Lair Family Foundation
- Assets
- $180.8k
- Revenue
- $3.4k
- Investments
- $173.1k
- Employees
- 0
- Location
- Richardson, TX
- Founding
- 09/2003
- Data as of
- 12/2022
- 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 12/2022, Lair Family Foundation generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (57.0%) each year. All expenses for the organization totaled $50.5k during the year ending 12/2022. 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 | $3,900 | |
Susan Lair Sec/dir | 0 | $400 | |
Troy Craig Dir | 0 | $400 | |
Sherry Trussell Dir | 0 | $400 | |
Craig Lair Dir | 0 | $400 | |
Grant Lair Dir | 0 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $6 |
| Dividends & Interest | $2,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,346 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,900 |
| Other employee salaries and wages | $3,000 |
| Pension plans, employee benefits | $230 |
| Interest | $0 |
| Taxes | $411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,588 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $16,804 |
| Contributions, gifts, grants paid | $33,650 |
| Total expenses and disbursements | $50,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,645 |
| 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 | $26 |
| Total assets | $180,813 |
| 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 $33,650 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RICHARDSON FAMILY YMCA PURPOSE: YOUTH DEVELOPMENT PROGRAM | $250 |
WORLD VISION PURPOSE: UGANDA CHILDREN'S AID | $2,400 |
YOUNG LIFE PURPOSE: HIGH SCHOOL MINISTRY | $5,000 |
EAST WEST MINISTRIES PURPOSE: MISSIONS SUPPORT | $2,000 |
DALLAS BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIPS | $12,500 |
PINE GROVE PRESBYTERIAN CHURCH PURPOSE: PLAYGROUND EQUIPMENT | $750 |