Clarence E Lesser Charitable
- Assets
- $886.0k
- Revenue
- $133.3k
- Investments
- $836.8k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 34-6639310
Organization Overview
Clarence E Lesser Charitable is located in Brooklyn, OH. The organization was established in 0000. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2022, Clarence E Lesser Charitable generated $133.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 70.6% each year . All expenses for the organization totaled $108.7k during the year ending 12/2022. While expenses have increased by 21.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,327 |
| Capital Gain Net Income | $107,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,151 |
| Total Revenue | $133,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,997 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32 |
| Total operating and administrative expenses | $48,738 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $108,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,248 |
| 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 | $836,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $886,025 |
| 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, Clarence E Lesser Charitable has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLARION UNIVERSITY OF PENNSYLVANIA PURPOSE: PROVIDE SCHOLARSHIPS | $15,000 |
UH CONNEAUT MEDICAL CENTER PURPOSE: PROVIDE SCHOLARSHIPS | $15,000 |
KENT STATE UNIVERSITY FOUNDATION PURPOSE: PROVIDE SCHOLARSHIPS | $15,000 |
UNITED CHURCH OF CHRIST PURPOSE: PROVIDE SCHOLARSHIPS | $15,000 |