Lassiter Family Charitable Foundation Inc
- Assets
- $10.5m
- Revenue
- $1.7m
- Investments
- $9.8m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 46-1402786
Organization Overview
Lassiter Family Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 2013. 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. Lassiter Family Charitable 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 06/2022, Lassiter Family Charitable Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 29.5% per year over the past 4 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.
Since 2021, Lassiter Family Charitable Foundation Inc has awarded 96 individual grants totaling $2,334,750. 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 |
|---|---|---|---|
Eg Lassiter III President | 8 | $0 | |
Dr Richard G Lassiter Treasurer | 0.25 | $0 | |
Marianne B Lassiter Secretary | 1 | $0 | |
Ann Marie Grace Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $300,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,433,939 |
| Capital Gain Net Income | $1,433,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,734,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,085 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $131 |
| Total operating and administrative expenses | $93,366 |
| Contributions, gifts, grants paid | $1,658,700 |
| Total expenses and disbursements | $1,752,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,542 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $174,933 |
| Total assets | $10,525,558 |
| 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, Lassiter Family Charitable Foundation Inc has awarded $1,658,700 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Clinton, SC PURPOSE: EDUCATIONAL INSTITUTION SUPPORT | $1,040,000 |
Atlanta, GA PURPOSE: COMMUNITY HOSPITAL SUPPORT | $100,000 |
PEACHTREE PRESBYTERIAN PURPOSE: CHURCH OPERATING BUDGET | $98,000 |
MISSION HOPE PURPOSE: RELIGIOUS EDUCATION | $35,000 |
Athens, GA PURPOSE: CAPITAL CAMPAIGN AND ANNUAL FUND | $30,000 |
Atlanta, GA PURPOSE: COMMUNITY HOSPITAL SUPPORT | $27,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |