Carlson Family Lightshield Foundation
- Assets
- $4.8m
- Revenue
- $189.2k
- Investments
- $4.5m
- Employees
- 0
- Location
- Elk River, MN
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-4534853
Organization Overview
Carlson Family Lightshield Foundation is located in Elk River, MN. The organization was established in 2019. 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. Carlson Family Lightshield 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 12/2023, Carlson Family Lightshield Foundation generated $189.2k 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 (48.0%) each year. All expenses for the organization totaled $433.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carlson Family Lightshield Foundation has awarded 87 individual grants totaling $1,693,630. 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 |
|---|---|---|---|
Christopher D Carlson President & Director | 1 | $0 | |
Debra L Carlson Vice President & Director | 1 | $0 | |
Taylor G Schroer Treasurer & Director | 1 | $0 | |
Andrew C Carlson Secretary & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,500 |
| Interest on Savings | $635 |
| Dividends & Interest | $84,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,394 |
| Capital Gain Net Income | $94,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $45 |
| Taxes | $12,631 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,987 |
| Total operating and administrative expenses | $52,943 |
| Contributions, gifts, grants paid | $380,900 |
| Total expenses and disbursements | $433,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,383 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,790,935 |
| 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, Carlson Family Lightshield Foundation has awarded $380,900 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BIG LAKE COMMUNITY FOOD SHELF PURPOSE: GENERAL SUPPORT | $12,500 |
CAER FOOD SHELF AKA COMMUNITY AID ELK RIVER PURPOSE: KIDZ KITZ | $12,500 |
GATEWAY CHURCH PURPOSE: GENERAL SUPPORT | $150,000 |
MN ADULT TEEN CHALLENGE PURPOSE: GENERAL SUPPORT, COVID RELIEF & LAKESIDE ENTRY ARCH SUPPORT | $40,000 |
THUMBS UP HIGH PURPOSE: GENERAL SUPPORT | $5,000 |
ALL NATIONS NEW LIFE PURPOSE: GENERAL SUPPORT | $25,000 |