Leever Foundation Inc
- Assets
- $14.6m
- Revenue
- $1.3m
- Investments
- $13.1m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 22-3115036
Organization Overview
Leever Foundation Inc is located in Reston, VA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Leever Foundation 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 12/2022, Leever Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $821.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leever Foundation Inc has awarded 304 individual grants totaling $16,002,563. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIP GRANTS TO CHILDREN OF MACDERMID INC.'S EMPLOYEES WORLDWIDE. THE ADMINISTRATION OF THE SCHOLARSHIP PROGRAM IS HANDLED BY THE CONNECTICUT COMMUNITY FOUNDATION, INC., BASED IN WATERBURY, CONNECTICUT. THE LEEVER FOUNDATION PAYS THE CONNECTICUT COMMUNITY FOUNDATION AN ADMINISTRATIVE FEE FOR THIS SERVICE. FOR 2017, THIRTEEN SCHOLARSHIPS WERE MADE AVERAGING $3,285.
THE FOUNDATION CURRENTLY SUPPORTS PROGRAMS AND ORGANIZATIONS THAT CREATE OPPORTUNITIES FOR THE PEOPLE, ESPECIALLY CHILDREN, IN GREATER WATERBURY CT TO FULFILL THEIR POTENTIAL AND BECOME PRODUCTIVE MEMBERS OF SOCIETY. THE FOUNDATION HAS SUPPORTED PROGRAMS AND ORGANIZATIONS IN THE NORTH CAROLINA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Hart Vice President/director | 1 | $0 | |
D Hart Treasurer/director | 1 | $0 | |
M Leever President/director | 1 | $0 | |
S Harte Secretary/director | 1 | $0 | |
S White Chief Executive Officer/director | 40 | $159,331 | |
A Leever Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sterling Foundation Management Llc | 12/30/22 | $65,000 |
Bank Of America | 12/30/22 | $61,241 |
Charles Schwab | 12/30/22 | $50,079 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $416,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $843,989 |
| Capital Gain Net Income | $843,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,260,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,331 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $32,754 |
| Interest | $0 |
| Taxes | $33,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,763 |
| Printing and publications | $0 |
| Other expenses | $33,560 |
| Total operating and administrative expenses | $466,030 |
| Contributions, gifts, grants paid | $355,279 |
| Total expenses and disbursements | $821,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,067 |
| Savings and temporary cash investments | $1,256,222 |
| 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 | $13,118,102 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,566,391 |
| 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, Leever Foundation Inc has awarded $355,279 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK RIVER GOOD NEIGHBOR SERVICES PURPOSE: GENERAL SUPPORT | $500 |
BOY SCOUTS OF AMERICA PURPOSE: WATERBURY CT URBAN SCOUTING PROGRAM SUPPORT | $5,000 |
EASTERSEALS OF GREATER WATERBURY PURPOSE: GENERAL SUPPORT FOR WATERBURY, CT | $5,000 |
GRANVILLE ACADEMY PURPOSE: YOUTH PROGRAMMING | $1,500 |
MASSACHUSETTS COLLEGE OF ART AND DESIGN PURPOSE: STUDENT SCHOLARSHIP | $1,000 |
CONNECTICUT COMMUNITY FOUNDATION PURPOSE: COMMUNITY NEEDS AND GIVE LOCAL, WATERBURY BLACK GIVING CIRCLE-COMMUNITY PROGRAMS | $13,000 |