Leota Steed Foundation
- Assets
- $0.0
- Revenue
- $252.6k
- Investments
- $3.3m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 02/1993
- Data as of
- 12/2020
- EIN
- 75-2384754
Organization Overview
Leota Steed Foundation is located in Wichita Falls, TX. The organization was established in 1993. 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. Leota Steed 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 12/2020, Leota Steed Foundation generated $252.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $248.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leota Steed Foundation has awarded 16 individual grants totaling $441,667. 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 |
|---|---|---|---|
Donald J Hupp Sec/treas/trustee | 0.25 | $3,200 | |
Marilyn Steed Stafford President/trustee | 0.12 | $0 | |
Robert W Goff Jr Vice President/trustee | 0 | $0 | |
Kimberly Miller Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $225,000 |
| Interest on Savings | $405 |
| Dividends & Interest | $73,458 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $252,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,200 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $58,721 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $248,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,777 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Leota Steed Foundation has awarded $251,667 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita Falls, TX PURPOSE: OPERATIONS | $80,000 |
Wichita Falls, TX PURPOSE: OPERATIONS | $70,000 |
UNITED REGIONAL FOUNDATION PURPOSE: OPERATIONS | $51,667 |
Wichita Falls, TX PURPOSE: OPERATIONS | $10,000 |
Austin, TX PURPOSE: OPERATIONS | $10,000 |
FAITH MISSION PURPOSE: OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |