Iris And Junming Le Foundationtrust Dated 3-10-06
- Assets
- $19.4m
- Revenue
- $498.1k
- Investments
- $15.1m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-6861899
Organization Overview
Iris And Junming Le Foundationtrust Dated 3-10-06 is located in Boca Raton, FL. The organization was established in 2007. 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. Iris And Junming Le Foundationtrust Dated 3-10-06 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, Iris And Junming Le Foundationtrust Dated 3-10-06 generated $498.1k 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 (18.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Iris And Junming Le Foundationtrust Dated 3-10-06 has awarded 35 individual grants totaling $7,923,860. 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 |
|---|---|---|---|
Junming Le Trustee | 5 | $0 | |
Sai Hong Yan Trustee | 5 | $0 | |
Daniella Loh Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,573 |
| Dividends & Interest | $143,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $331,051 |
| Capital Gain Net Income | $331,051 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $498,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,769 |
| Printing and publications | $0 |
| Other expenses | $7,980 |
| Total operating and administrative expenses | $36,481 |
| Contributions, gifts, grants paid | $1,060,000 |
| Total expenses and disbursements | $1,096,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,125 |
| Savings and temporary cash investments | $2,115,564 |
| 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 | $2,098,603 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,678,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,383 |
| Total assets | $19,399,342 |
| 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, Iris And Junming Le Foundationtrust Dated 3-10-06 has awarded $1,060,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC PURPOSE: MEDICAL RESEARCH | $500,000 |
FRIENDS OF THE UBS OPTIMUS FOUNDATION FUND PURPOSE: GENERAL PHILANTHROPY | $450,000 |
FRIENDS OF GRACE CHURCH SCHOOL PURPOSE: EDUCATIONAL | $3,000 |
INSTITUTE OF CHUNG-HWA BUDDHIST CULTURE INC PURPOSE: RELIGIOUS | $22,000 |
QUEENS LIBRARY FOUNDATION PURPOSE: EDUCATION | $85,000 |