The Leslie T Posey And Frances U Posey Foundation
- Assets
- $310.3k
- Revenue
- $11.4k
- Investments
- $293.3k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 11/1988
- Data as of
- 08/2023
- EIN
- 59-6832335
Organization Overview
The Leslie T Posey And Frances U Posey Foundation is located in Las Vegas, NV. The organization was established in 1988. 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. Leslie T Posey And Frances U Posey Foundation 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 08/2023, Leslie T Posey And Frances U Posey Foundation generated $11.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $22.3k during the year ending 08/2023. 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 | $11,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$312 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $275 |
| Total Revenue | $11,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,995 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,320 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $22,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,032 |
| 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 | $293,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $310,315 |
| 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, The Leslie T Posey And Frances U Posey Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHUO CAI CO SCHOOL OF THE ART INSTITUTE PURPOSE: SCHOLARSHIP | $5,000 |
ADRIANA VIGNOLI CO SCHOOL OF THE ART PURPOSE: SCHOLARSHIP | $5,000 |
SUNI VIZCARRA WOOD CO SCHOOL OF THE ART PURPOSE: SCHOLARSHIP | $5,000 |