Leader Bank Charitable Foundation Corporation
- Assets
- $434.3k
- Revenue
- $3.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 09/2019
- Data as of
- 12/2022
- 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 12/2022, Leader Bank Charitable Foundation Corporation generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (70.3%) each year. All expenses for the organization totaled $78.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leader Bank Charitable Foundation Corporation has awarded 67 individual grants totaling $226,400. 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 & Director | 0 | $0 | |
Brian Taylor Treasurer | 0.5 | $0 | |
Brook Ames Secretary | 1 | $0 | |
Peter Conrad Director | 0.25 | $0 | |
Priscilla Douglas Director | 0.25 | $0 | |
Vilangadu Narayanan Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,167 |
| 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 | $3,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $67 |
| Contributions, gifts, grants paid | $78,100 |
| Total expenses and disbursements | $78,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,759 |
| Savings and temporary cash investments | $408,582 |
| 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 | $434,341 |
| 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 $78,100 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BEST BUDDIES INTERNATIONAL PURPOSE: EDUCATIONAL SUPPORT | $3,250 |
MASSACHUSETTS CDC PURPOSE: FINANCIAL AND HOUSING EDUCATION | $2,000 |
MASS AFFORDABLE HOUSING ALLIANCE PURPOSE: AFFORDABLE HOUSING ASSISTANCE | $5,000 |
ALLSTON BRIGHTON CDC PURPOSE: AFFORDABLE HOUSING ASSISTANCE | $2,000 |
ADOPT-A-STUDENT FOUNDATION PURPOSE: EDUCATIONAL SUPPORT | $2,000 |
AKSHAYA PATRA FOUNDATION USA PURPOSE: HEALTH & EDUCATION SUPPORT | $5,000 |