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Lockhart Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$280k (2024)

Expenses
$284k (2024)

Total Assets
$2.92M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$279,722
Expenses
$283,521
Net Income
-$3,799
Net Assets
$2,921,185
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $136,025
48.6%
Sales of Assets $141,394
50.5%
Other Income $2,303
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $249,757
88.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,921,185
Total Liabilities $0
Net Assets $2,921,185
Compensation
Key Employees and Officers Compensation Other
Bruce Carson (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$124,691
Expenses
$264,934
Net Income
-$140,243
Net Assets
$2,924,984
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $120,813
96.9%
Sales of Assets $1,019
0.8%
Other Income $2,859
2.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $233,159
88.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,924,984
Total Liabilities $0
Net Assets $2,924,984
Compensation
Key Employees and Officers Compensation Other
Bruce Carson (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$126,931
Expenses
$264,718
Net Income
-$137,787
Net Assets
$3,065,227
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $93,007
73.3%
Sales of Assets $28,953
22.8%
Other Income $4,971
3.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $232,098
87.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,065,227
Total Liabilities $0
Net Assets $3,065,227
Compensation
Key Employees and Officers Compensation Other
Michael Romero (Trustee) $0 $0
Bruce Carson (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$126,803
Expenses
$173,457
Net Income
-$46,654
Net Assets
$3,203,014
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $98,601
77.8%
Sales of Assets $23,817
18.8%
Other Income $4,385
3.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $142,037
81.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,203,014
Total Liabilities $0
Net Assets $3,203,014
Compensation
Key Employees and Officers Compensation Other
Michael Romero (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$103,430
Expenses
$187,419
Net Income
-$83,989
Net Assets
$3,249,668
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
1.0%
Interest Revenue $0
Dividends $91,260
88.2%
Sales of Assets $765
0.7%
Other Income $10,405
10.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $152,561
81.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,250,899
Total Liabilities $1,231
Net Assets $3,249,668
Compensation
Key Employees and Officers Compensation Other
Michael Romero (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$155,173
Expenses
$159,057
Net Income
-$3,884
Net Assets
$3,333,657
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $132,490
85.4%
Sales of Assets $13,016
8.4%
Other Income $9,667
6.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $128,230
80.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,334,669
Total Liabilities $1,012
Net Assets $3,333,657

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$476,230
Expenses
$298,791
Net Income
$177,439
Net Assets
$3,905,361
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $100,211
21.0%
Sales of Assets $375,626
78.9%
Other Income $393
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $265,401
88.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,905,361
Total Liabilities $0
Net Assets $3,905,361

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$298,568
Expenses
$280,771
Net Income
$17,797
Net Assets
$3,727,922
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $44,317
14.8%
Interest Revenue $0
Dividends $115,880
38.8%
Sales of Assets $138,344
46.3%
Other Income $27
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $244,977
87.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,727,922
Total Liabilities $0
Net Assets $3,727,922

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$230,005
Expenses
$305,520
Net Income
-$75,515
Net Assets
$3,710,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $117,814
51.2%
Sales of Assets $110,780
48.2%
Other Income $1,411
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $272,757
89.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,710,125
Total Liabilities $0
Net Assets $3,710,125

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,051
Expenses
$393,956
Net Income
-$272,905
Net Assets
$3,785,640
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $126,978
> 100%
Sales of Assets $0
Other Income $175
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $361,256
91.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,785,640
Total Liabilities $0
Net Assets $3,785,640

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$230,680
Expenses
$336,108
Net Income
-$105,428
Net Assets
$4,058,545
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $32,149
13.9%
Interest Revenue $0
Dividends $173,378
75.2%
Sales of Assets $25,129
10.9%
Other Income $24
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $302,889
90.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,058,545
Total Liabilities $0
Net Assets $4,058,545

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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