Lied Foundation Trust
- Assets
- $3.4m
- Revenue
- $372.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/1973
- Data as of
- 12/2023
- EIN
- 23-7282946
Organization Overview
Lied Foundation Trust is located in Las Vegas, NV. The organization was established in 1973. 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. Lied Foundation Trust 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 12/2023, Lied Foundation Trust generated $372.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $654.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lied Foundation Trust has awarded 45 individual grants totaling $2,993,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S CHARITABLE PURPOSES ARE ACCOMPLISHED SOLELY THROUGH CHARITABLE GIFTS AND GRANTS; IT DOES NOT CONDUCT DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Mann Maintenance | 40 | $67,963 | |
Dennis H Smith Office Manag | 40 | $67,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76,532 |
| Dividends & Interest | $1,725 |
| Net Rental Income | $318,627 |
| Net Gain on Sale of Assets | -$24,467 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $372,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $187,463 |
| Pension plans, employee benefits | $42,029 |
| Interest | $0 |
| Taxes | $23,885 |
| Depreciation | $16,032 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,368 |
| Total operating and administrative expenses | $404,727 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $654,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,832 |
| Savings and temporary cash investments | $69,640 |
| 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 | $833,686 |
| Other assets | $0 |
| Total assets | $3,359,816 |
| 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 | $18,210 |
| Total liabilities | $18,210 |
Grants Awarded
Over the last fiscal year, Lied Foundation Trust has awarded $250,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF SOUTHERN PURPOSE: FOOD FOR LIED DINING ROOM | $50,000 |
GRACE PRESBYTERIAN CHURCH PURPOSE: GENERAL DONATION | $50,000 |
OPPORTUNITY VILLAGE PURPOSE: JOB DISCOVERY II PROGRAM | $50,000 |
NEVADA BALLET THEATRE PURPOSE: FUTURE DANCE OUTREACH PROGRAM | $50,000 |
THE ANIMAL FOUNDATION PURPOSE: GENERAL OPERATIONS OF ANIMAL SHELTER | $50,000 |