Red And Gena Leonard Foundation
- Assets
- $3.5m
- Revenue
- $139.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Hermiston, OR
- Founding
- 06/1998
- Data as of
- 06/2023
- EIN
- 93-1232272
Organization Overview
Red And Gena Leonard Foundation is located in Hermiston, OR. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red And Gena 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 06/2023, Red And Gena Leonard Foundation generated $139.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $350.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Red And Gena Leonard Foundation has awarded 19 individual grants totaling $1,876,937. 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 |
|---|---|---|---|
Glenn S Chowning President | 0.5 | $0 | |
Nancy Mabry Treasurer & | 0.5 | $0 | |
Darrell Green Director | 0.5 | $0 | |
Jeff Bailey Director | 0.5 | $0 | |
Larry Mills Vice Preside | 0.5 | $0 | |
Tracy Gammell Executive Di | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $115,463 |
| Net Rental Income | $3,600 |
| Net Gain on Sale of Assets | $20,842 |
| Capital Gain Net Income | $20,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,645 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,085 |
| Total operating and administrative expenses | $108,491 |
| Contributions, gifts, grants paid | $242,033 |
| Total expenses and disbursements | $350,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,624 |
| Savings and temporary cash investments | $139,825 |
| 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 | $176,352 |
| 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 | $86,052 |
| Other assets | $0 |
| Total assets | $3,483,234 |
| 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, Red And Gena Leonard Foundation has awarded $242,033 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS INDIVIDUAL SCHOLARSHIPS PURPOSE: SCHOLARSHIPS PAID TO INSTITUTIONS | $228,033 |
BLUE MT COMMUNITY COLLEGE PURPOSE: NURSING/TRIO PROGRAM GRANTS | $14,000 |