Leighton-Oare Foundation Inc
- Assets
- $21.8m
- Revenue
- $2.8m
- Investments
- $20.4m
- Employees
- 0
- Location
- Niles, MI
- Founding
- 09/1957
- Data as of
- 12/2021
- EIN
- 35-6034243
Organization Overview
Leighton-Oare Foundation Inc is located in Niles, MI. The organization was established in 1957. 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. Leighton-Oare Foundation Inc 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 12/2021, Leighton-Oare Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $749.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leighton-Oare Foundation Inc has awarded 223 individual grants totaling $4,893,145. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest M Oare President | 0 | $0 | |
Kevin J Butler Treasurer | 0 | $0 | |
Lisa Oare Shanks Neale Secretary | 0 | $0 | |
Robin Oare Butler Curtis Vice President | 0 | $0 | |
Morey Oare Director | 0 | $0 | |
James R Butler Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,850 |
| Capital Gain Net Income | $102,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,611,314 |
| Total Revenue | $2,828,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $845 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56 |
| Total operating and administrative expenses | $38,827 |
| Contributions, gifts, grants paid | $710,675 |
| Total expenses and disbursements | $749,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,439,095 |
| Savings and temporary cash investments | $0 |
| 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 | $16,899,807 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,817,355 |
| 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, Leighton-Oare Foundation Inc has awarded $1,909,425 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
ALCOHOL & ADDICTION RECOVERY CENTER PURPOSE: GENERAL | $1,000 |
ALPHA TAU OMEGA FOUNDATION PURPOSE: MEMORY OF CHRIS MORAN | $1,000 |
BACKPACKS FOR BETH INC PURPOSE: GENERAL | $10,000 |
BLOWING ROCK CHARITY HORSE SHOW FDN PURPOSE: GENERAL | $4,000 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: GENERAL | $5,000 |
BOULDER CREST FOUNDATION PURPOSE: GENERAL | $10,000 |