Frances Lear Foundation
- Assets
- $8.6m
- Revenue
- $590.3k
- Investments
- $8.3m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 04-3489966
Organization Overview
Frances Lear Foundation is located in Harrison, NY. The organization was established in 1999. 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. Frances Lear 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 12/2023, Frances Lear Foundation generated $590.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $795.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frances Lear Foundation has awarded 112 individual grants totaling $2,832,145. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PURCHASED 500 FACE MASKS WHICH WERE DISTRIBUTED TO WOMEN IN PRISON.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Lear President | 1 | $0 | |
Kate Breckir Lear Director | 1 | $0 | |
Daniel R Katz Director | 1 | $0 | |
Dr Jonathan Lapook Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,631 |
| Dividends & Interest | $185,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $388,774 |
| Capital Gain Net Income | $388,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,437 |
| Total Revenue | $590,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,264 |
| Printing and publications | $0 |
| Other expenses | $9,163 |
| Total operating and administrative expenses | $89,307 |
| Contributions, gifts, grants paid | $705,645 |
| Total expenses and disbursements | $794,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,221 |
| Savings and temporary cash investments | $20,435 |
| 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 | $2,526,114 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,605,936 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Frances Lear Foundation has awarded $705,645 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
A LITTLE PIECE OF LIGHT PURPOSE: GENERAL SUPPORT | $25,000 |
AHA ATTITUDE HARMONY ACHIEVEMENT PURPOSE: GENERAL SUPPORT | $2,500 |
ALLIANCE OF FAMILIES FOR JUSTICE PURPOSE: GENERAL SUPPORT | $10,000 |
A'SANI HEARTBEAT FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
BALLET HISPANICO OF NEW YORK INC PURPOSE: GENERAL SUPPORT | $210,000 |
CAMPAIGN FOR THE FAIR SENTENCING OF YOUTH PURPOSE: GENERAL SUPPORT | $15,000 |