Leas Foundation For Leukemia Research Inc
- Assets
- $1.4m
- Revenue
- $97.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield, CT
- Founding
- 01/1999
- Data as of
- 07/2022
- EIN
- 06-1520923
Organization Overview
Leas Foundation For Leukemia Research Inc is located in Bloomfield, CT. The organization was established in 1999. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leas Foundation For Leukemia Research Inc 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 07/2022, Leas Foundation For Leukemia Research Inc generated $97.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $122.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leas Foundation For Leukemia Research Inc has awarded 16 individual grants totaling $945,617. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEA'S FOUNDATION WAS ESTABLISHED TO FUND RESEARCH INTO THE CAUSES AND/OR CURES FOR LEUKEMIA AND ITS RELATED CANCERS OF LYMPHOMA, HODGKIN'S LYMPHOMA, AND MULTIPLE MYLEMOA. ADDITIONALLY THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO PATIENTS AFFECTED BY LEUKEMIA AND SIMILAR MALIGNANT BLOOD-RELATED DISEASES. THE FOUNDATION FURTHER PROVIDES INCREASED PUBLIC AWARENESS OF THESE CANCERS THROUGH ITS PARTICIPATION AND SUPPORT OF COMMUNITY HEALTH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEA'S FOUNDATION FOR LEUKEMIA RESEARCH, INC. PROMOTES AND FUNDS ACTIVITIES ASSOCIATED WITH THE EDUCATION, RESEARCH AND TREATMENT OF LEUKEMIA AND ITS RELATED CANCERS (INCLUDING LYMPHOMA, MYELOMA AND HODGKIN'S LYMPHOMA DISEASE) IN AN EFFORT TO FIND A CURE FOR THE DISEASES.
THE PATIENT SERVICES PROGRAM PROVIDES FINANCIAL ASSISTANCE TO PATIENTS OR FAMILIES OF PATIENTS AFFECTED BY CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Economos Vice Chairman | OfficerTrustee | 2 | $0 |
David Archilla Chairman | OfficerTrustee | 2 | $0 |
Gary Laurito President | OfficerTrustee | 3 | $0 |
Maria Economos Secretary/vp | OfficerTrustee | 2 | $0 |
Penny Wills Treasurer | Officer | 0 | $0 |
David Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,544 |
| Total Program Service Revenue | $0 |
| Investment income | -$60,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $129,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,673 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,340 |
| All other expenses | $737 |
| Total functional expenses | $122,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,984 |
| Pledges and grants receivable | $3,700 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,079,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,134 |
| Total assets | $1,449,631 |
| Accounts payable and accrued expenses | $5,000 |
| Grants payable | $241,732 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $246,732 |
| Net assets without donor restrictions | $1,179,482 |
| Net assets with donor restrictions | $23,417 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,449,631 |
Grants Awarded
Over the last fiscal year, Leas Foundation For Leukemia Research Inc has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: Cancer research and clinical trials | $50,000 |
ST FRANCIS FOUNDATION PURPOSE: Cancer research and clinical trials | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Leas Foundation For Leukemia Research Inc has recieved totaling $45,513.
| Awarding Organization | Amount |
|---|---|
Vranos Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $25,000 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $10,351 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: GENERAL HEALTH | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Why Me Inc Worcester, MA | $5,740,285 | $1,202,450 |
Keep A Child Alive New York, NY | $8,417,069 | $6,592,959 |
The Degregorio Family Foundation Inc Pleasantville, NY | $2,565,905 | $1,850,977 |
Bina Stroke And Brain Injury Assistance Inc Brooklyn, NY | $180,400 | $1,112,000 |
United Brain Association Inc Vails Gate, NY | $51,099 | $577,124 |
Lucys Love Bus Charitable Trust Amesbury, MA | $740,985 | $775,660 |
Soul Ryeders Inc Rye, NY | $766,982 | $538,065 |