Lester And Phyllis Foster Foundation
- Assets
- $449.5k
- Revenue
- $347.3k
- Investments
- $448.8k
- Employees
- 0
- Location
- Hampton, CT
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 81-0630150
Organization Overview
Lester And Phyllis Foster Foundation is located in Hampton, CT. The organization was established in 2004. 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 Phyllis Foster 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 12/2022, Lester And Phyllis Foster Foundation generated $347.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lester And Phyllis Foster Foundation has awarded 141 individual grants totaling $3,301,707. 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 |
|---|---|---|---|
David Foster Trustee | 0 | $0 | |
Mark Foster Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,649 |
| Dividends & Interest | $21,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,414 |
| Capital Gain Net Income | $292,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,000 |
| Total Revenue | $347,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,297 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $436 |
| Total operating and administrative expenses | $8,533 |
| Contributions, gifts, grants paid | $2,073,795 |
| Total expenses and disbursements | $2,082,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $743 |
| 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 | $357,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $449,539 |
| 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, Lester And Phyllis Foster Foundation has awarded $2,073,795 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT SOUP KITCHEN PURPOSE: GENERAL FINANCIAL ASSISTANCE | $332,250 |
ECSU FOUNDATION INC PURPOSE: GENERAL FINANCIAL ASSISTANCE | $305,000 |
GENERATIONS FAMILY HEALTH CENTER PURPOSE: GENERAL FINANCIAL ASSISTANCE | $51,000 |
GOOD HOPE COUNTRY DAY SCHOOL PURPOSE: GENERAL FINANCIAL ASSISTANCE | $26,700 |
HAMPTON FIRE CO PURPOSE: GENERAL FINANCIAL ASSISTANCE | $100,000 |
GREATER HARTFORD FESTIVAL OF JAZZ PURPOSE: GENERAL FINANCIAL ASSISTANCE | $88,000 |