Leross Family Foundation
- Assets
- $320.9k
- Revenue
- $15.3k
- Investments
- $317.5k
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 02/2001
- Data as of
- 08/2023
- EIN
- 91-1935333
Organization Overview
Leross Family Foundation is located in Redmond, WA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Leross 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.
For the year ending 08/2023, Leross Family Foundation generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $44.0k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leross Family Foundation has awarded 133 individual grants totaling $306,708. 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 |
|---|---|---|---|
Lester M Leross None | 0 | $0 | |
Bradley C Leross None | 0 | $0 | |
D Edson Clark Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,069 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$731 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,757 |
| Total operating and administrative expenses | $9,038 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $44,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $3,387 |
| 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 | $317,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $320,912 |
| 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, Leross Family Foundation has awarded $35,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RIVERS NW REGION PURPOSE: TO ASSIST ORGANIZATION IN IT'S EXEMPT PURPOSE | $1,000 |
AMERICAN RIVERS SW REGION PURPOSE: TO ASSIST ORGANIZATION IN IT'S EXEMPT PURPOSE | $1,000 |
EDMONDS FOOD BANK PURPOSE: TO ASSIST ORGANIZATION IN IT'S EXEMPT PURPOSE | $1,500 |
CHILDHAVEN PURPOSE: TO ASSIST ORGANIZATION IN IT'S EXEMPT PURPOSE | $1,000 |
FARESTART - SEATTLE PURPOSE: TO ASSIST ORGANIZATION IN IT'S EXEMPT PURPOSE | $2,500 |
ROUTT COUNTY RIDERS PURPOSE: TO ASSIST ORGANIZATION IN IT'S EXEMPT PURPOSE | $2,000 |