Lyles Foundation
- Assets
- $55.3m
- Revenue
- $4.4m
- Investments
- $35.0m
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 13-7334864
Organization Overview
Lyles Foundation is located in Fresno, CA. The organization was established in 2003. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Lyles 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, Lyles Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lyles Foundation has awarded 36 individual grants totaling $32,930,009. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR CERTAIN ACTIVITIES OF THE CENTRAL VALLEY COMMUNITY FOUNDATION, AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LYLES FOUNDATION'S GOAL IS TO PROVIDE SUPPORT FOR THE EXPANSION OF EDUCATIONAL OPPORTUNITIES, MEDICAL EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
TO PROVIDE SUPPORT FOR CERTAIN ACTIVITIES OF THE CENTRAL VALLEY COMMUNITY FOUNDATION, AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LYLES FOUNDATION'S GOAL IS TO PROVIDE SUPPORT FOR THE EXPANSION OF EDUCATIONAL OPPORTUNITIES, CULTURAL ACTIVITIES, COMMUNITY DEVELOPMENT, DISASTER RELIEF, MEDICAL EDUCATION AND RESEARCH AND PROMOTING FAMILY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald V Lyles Trustee | OfficerTrustee | 1 | $0 |
William M Lyles Trustee | OfficerTrustee | 1 | $0 |
Ashley Swearengin Trustee | OfficerTrustee | 1 | $0 |
Jeff Jaech Trustee | Trustee | 1 | $0 |
Ken Newby Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,568,094 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,381 |
| Noncash contributions included in lines 1a–1f | $3,568,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,576,475 |
| Total Program Service Revenue | $0 |
| Investment income | $550,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,384,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,275,526 |
| 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 | $2,638 |
| Fees for services: Accounting | $10,755 |
| 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 | $0 |
| 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 | $0 |
| All other expenses | -$247,398 |
| Total functional expenses | $8,382,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,471,255 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,852 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,329,569 |
| Investments—other securities | $35,038,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $431,090 |
| Total assets | $55,348,582 |
| Accounts payable and accrued expenses | $2,011 |
| Grants payable | $11,551,446 |
| 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 | $2,722,799 |
| Total liabilities | $14,276,256 |
| Net assets without donor restrictions | $41,072,326 |
| Net assets with donor restrictions | $0 |
| 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 | $55,348,582 |
Grants Awarded
Over the last fiscal year, Lyles Foundation has awarded $8,275,526 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY PURPOSE: support educational expansion | $850,000 |
PURDUE FOUNDATION PURPOSE: support educational expansion | $129,444 |
CENTRAL VALLEY COMMUNITY FOUN PURPOSE: support community foundation | $7,196,082 |
YES ON MEASURE Z PURPOSE: Lobbying Expenses | $100,000 |