Lz Francis Foundation
- Assets
- $7.0m
- Revenue
- $421.5k
- Investments
- $5.7m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 34-1721860
Organization Overview
Lz Francis Foundation is located in Cleveland, OH. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lz Francis 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 12/2022, Lz Francis Foundation generated $421.5k 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 (8.7%) each year. All expenses for the organization totaled $862.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lz Francis Foundation has awarded 291 individual grants totaling $5,350,700. 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 |
|---|---|---|---|
Katharine Nason Tipper Pres/treasurer | 0 | $0 | |
Charles F Tipper Vice Pres/secretary | 10 | $57,750 | |
Jessica A Oski Vice Pres/asst. Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $313,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,189 |
| Capital Gain Net Income | $107,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $421,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,773 |
| Total operating and administrative expenses | $204,240 |
| Contributions, gifts, grants paid | $658,500 |
| Total expenses and disbursements | $862,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $807,735 |
| 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 | $3,269,586 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $505,585 |
| Total assets | $6,999,584 |
| 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, Lz Francis Foundation has awarded $658,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING CHITTENDEN PURPOSE: UNRESTRICTED | $5,000 |
VERMONT COMMUNITY FOUNDATION PURPOSE: PHASE 2 OF THIS WAY UP | $5,000 |
THE NATURE CONSERVANCY VERMONT CHAPTER PURPOSE: DAM REMOVAL PROJECT | $80,000 |
COMMITTEE ON TEMPORARY SHELTER PURPOSE: FOR HOUSING RESOURCE CENTER | $5,000 |
COMMUNITY HEALTH CENTER OF BURLINGTON PURPOSE: UNRESTRICTED | $5,000 |
NATURAL RESOURCES DEFENSE PURPOSE: UNRESTRICTED | $5,000 |