Lucky Corner Foundation
- Assets
- $1.1m
- Revenue
- $205.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Salem, OR
- Founding
- Data as of
- 12/2022
- EIN
- 84-3959129
Organization Overview
Lucky Corner Foundation is located in Salem, OR. 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. Lucky Corner 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, Lucky Corner Foundation generated $205.7k 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 (13.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Douglas President | 1 | $0 | |
Sharon Douglas Secretary | 1 | $0 | |
Kelly Douglas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $189,155 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94 |
| Capital Gain Net Income | $94 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,444 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $980 |
| Total operating and administrative expenses | $26,518 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $51,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,360 |
| 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 | $1,059,001 |
| 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 | $32,535 |
| Total liabilities | $32,535 |
Grants Awarded
Over the last fiscal year, Lucky Corner Foundation has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL FUTBOL CLUB PURPOSE: TO USE SOCCER AS A TOOL TO MENTOR AND TEACH YOUTH, HELPING THEM DEVELOP THE TOOLS AND SKILLS THEY NEED TO BE SUCCESSFUL, BOTH ON AND OFF THE FIELD. | $5,000 |
UNION GOSPEL MISSION PURPOSE: HELPING MEN, WOMEN, AND CHILDREN BREAK FREE FROM HOMELESSNESS THROUGH THE TRANSFORMING GRACE OF JESUS CHRIST. | $7,500 |
MARION POLK FOOD SHARE PURPOSE: TO BRING TOGETHER PEOPLE TO END HUNDER AND ITS ROOT CAUSES. | $7,500 |
HOPE STATION COMMUNIITY SERVICES INC PURPOSE: TO SUPPORT WORKING INIDIVIDUALS IN NEED BY PROVIDING GROCERY PRODUCTS, CLOTHING AND EDUCATIONAL CLASSES. | $5,000 |