vice President,treasurer A | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,535 |
| Interest on Savings | $98 |
| Dividends & Interest | $281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,542 |
| Capital Gain Net Income | $404,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $495,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121 |
| Total operating and administrative expenses | $167 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $350,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,933 |
| 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 | $151,933 |
| 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, Lulu Foundation has awarded $360,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS & MINDS INC PURPOSE: TO SERVE INDIVIDUALS WITH DEMENTIA AND THEIR CARE PARTNERS THROUGH ARTS | $5,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: TO SUPPORT EFFORTS TO END MASS INCARCERATION AND EXCESSIVE PUNISHMENT IN THE UNITED STATES. | $5,000 |
ARTS IGNITE PURPOSE: TO HELP YOUNG PEOPLE DEVELOP AGENCY, BUILD CRITICAL LIFE SKILLS, AND EXPERIENCE THE JOY OF CREATIVE EXPRESSION | $5,000 |
AMERICAN CIVIL LIBERTIES UNION OF MN PURPOSE: TO SUPPORT THE CONSTITUTION DEFENSE FUND | $30,000 |
AEON PURPOSE: TO HELP PROVIDE HOMES TO THOSE WHO NEED THEM. | $10,000 |
EVERYTOWN FOR GUN SAFETY SUPPORT FUND PURPOSE: TO SUPPORT YOUR MISSION OF EDUCATING THE PUBLIC ABOUT GUN VIOLENCE. | $20,000 |