Richard And Carol Leonard Foundation
- Assets
- $376.9k
- Revenue
- $252.6k
- Investments
- $125.8k
- Employees
- 0
- Location
- Lake Barrington, IL
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-0538429
Organization Overview
Richard And Carol Leonard Foundation is located in Lake Barrington, IL. 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. Richard And Carol Leonard 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, Richard And Carol Leonard Foundation generated $252.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $8.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard B Leonard Director, President | 0 | $0 | |
Christopher Wallace Director, Secretary | 0 | $0 | |
Peter Villanueva Director, Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $8 |
| Dividends & Interest | $2,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $252,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57 |
| Total operating and administrative expenses | $2,595 |
| Contributions, gifts, grants paid | $5,550 |
| Total expenses and disbursements | $8,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $251,065 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $376,913 |
| 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, Richard And Carol Leonard Foundation has awarded $5,550 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD FOR GREATER ELGIN PURPOSE: FOOD PANTRY | $1,600 |
NORTHERN ILLINOIS FOOD BANK PURPOSE: FOOD PANTRY | $1,600 |
THE SALVATION ARMY PURPOSE: PROGRAMS IN ELGIN, ILLINOIS AREA | $1,600 |
GAIL BORDEN PUBLIC LIBRARY FOUNDATION PURPOSE: VIOLINS OF HOPE CONCERT | $750 |