The Lester And Beatrice William Foundation
- Assets
- $3.5m
- Revenue
- $353.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Livingston, TX
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 74-2847229
Organization Overview
The Lester And Beatrice William Foundation is located in Livingston, TX. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lester And Beatrice William 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 2016, Lester And Beatrice William Foundation has awarded 24 individual grants totaling $906,913. 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 |
|---|---|---|---|
Charles S Poe Director | 20 | $55,000 | |
Amy Poe Director | 40 | $55,000 | |
Beverly Elliott Director | 20 | $55,000 | |
Jerald D Sebek Jr Director | 20 | $16,800 | |
James C Moore Director | 20 | $5,880 | |
David B Elliott Director | 20 | $1,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $91 |
| Dividends & Interest | $30,459 |
| Net Rental Income | -$41,027 |
| Net Gain on Sale of Assets | -$162,879 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $353,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,490 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,100 |
| Interest | $0 |
| Taxes | $24,534 |
| Depreciation | $0 |
| Occupancy | $142,516 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $372,551 |
| Total operating and administrative expenses | $770,870 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $770,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,685 |
| Savings and temporary cash investments | $71,868 |
| 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 | $1,587,040 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,605,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,843 |
| Total assets | $3,479,452 |
| 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 | $34,972 |
| Total liabilities | $34,972 |
Grants Awarded
Over the last fiscal year, The Lester And Beatrice William Foundation has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMERON POLICE DEPARTMENT PURPOSE: PURCHASE OF EQUIPMENT FOR TRAINING | $55,000 |
CITY OF CAMERON PURPOSE: MATCHING FUNDS FOR THE CITY POOL | $30,000 |