Leader Bank Charitable Foundation Corporation
- Assets
- $509.3k
- Revenue
- $2.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-3443018
Organization Overview
Leader Bank Charitable Foundation Corporation is located in Arlington, MA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Leader Bank Charitable Foundation Corporation 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, Leader Bank Charitable Foundation Corporation generated $2.4k in total revenue. All expenses for the organization totaled $101.4k during the year ending 12/2021.
Since 2020, Leader Bank Charitable Foundation Corporation has awarded 41 individual grants totaling $148,300. 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 |
|---|---|---|---|
Sushil Tuli President | 0.5 | $0 | |
Brian Taylor Treasurer | 0.5 | $0 | |
Brook Ames Secretary | 1 | $0 | |
Peter Conrad Director | 0.25 | $0 | |
Priscilla Douglas Director | 0.25 | $0 | |
Eric Silverman Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,414 |
| Dividends & Interest | $0 |
| 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 | $2,414 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $345 |
| Contributions, gifts, grants paid | $101,100 |
| Total expenses and disbursements | $101,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,926 |
| Savings and temporary cash investments | $465,415 |
| 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 | $509,341 |
| 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, Leader Bank Charitable Foundation Corporation has awarded $101,100 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: MEDICAL AID ASSISTANCE | $50,000 |
Canoga Park, CA PURPOSE: HEALTH & EDUCATION SUPPORT | $5,000 |
Dorchester, MA PURPOSE: AFFORDABLE HOUSING ASSISTANCE | $5,000 |
Dedham, MA PURPOSE: EDUCATIONAL SUPPORT | $5,000 |
FOODLINK INC PURPOSE: HUNGER RELIEF | $3,500 |
THE CHILDREN'S ROOM PURPOSE: CHILD SUPPORT SERVICES | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |