Lester And Anne Scaff Foundation Inc
- Assets
- $6.9m
- Revenue
- $375.2k
- Investments
- $6.4m
- Employees
- 0
- Location
- Lake City, FL
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1482286
Organization Overview
Lester And Anne Scaff Foundation Inc is located in Lake City, FL. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lester And Anne Scaff 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 12/2021, Lester And Anne Scaff Foundation Inc generated $375.2k 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 (33.5%) each year. All expenses for the organization totaled $427.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lester And Anne Scaff Foundation Inc has awarded 116 individual grants totaling $2,472,066. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian L Tucker Director | 0.1 | $0 | |
Gary K Scaff President & Dir | 0.5 | $0 | |
Keith W Brown Director | 0.5 | $0 | |
Jenny S Drawdy S/t & Director | 0.5 | $0 | |
R Harold Mann Jr Director | 0.1 | $0 | |
John Winston Oneal Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,756 |
| Dividends & Interest | $124,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,422 |
| Capital Gain Net Income | $215,422 |
| Net ST Capital Gain | $215,422 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32 |
| Total Revenue | $375,225 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,515 |
| Total operating and administrative expenses | $93,581 |
| Contributions, gifts, grants paid | $334,000 |
| Total expenses and disbursements | $427,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,793 |
| 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 | $6,430,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,923,868 |
| 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 | $17,633 |
| Total liabilities | $17,633 |
Grants Awarded
Over the last fiscal year, Lester And Anne Scaff Foundation Inc has awarded $334,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
SUWANNEE VALLEY NURSING CENTER PURPOSE: MEDICAL ASSISTANCE | $50,000 |
CATHOLIC CHARITIES BUREAU INC PURPOSE: RELIGIOUS MINISTRIES | $45,000 |
Lake City, FL PURPOSE: EDUCATION | $25,000 |
Lake City, FL PURPOSE: EDUCATION | $25,000 |
Jennings, FL PURPOSE: RELIGIOUS MINISTRIES | $25,000 |
Lake City, FL PURPOSE: EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |