John J Leidy Foundation Inc
- Assets
- $7.0m
- Revenue
- $1.0m
- Investments
- $6.1m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 05/1959
- Data as of
- 12/2022
- EIN
- 52-6034785
Organization Overview
John J Leidy Foundation Inc is located in Towson, MD. The organization was established in 1959. 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. John J Leidy 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 12/2022, John J Leidy Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.3% 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 2020, John J Leidy Foundation Inc has awarded 248 individual grants totaling $2,516,272. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Michel Pierson Vice-President | 0.5 | $0 | |
Name Not Listed President | 5 | $56,000 | |
Claire A Pierson Secr./treas. | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,663 |
| Dividends & Interest | $395,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $639,981 |
| Capital Gain Net Income | $639,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $665 |
| Total Revenue | $1,038,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,264 |
| Total operating and administrative expenses | $138,095 |
| Contributions, gifts, grants paid | $992,350 |
| Total expenses and disbursements | $1,130,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $937,053 |
| 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 | $10,036 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,011,573 |
| 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, John J Leidy Foundation Inc has awarded $992,350 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND PHILANTHROPY NETWORK PURPOSE: EDUCATIONAL | $4,850 |
CIVIL JUSTICE INC PURPOSE: LEGAL AID POOR | $7,500 |
SEXUAL ASSAULTSPOUSE ABUSE RESOURCE CENTER PURPOSE: DOMESTIC VIOLENCE | $5,000 |
STAR SPANGLED BANNER FLAG HOUSE ASSOC PURPOSE: EDUCATIONAL | $2,000 |
SHEPHERD'S CLINIC PURPOSE: HEALTH CARE | $7,500 |
MAGICAL EXPERIENCES ARTS COMPANY PURPOSE: DISABLED PERSONS | $5,000 |