David Lord Charitable Foundation
- Assets
- $431.1k
- Revenue
- $580.2k
- Investments
- $370.8k
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-2426404
Organization Overview
David Lord Charitable Foundation is located in Ann Arbor, MI. 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. David Lord Charitable 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 12/2022, David Lord Charitable Foundation generated $580.2k in total revenue. All expenses for the organization totaled $49.8k during the year ending 12/2022. While expenses have increased by 61.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lord Founder | 1 | $0 | |
Richard Lord Treasurer | 1 | $0 | |
Charles Lord Board Member | 1 | $0 | |
Edith Lord Wolff Board Member | 1 | $0 | |
Craig Vandermolen Board Member | 1 | $0 | |
Devanie Hopfenbeck Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $298,177 |
| Interest on Savings | $70 |
| Dividends & Interest | $4,026 |
| Net Rental Income | $47,892 |
| Net Gain on Sale of Assets | $230,030 |
| Capital Gain Net Income | $230,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $580,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,649 |
| Total operating and administrative expenses | $19,767 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $49,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,718 |
| Savings and temporary cash investments | $0 |
| 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 | $175,939 |
| Net Land, buildings, and equipment | $6,511 |
| Other assets | $0 |
| Total assets | $431,078 |
| 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, David Lord Charitable Foundation has awarded $45,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PIKES PEAK COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING GRANT | $5,000 |
INNOVATIONS IN AGING COLLABORATIVE 2 PURPOSE: GENERAL OPERATING GRANT | $25,000 |
PIKES PEAK COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING GRANT | $5,000 |
PIKES PEAK COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING GRANT | $5,000 |
PIKES PEAK COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING GRANT | $5,000 |