Lift As We Climb Foundation Inc
- Assets
- $249.3k
- Revenue
- $368.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- Data as of
- 12/2023
- EIN
- 86-2108564
Organization Overview
Lift As We Climb Foundation Inc is located in Annapolis, MD. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Lift As We Climb 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 12/2023, Lift As We Climb Foundation Inc generated $368.7k in total revenue. All expenses for the organization totaled $269.1k during the year ending 12/2023. While expenses have increased by 97.4% per year over the past 3 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.
Since 2021, Lift As We Climb Foundation Inc has awarded 19 individual grants totaling $133,335. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFT AS WE CLIMB FOUNDATION HOSTED ITS 2ND ANNUAL GOLF TOURNAMENT IN OCTOBER 2023. THE RECIPIENT WAS FOLDS OF HONOR A 5013C SUPPORTING EDUCATION FOR MILITARY FAMILIES. $141,520 WAS RAISED FROM THE GOLF TOURNAMENT. THE FUNDS WERE DISTRIBUTED TO FOLDS OF HONOR IN JANUARY 2024 WHICH IS WHY PROGRAM EXPENSES ARE $0 FOR 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Hankey Chairman & CEO | 1 | $0 | |
Jim Wrathall President | 1 | $0 | |
Kevin Nguyen Treasurer | 1 | $0 | |
Deborah Taylor Secratary | 1 | $0 | |
Kevin Corcoran Director | 1 | $0 | |
Megan Shake Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $365,905 |
| Interest on Savings | $1,650 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,192 |
| Total Revenue | $368,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,081 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,233 |
| Total operating and administrative expenses | $103,667 |
| Contributions, gifts, grants paid | $165,482 |
| Total expenses and disbursements | $269,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,149 |
| 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 | $81,161 |
| Other assets | $0 |
| Total assets | $249,310 |
| 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 | $2 |
| Total liabilities | $2 |
Grants Awarded
Over the last fiscal year, Lift As We Climb Foundation Inc has awarded $23,962 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PHD HOOPS TRAVEL TOURS PURPOSE: CONTRIBUTION PROVIDED | $1,400 |
COMMUNITY FOOD SHARE PURPOSE: CONTRIBUTION PROVIDED | $1,000 |
VALLEY FRIENDSHIP CLUB PURPOSE: CONTRIBUTION PROVIDED | $1,285 |
VALLEY FRIENDSHIP CLUB PURPOSE: CONTRIBUTION PROVIDED | $1,592 |
FORTITUDE SERVICE DOGS PURPOSE: CONTRIBUTION PROVIDED | $550 |
CHESAPEAKE REGION ACCESSIBLE BOATING INC PURPOSE: CONTRIBUTION PROVIDED | $1,000 |