Lormar Foundation
- Assets
- $0.0
- Revenue
- $245.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Ashland, VA
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 86-0840693
Organization Overview
Lormar Foundation is located in Ashland, VA. The organization was established in 1997. 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. Lormar 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 12/2021, Lormar Foundation generated $245.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lormar Foundation has awarded 23 individual grants totaling $1,248,780. 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 |
|---|---|---|---|
Lauren I Sisson Trustee | 1 | $0 | |
Margaret E Ingham Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,067 |
| Interest on Savings | $6 |
| Dividends & Interest | $9,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $232,944 |
| Capital Gain Net Income | $232,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $942 |
| Total Revenue | $245,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $450 |
| Total operating and administrative expenses | $26,454 |
| Contributions, gifts, grants paid | $1,040,000 |
| Total expenses and disbursements | $1,066,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Lormar Foundation has awarded $1,040,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UVA HEALTH FOUNDATION PURPOSE: TO SUPPORT DIABETES RESEARCH | $500,000 |
ARIZONA COWPUNCHER'S CRISIS FUND INC PURPOSE: TO PROVIDE FUNDS AND TO MAKE THOSE FUNDS AVAILABLE TO COWPUNCHERS AND THEIR FAMILIES IN THEIR TIME OF NEED. | $40,000 |
REINS OF LIFE PURPOSE: TO PROVIDE THERAPEUTIC HORSEBACK RIDING TO CHILDREN WITH SPECIAL NEEDS | $250,000 |
GEORGE MARK CHILDRENS HOUSE PURPOSE: TO SUPPORT THE HIGHEST QUALITY OF CARE AND TO MINIMIZE SUFFERING BY ADDRESSING PHYSICAL, EMOTIONAL AND PSYCHOSOCIAL NEEDS | $250,000 |