Lundstrum Family Foundation Inc
- Assets
- $171.0k
- Revenue
- $24.3k
- Investments
- $169.4k
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-2905490
Organization Overview
Lundstrum Family Foundation Inc is located in Springdale, AR. The organization was established in 2020. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lundstrum Family Foundation Inc 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, Lundstrum Family Foundation Inc generated $24.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.3%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Lundstrum President | 0 | $0 | |
Robin D Lundstrum Vice Preside | 0 | $0 | |
Jacob Lively Director | 0 | $0 | |
Mary Grace Lively Secretary | 0 | $0 | |
London Lundstrum Director | 0 | $0 | |
David Lundstrum Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $2,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,035 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,672 |
| Total Revenue | $24,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188 |
| Total operating and administrative expenses | $3,741 |
| Contributions, gifts, grants paid | $7,450 |
| Total expenses and disbursements | $11,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,655 |
| 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 | $162,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,013 |
| 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, Lundstrum Family Foundation Inc has awarded $7,450 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION HOUSE PURPOSE: CHARITABLE | $5,000 |
INTO THE LIGHT PURPOSE: CHARITBLE | $1,100 |
Little Rock, AR PURPOSE: CHARITABLE | $1,100 |
CHI ALPHA CAMPUS MINISTRIES PURPOSE: CHARITABLE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |