Local Initiative For Excellence Foundation
- Assets
- $33.3m
- Revenue
- $13.4m
- Investments
- $31.8m
- Employees
- 0
- Location
- Blue Ash, OH
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-4081852
Organization Overview
Local Initiative For Excellence Foundation is located in Blue Ash, OH. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Initiative For Excellence Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Local Initiative For Excellence Foundation has awarded 27 individual grants totaling $2,461,000. 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 |
|---|---|---|---|
Carter F Randolph President | 5 | $0 | |
Carter F Randolph Treasurer | 5 | $0 | |
Carter L Randolph Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,797,163 |
| Interest on Savings | $5,763 |
| Dividends & Interest | $518,617 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$901,433 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,420,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,866 |
| Total operating and administrative expenses | $110,807 |
| Contributions, gifts, grants paid | $201,000 |
| Total expenses and disbursements | $311,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,497,940 |
| 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 | $31,841,335 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,339,275 |
| 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, Local Initiative For Excellence Foundation has awarded $201,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SALK INST FOR BIOLOGICAL STUDIES PURPOSE: MEDICAL RESEARCH | $100,000 |
UNIVERSITY OF CINCINNATI PURPOSE: MEDICAL RESEARCH | $51,000 |
UNIVERSITY OF VIRGINIA PURPOSE: MEDICAL RESEARCH | $50,000 |