Lair Foundation
- Assets
- $11.9m
- Revenue
- $2.6m
- Investments
- $11.8m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-0600516
Organization Overview
Lair Foundation is located in Wichita, KS. The organization was established in 2008. 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. Lair 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 12/2021, Lair Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $823.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lair Foundation has awarded 120 individual grants totaling $3,574,605. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE CHARITABLE CONTRIBUTIONS TO PUBLIC CHARITIES QUALIFIED UNDER SECTION 501(C)(3) & WHO FOCUS ON VARIOUS COMMUNITY NEEDS AS SELECTED BY THE FOUNDATION- CONTRIBUTIONS WERE MADE TO VARIOUS PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Lair Pres/dir | 0 | $0 | |
Todd Lair Sec/tr/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $341,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,632 |
| Capital Gain Net Income | $210,270 |
| Net ST Capital Gain | $125,817 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,559,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $706 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,247 |
| Total operating and administrative expenses | $55,983 |
| Contributions, gifts, grants paid | $767,060 |
| Total expenses and disbursements | $823,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,585 |
| Savings and temporary cash investments | $41,472 |
| 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 | $300,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,916,458 |
| 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, Lair Foundation has awarded $767,060 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita, KS PURPOSE: 9/11 VETERAN SCHOLARSHIP | $380,000 |
Wichita, KS PURPOSE: MENTORING AT-RISK YOUTH | $84,750 |
BOYS & GIRLS CLUBS OF SC KS PURPOSE: K-12 AFTER SCHOOL CARE | $75,000 |
SPECIAL OPERATIONS WARRIOR FOUNDATN PURPOSE: SCHOLARSHPS TO SPEC OPS MILITRY KIDS | $50,000 |
STAND TOGETHER FOUNDATION-SAFE FAMI PURPOSE: SPORTS & RECREATION | $50,000 |
YOUNG LIFE WICHITA PURPOSE: CHRISTIAN MINISTRY TO KIDS | $37,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |