Lucky Seven Foundation
- Assets
- $29.5m
- Revenue
- $1.1m
- Investments
- $26.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 91-1722000
Organization Overview
Lucky Seven Foundation is located in Wilmington, DE. The organization was established in 1997. 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 Seven 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 Seven Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lucky Seven Foundation has awarded 1,250 individual grants totaling $8,040,205. 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 |
|---|---|---|---|
Carol A Backus Dir, Pres, VP | 1 | $0 | |
Christopher R Backus Dir, Treas | 1 | $0 | |
Edward A Backus Dir, Treas, Vp, Pres | 1 | $0 | |
John Backus Dir | 1 | $0 | |
Spencer Backus Dir | 1 | $0 | |
Valerie F Backus Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert W Baird & Co Incorporated | 12/30/22 | $108,392 |
Foundation Source | 12/30/22 | $85,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,959 |
| Dividends & Interest | $853,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,729 |
| Capital Gain Net Income | $138,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $134,825 |
| Total Revenue | $1,070,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $115,121 |
| Taxes | $21,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,301 |
| Total operating and administrative expenses | $330,159 |
| Contributions, gifts, grants paid | $1,948,003 |
| Total expenses and disbursements | $2,278,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195,816 |
| 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 | $1,675,715 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $3,850,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $875,000 |
| Total assets | $29,479,057 |
| 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 | $3,865,121 |
| Total liabilities | $3,865,121 |
Grants Awarded
Over the last fiscal year, Lucky Seven Foundation has awarded $1,948,003 in support to 279 organizations.
| Grant Recipient | Amount |
|---|---|
A PURPOSEFUL RESCUE INC PURPOSE: GENERAL & UNRESTRICTED | $1,400 |
350 SEATTLE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ABSOLUTE MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
5TH AVENUE THEATRE ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
ABUSED DEAF WOMENS ADVOCACY SERVICES PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ACRES OF DIAMONDS PURPOSE: BREAKING THE CYCLE OF HOMELESSNESS IN YOUNG MOMS WITH DOMESTIC VIOLENCE BACKGROUNDS | $5,000 |