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EIN 84-3411455

LB Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Greenville
State
South Carolina
Year formed
2019
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The LB Foundation is a corporate foundation of Lockheed Martin that primarily funds capital and program initiatives. It is located in Greenville, SC, and made 10 grants last year to various grantees, including Soteria Community Development.
Total revenues
$2,676,559
2023
Total expenses
$1,602,360
2023
Total assets
$67,320,724
2023
Num. employees
0
2023

Grants made by LB Foundation

GranteeGrant descriptionAmount
Soteria Community Development CorporationCapital$400,000
Mill Village MinistriesCapital$325,000
Poe Mill Achievement CenterCapital$106,500
...and 6 more grants made

Personnel at LB Foundation

NameTitleCompensation
Laura BellPresident$100,000

Financials for LB Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$228,208
Investment income and dividends$2,406,331
Net rental income$0
Net gain from sale of non-inventory assets$42,020
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,676,559

Form 990s for LB Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-04990PFView PDF
2022-122023-05-08990PFView PDF
2021-122022-04-08990PFView PDF
2020-122021-06-17990PFView PDF
2019-122021-06-09990PFView PDF
Data update history
July 12, 2024
Posted financials
Added Form 990PF for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990PF for fiscal year 2022
October 30, 2021
Posted financials
Added Form 990PF for fiscal year 2020
October 5, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Community improvement
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
Post Office Box 9179
Greenville, SC 29604
Metro area
Greenville-Anderson, SC
County
Greenville County, SC
Phone
(864) 233-8449
IRS details
EIN
84-3411455
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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