Richie And Leah Lai Foundation
- Assets
- $11.2m
- Revenue
- $2.0m
- Investments
- $11.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 82-3752078
Organization Overview
Richie And Leah Lai Foundation is located in Milwaukee, WI. The organization was established in 2018. 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. Richie And Leah Lai 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 12/2021, Richie And Leah Lai Foundation generated $2.0m in total revenue. All expenses for the organization totaled $594.6k during the year ending 12/2021.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richie Lai Trustee | 1 | $0 | |
Leah Lai Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $238,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,743,396 |
| Capital Gain Net Income | $1,743,396 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,572 |
| Total Revenue | $2,014,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,896 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $45,458 |
| Contributions, gifts, grants paid | $549,092 |
| Total expenses and disbursements | $594,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,323 |
| 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 | $5,291,895 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,318 |
| Total assets | $11,175,586 |
| 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, Richie And Leah Lai Foundation has awarded $530,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY DAF IMA LAI CHAR FUND PURPOSE: GENERAL OPERATING | $410,000 |
Seattle, WA PURPOSE: GENERAL OPERATING | $25,000 |
SEATTLE AQUARIUM PURPOSE: GENERAL OPERATING | $25,000 |
WOODLAND PARK ZOO PURPOSE: GENERAL OPERATING | $25,000 |
MARYS PLACE SEATTLE PURPOSE: GENERAL OPERATING | $25,000 |
PACIFIC SCIENCE CENTER PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |