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John & Mildred Ludlum Charitable Fdn

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
$72.4k (2024)

Expenses
$55.8k (2024)

Total Assets
$1.28M (2024)

Total Liabilities
$0 (2024)

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
$72,357
Expenses
$55,780
Net Income
$16,577
Net Assets
$1,276,192
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $31,670
43.8%
Sales of Assets $40,687
56.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,649
74.7%
Compensation of Officers* $11,851
21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,276,192
Total Liabilities $0
Net Assets $1,276,192
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $11,851 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$304,841
Expenses
$62,015
Net Income
$242,826
Net Assets
$1,259,181
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $715
0.2%
Dividends $34,981
11.5%
Sales of Assets $269,004
88.2%
Other Income $141
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,156
88.9%
Compensation of Officers* $13,136
21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,259,181
Total Liabilities $0
Net Assets $1,259,181
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $13,136 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,591
Expenses
$87,925
Net Income
-$58,334
Net Assets
$1,016,348
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $640
2.2%
Dividends $26,002
87.9%
Sales of Assets $2,949
10.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,099
88.8%
Compensation of Officers* $17,422
19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,016,348
Total Liabilities $0
Net Assets $1,016,348
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $17,422 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,478
Expenses
$88,840
Net Income
-$28,362
Net Assets
$1,074,884
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $575
1.0%
Dividends $25,621
42.4%
Sales of Assets $33,761
55.8%
Other Income $521
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $79,050
89.0%
Compensation of Officers* $19,324
21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,074,884
Total Liabilities $0
Net Assets $1,074,884
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $19,324 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,944
Expenses
$81,256
Net Income
-$47,312
Net Assets
$1,102,987
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $32,011
94.3%
Sales of Assets $1,362
4.0%
Other Income $571
1.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,208
90.1%
Compensation of Officers* $15,256
18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,102,988
Total Liabilities $1
Net Assets $1,102,987
Compensation
Key Employees and Officers Compensation Other
Truist Bank Fka Branch Banking And (Trustee) $15,256 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$77,377
Expenses
$84,680
Net Income
-$7,303
Net Assets
$1,151,822
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $33,971
43.9%
Sales of Assets $43,406
56.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,405
74.9%
Compensation of Officers* $15,793
18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,151,823
Total Liabilities $1
Net Assets $1,151,822
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $15,793 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$168,348
Expenses
$85,925
Net Income
$82,423
Net Assets
$1,159,049
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,434
15.1%
Sales of Assets $142,914
84.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,386
77.3%
Compensation of Officers* $17,044
19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,159,049
Total Liabilities $0
Net Assets $1,159,049
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $17,044 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,005
Expenses
$79,678
Net Income
-$7,673
Net Assets
$1,075,797
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,856
34.5%
Sales of Assets $47,097
65.4%
Other Income $52
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,192
78.1%
Compensation of Officers* $16,918
21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,075,797
Total Liabilities $0
Net Assets $1,075,797
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Co (Trustee) $16,918 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,777
Expenses
$80,403
Net Income
-$39,626
Net Assets
$1,083,506
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,190
59.3%
Sales of Assets $16,140
39.6%
Other Income $447
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,076
78.4%
Compensation of Officers* $16,670
20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,083,506
Total Liabilities $0
Net Assets $1,083,506
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $16,670 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,393
Expenses
$88,504
Net Income
-$29,111
Net Assets
$1,123,375
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,158
40.7%
Sales of Assets $34,749
58.5%
Other Income $486
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,747
77.7%
Compensation of Officers* $18,740
21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,123,375
Total Liabilities $0
Net Assets $1,123,375
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $18,740 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,578
Expenses
$93,632
Net Income
-$22,054
Net Assets
$1,152,561
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $31,293
43.7%
Sales of Assets $40,285
56.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,563
76.4%
Compensation of Officers* $19,013
20.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,152,561
Total Liabilities $0
Net Assets $1,152,561
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $19,013 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,661
Expenses
$86,515
Net Income
$35,146
Net Assets
$1,174,742
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,565
24.3%
Sales of Assets $92,096
75.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,184
76.5%
Compensation of Officers* $18,710
21.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,174,742
Total Liabilities $0
Net Assets $1,174,742
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $18,710 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$90,472
Expenses
$84,031
Net Income
$6,441
Net Assets
$1,139,620
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $30,328
33.5%
Sales of Assets $60,144
66.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,580
75.7%
Compensation of Officers* $17,534
20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,139,621
Total Liabilities $1
Net Assets $1,139,620

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$103,885
Expenses
$87,229
Net Income
$16,656
Net Assets
$1,133,033
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $32,743
31.5%
Sales of Assets $70,492
67.9%
Other Income $650
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,973
77.9%
Compensation of Officers* $16,998
19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,133,034
Total Liabilities $1
Net Assets $1,133,033

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

About This Data

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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.

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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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