Lair Family Foundation
- Assets
- $227.8k
- Revenue
- $36.9k
- Investments
- $225.4k
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 01-0769300
Organization Overview
Lair Family Foundation is located in Richardson, TX. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lair Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lair Family Foundation generated $36.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $37.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Lair Chm/pres/dir | 4 | $3,825 | |
Troy Craig Dir | 0 | $325 | |
Susan Lair Sec/dir | 0 | $325 | |
Sherry Trussell Dir | 0 | $325 | |
Craig Lair Dir | 0 | $325 | |
Grant Lair Dir | 0 | $325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,569 |
| Capital Gain Net Income | $30,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,450 |
| Other employee salaries and wages | $3,000 |
| Pension plans, employee benefits | $230 |
| Interest | $0 |
| Taxes | $94 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,900 |
| Printing and publications | $0 |
| Other expenses | $278 |
| Total operating and administrative expenses | $16,665 |
| Contributions, gifts, grants paid | $20,550 |
| Total expenses and disbursements | $37,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,291 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $126 |
| Total assets | $227,832 |
| Accounts payable and accrued expenses | $66 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66 |
Grants Awarded
Over the last fiscal year, Lair Family Foundation has awarded $20,550 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SCHOLARSHIPS | $7,000 |
YOUNG LIFE PURPOSE: HIGH SCHOOL MINISTRY | $5,000 |
Federal Way, WA PURPOSE: UGANDA CHILDREN'S AID | $2,400 |
CRU PURPOSE: COLLEGE MINISTRY | $2,400 |
EAST WEST MINISTRIES PURPOSE: MISSIONS SUPPORT | $2,000 |
RUSK COUNTY LIBRARY PURPOSE: LIBRARY/EDUCATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jane P And Wiley L Mossy Jr Foundation Houston, TX | $339,084 | $6,855,893 |
Gene And Jerry Jones Family-Dallas Cowboys Charities Frisco, TX | $3,095,461 | $7,273,707 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
Marshall Legacy Foundation Metairie, LA | $37,157,594 | $21,197,543 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Marshall Heritage Foundation Metairie, LA | $15,210,686 | $21,134,216 |
Mary E Bivins Trust Amarillo, TX | $23,577,867 | $7,091,283 |
Norman H Read 1985 Trust Amarillo, TX | $61,022,769 | $8,703,971 |
Arlene And Joseph Meraux Charitable Foundation Violet, LA | $95,291,949 | $9,307,858 |
East Texas Medical Center Regional Healthcare System Tyler, TX | $164,248,819 | $57,646,365 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
James A Buddy Davidson Charitable Foundation Midland, TX | $104,683,845 | $20,028,427 |