Lesher Family Foundation
- Assets
- $36.2m
- Revenue
- $40.7m
- Investments
- $34.8m
- Employees
- 0
- Location
- Rockport, ME
- Founding
- Data as of
- 06/2022
- EIN
- 87-1858339
Organization Overview
Lesher Family Foundation is located in Rockport, ME. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lesher Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LESHER FAMILY FOUNDATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION THAT SEEKS TO EMPOWER PEOPLE TO TAKE AN ACTIVE ROLE IN POSITIVELY SHAPING WHERE AND HOW THEY LIVE. IN FURTHERANCE OF THESE OBJECTIVES, THE LESHER FAMILY FOUNDATION PLANS TO ESTABLISH LITERACY STUDIOS TO ENCOURAGE EARLY CHILDHOOD EDUCATION, FACILITATE THE DEVELOPMENT AND DELIVERY OF WORKFORCE HOUSING, AND SUPPORT RESPONSIBLE LAND STEWARDSHIP, ETHICAL FARMING PRACTICES AND ANIMAL HUSBANDRY, AMONG OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ETHICAL FARMING, ANIMAL HUSBANDRY AND LAND STEWARDSHIP
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Griffin Lesher President | OfficerTrustee | 1 | $0 |
Justin Lesher Treasurer And Int Executive Director | OfficerTrustee | 21 | $37,350 |
Linda Lesher Vice President | Trustee | 10 | $0 |
Nicholas Lesher Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,670,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,670,579 |
| Total Program Service Revenue | $0 |
| Investment income | $88,629 |
| Tax Exempt Bond Proceeds | $179,967 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$231,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,708,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,130,094 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,800 |
| Compensation of current officers, directors, key employees. | $49,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,448 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,072 |
| Fees for services: Other | $187 |
| Advertising and promotion | $3,750 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $99 |
| Total functional expenses | $1,252,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,429,480 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,769,584 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,199,064 |
| Accounts payable and accrued expenses | $28,301 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,301 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $36,170,763 |
| Total liabilities and net assets/fund balances | $36,199,064 |
Grants Awarded
Over the last fiscal year, Lesher Family Foundation has awarded $1,122,325 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE AUTHORS GUILD FOUNDATION PURPOSE: GENERAL FUNDS | $50,000 |
TOWN OF ROCKPORT PURPOSE: ROCKPORT PUBLIC LIBRARY | $60,000 |
WESTOVER SCHOOL PURPOSE: "WISE" PROGRAM (PROMOTING STEM PATHWAYS) | $50,000 |
YWCA TULSA PURPOSE: FILM PRODUCTION (AFGHAN WOMEN'S RESETTLEMENT EXPERIENCE IN TULSA); DEVELOPMENT OF DRIVERS EDUCATION CURRICULUM | $27,500 |
DARROWBY FARM SANCTUARY PURPOSE: OPERATING BUDGET (H1 FY21) | $239,200 |
DARROWBY FARM SANCTUARY PURPOSE: WORKFORCE HOUSING PROPERTY PURCHASE (DOWN PAYMENT) | $10,000 |