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US Lbm Foundation

Tax-deductible

Atlanta, GA501(c)(3)Foundations & GrantmakersEIN 46-4217905Revenue $3.4M in FY2024

On file with the IRSuslbmfoundation.org2077 Convention Ctr Concourse 125, 30337-4205 · Atlanta, GATax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The u.s. Lbm Foundation was created to help those in need also achieve their dreams. Being free from illness, owning a home, and rebuilding after a catastrophe are just a few of the many dreams we seek to make a reality through the Foundation. The u.s. Lbm Foundation is a philanthropic organization supported by donations from u.s. Lbm, the companys associates and through annual fundraising events.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $85K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$541K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+28% vs prior year
Spent
$3.7M
To programs
99%
Net assets
$979K
By yearFY2020–FY2024
Revenue
$3.4M
FY2024▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$1.2M
FY2022$2.4M
FY2023$2.6M
FY2024$3.4M
Expenses
$3.7M
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$382K
FY2021$930K
FY2022$1.8M
FY2023$2.5M
FY2024$3.7M
Net assets
$979K
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$377K
FY2021$613K
FY2022$1.2M
FY2023$1.4M
FY2024$979K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Apr 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.7M Management & general 1% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Larry T Gibson
Executive Ch
$0Pt VII · Sec A
Jim Hooper
President/Tr
$0Pt VII · Sec A
James Martin
Director
$0Pt VII · Sec A
Wendy Radke
Vice Preside
$0Pt VII · Sec A
Manish Shanbhag
VP & Secreta
$0Pt VII · Sec A
Russell Tiejema
Vice Preside
$0Pt VII · Sec A
Matt Bowen
Executive Di
$0Pt VII · Sec A
See US Lbm Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people achieve dreams like health, homeownership, and recovery from disaster.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The U.S. LBM foundation was created to help those in need also achieve their dreams including being free from illness, owning a home, and rebuilding after a catastrophe. A registered 501(c)(3) nonprofit, the U.S. LBM foundation is a philanthropic organization supported by donations from U.S.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
L T & Lina Gibson FoundationFY2025$250K
Total grants receivedfrom 1 funder$250K
Grants paid · 45 grants · $5.4M · 2020–2024
Gary Sinise FoundationTN · FY2024$685,000
Unitemized GrantFY2024$245,650
Individual RecipientFY2024$218,500
Foundation of Giving IntiativesFY2024$199,600
Team Rubicon INCCA · FY2024$187,500
Unitemized GrantFY2024$171,400
Individual RecipientFY2024$137,500
Team Joseph INCMI · FY2024$100,000
Individual RecipientFY2024$100,000
The Mark Francis FoundationFY2024$60,187
Unitemized GrantFY2024$10,000
Gary Sinise FoundationTN · FY2023$550,000
Foundation of Giving IntiativesFY2023$165,800
Unitemized GrantFY2023$136,000
Unitemized GrantFY2023$100,000
Team Joseph INCMI · FY2023$100,000
Individual RecipientFY2023$100,000
Individual RecipientFY2023$100,000
See all 45 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$2.8M
Gifts and grantsLn 1h$531K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.7M
Managementcol C$26K
Owns and owesPt X
$979K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$541K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$531K
Fees for servicesLn 2g$2.8M
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$541K
Net assetsLn 32$979K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.2M$1.3M
Total assetsLn 16$2.4M$1.5M
LiabilitiesLn 26$1.1M$541K
Net assetsLn 32$1.4M$979K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Grants to domestic individualsLn 2$427K$427K
Other fees for servicesLn 11g$1.6M$1.6M$26K
Total functional expensesLn 25$3.7M$3.7M$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.4M$3.7M−$379K$979K 990 PDF
FY2023 $2.6M$2.5M$177K$1.4M 990 PDF
FY2022 $2.4M$1.8M$567K$1.2M 990 PDF
FY2021 $1.2M$930K$236K$613K 990 PDF
FY2020 $206K$382K−$175K$377K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,362,201 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $585,282$530,816
I-9 Program service revenuePrior year $2,049,511$2,831,385
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,634,793$3,362,201
I-13 Grants and similar amounts paidPrior year $1,333,800$2,115,337
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,123,877$1,626,068
I-18 Total expensesPrior year $2,457,677$3,741,405
I-19 Revenue less expensesPrior year $177,116−$379,204
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $3,362,201 across 5 lines filed
VIII-1d Related organizations$250,000
VIII-1f All other contributions, gifts and grants$280,816
VIII-1h Total contributions, gifts and grants$530,816
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,831,385$2,831,385
VIII-12 Total revenueRelated to mission $2,831,385$3,362,201
Part IX · Statement of functional expenses $3,741,405 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,688,287$1,688,287
IX-2 Grants to domestic individualsPrograms $427,050$427,050
IX-11g Other fees for servicesPrograms $1,600,257 · Management $25,811$1,626,068
IX-25 Total functional expensesPrograms $3,715,594 · Management $25,811 · Fundraising $0$3,741,405
Part X · Balance sheet $1,519,683 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,241,378$1,294,454
X-3 Pledges and grants receivableStart of year $202,282$225,229
X-16 Total assetsStart of year $2,443,660$1,519,683
X-25 Other liabilitiesStart of year $1,085,638$540,865
X-26 Total liabilitiesStart of year $1,085,638$540,865
X-27 Net assets without donor restrictionsStart of year $1,358,022$978,818
X-32 Total net assets or fund balancesStart of year $1,358,022$978,818
X-33 Total liabilities and net assetsStart of year $2,443,660$1,519,683
Part XI · Reconciliation of net assets $978,818 net assets at year end
XI-1 Total revenue$3,362,201
XI-2 Total expenses$3,741,405
XI-3 Revenue less expenses−$379,204
XI-4 Net assets at start of year$1,358,022
XI-10 Net assets at end of year$978,818

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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