Private Foundation

The Lockett Foundation Inc

The Lockett Foundation Inc is a private foundation categorized as Private Foundation based in Vernon, TX. Its most recent IRS filing (2025) reports revenue of $101K, expenses of $121K, total assets of $2.3M. Imperigo tracks 71 reported grants from this foundation totaling approximately $512K.

EIN: 751534079 Vernon, TX Latest filing: 2025

Total Revenue$101K

Total Expenses$121K

Total Assets$2.3M

Grants Given71

Grant Total$512K

Filing Years2021–2025

Sample Grants Given

Texas Tech Foundation

Lubbock, TX · 2025

Scholarship

$56,125

Texas Tech Alumni Association (TTAA)

Lubbock, TX · 2025

Endowment Trust

$40,000

Boys & Girls Club of Vernon

Vernon, TX · 2025

Operation

$5,500

Vernon College

Vernon, TX · 2025

Operation

$5,000

Admiral Nimitz Foundation

Fredericksburg, TX · 2025

Operation

$2,000

Showing up to 5 of 71 total records — full history available with membership.

Officers & Directors

President Linda Lockett Cheslak

Vice-President Michael N Underwood

Trustee Robert Lightfoot

Trustee Stephen Brantley

Officer compensation and complete director data available with membership.

Top Grant Purposes

Scholarship

$255,075 8 grants

Endowment Trust

$170,000 5 grants

Operation

$86,125 56 grants

Operations

$750 2 grants

Financial Trends

Year	Revenue	Expenses	Assets
2025	$101K	$121K	$2.3M
2024	$124K	$115K	$2.3M
2023	$34K	$74K	$2.3M
2022	$37K	$90K	$2.3M
2021	$2.1M	$101K	$2.4M

Between 2021 and 2025, reported annual revenue declined from $2.1M to $101K (-95%), with total assets most recently reported at $2.3M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CO, TX.

COTX

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for The Lockett Foundation Inc

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