Leo Seal Family Foundation
- Assets
- $11.9m
- Revenue
- -$132.7k
- Investments
- $11.8m
- Employees
- 0
- Location
- Bay St Louis, MS
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 72-1373522
Organization Overview
Leo Seal Family Foundation is located in Bay St Louis, MS. The organization was established in 1997. 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. Leo Seal Family 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 2019, Leo Seal Family Foundation has awarded 293 individual grants totaling $2,628,090. 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 |
|---|---|---|---|
Leo W Seal III President | 1 | $0 | |
Wallace Lee Seal Secretary/treasurer | 1 | $0 | |
Clay Wagner Vice President | 1 | $0 | |
John Baxter Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,397 |
| Interest on Savings | $0 |
| Dividends & Interest | $247,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$462,973 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $43,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$132,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,473 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,000 |
| Total operating and administrative expenses | $114,580 |
| Contributions, gifts, grants paid | $681,069 |
| Total expenses and disbursements | $795,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,127 |
| 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 | $11,758,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,924,663 |
| 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, Leo Seal Family Foundation has awarded $681,069 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
100 MEN DBA HALL (HUNDRED MEMBERS DEBATING BENEVOLENT ASSOCIATION) PURPOSE: PROMOTION OF CULTURAL AND HISTORICAL AWARENESS | $5,500 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT OF ORGANIZATION | $1,400 |
ALZHEIMER'S MISSISSIPPI (FKA ALZHEIMER'S ASSOCIATION MISSISSIPPI CHAPTER) PURPOSE: SUPPORT OF ORGANIZATION | $40,000 |
BAY ST LOUIS LIBRARY HANCOCK COUNTY LIBRARIES (LIBRARY FOUNDATION OF HANC PURPOSE: EDUCATIONAL OUTREACH | $7,000 |
BOY SCOUTS OF AMERICA PURPOSE: TEACHING YOUTH LEADERSHIP AND OUTDOOR SKILLS IN A SAFE CHRISTIAN ENVIRONMENT | $5,000 |
BETHESDA FREE CLINIC (BETHESDA FREE HEALTH CLINIC OF D'IBERVILLE) PURPOSE: MEDICAL SERVICES FOR HOMELESS | $15,000 |