Leighty Foundation
- Assets
- $4.9m
- Revenue
- $367.7k
- Investments
- $4.9m
- Employees
- 0
- Location
- Juneau, AK
- Founding
- 01/1986
- Data as of
- 08/2022
- EIN
- 42-1264476
Organization Overview
Leighty Foundation is located in Juneau, AK. The organization was established in 1986. 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. Leighty 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 08/2022, Leighty Foundation generated $367.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $503.3k during the year ending 08/2022. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARTH PROTECTION THE FOUNDATION CONDUCTS AND SPONSORS RESEARCH WITH A FOCUS ON CO2 EMISSION-FREE ENERGY SOURCES AND INFRASTRUCTURE SYSTEMS. THE FOUNDATION PARTICIPATES IN, PRESENTS AT, AND HAS PAPERS PUBLISHED IN, THE PROCEEDINGS OF REGIONAL, NATIONAL AND INTERNATIONAL ENERGY CONFERENCES, GENERALLY ON THE TOPIC OF ALTERNATIVES TO ELECTRICITY FOR TRANSMISSION, STORAGE, AND INTEGRATION OF STRANDED RENEWABLES-SOURCE ENERGY, BOTH CENTRALIZED AND DISTRIBUTED. THIS INCLUDES COMPLETE ENERGY SYSTEMS BASED ON HYDROGEN AND ANHYDROUS AMMONIA AS ENERGY CARRIERS, STORAGE MEDIA, AND CARBON-FREE FUELS. THE PAPERS, POSTERS, AND POWERPOINT PRESENTATIONS ARE AVAILABLE TO THE PUBLIC AT THE WEBSITE. SEE WEBSITE: WWW.LEIGHTYFOUNDATION.ORG THIS PROGRAM IS MANAGED BY WILLIAM C. LEIGHTY.
PHILANTHROPY AND STRATEGIC VOLUNTEER ENGAGEMENT IN PROMOTION OF PHILANTHROPY, THE FOUNDATION EMPLOYS A STRATEGY WHICH INCLUDES LEADERSHIP AND INVOLVEMENT IN ORGANIZATIONS AND MOVEMENTS AT THE LOCAL, REGIONAL AND NATIONAL LEVELS. THE PRIMARY FOCUS IS ON WOMEN'S AND FAMILY PHILANTHROPY. NATIONALLY, OUR WORK INCLUDES SUPPORT AND LEADERSHIP OF ORGANIZATIONS SUCH AS: EXPONENT PHILANTHROPY, WOMEN'S PHILANTHROPY INSTITUTE/INDIANA UNIVERSITY LILLY FAMILY SCHOOL OF PHILANTHROPY, NATIONAL CENTER FOR FAMILY PHILANTHROPY, PHILANTHROPY FOR ACTIVE CIVIC ENGAGEMENT (PACE), AND GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS (GEO). THE FOUNDATION WORKS NATIONALLY TO ENSURE STRATEGIC VOLUNTEER ENGAGEMENT WILL BE A STANDARD PRINCIPLE AND BEST PRACTICE IN THE SOCIAL SECTOR AND INCREASE FUNDING TO EMPOWER NONPROFIT ORGANIZATIONS TO EXPAND THEIR IMPACT AND MAXIMIZE MISSION FULFILLMENT THROUGH STRATEGIC DEPLOYMENT OF VOLUNTEER ENERGY. FOUNDATION WORK IN SUPPORT OF STRATEGIC VOLUNTEER ENGAGEMENT INCLUDES SUPPORTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Leighty Dir/vp/prg D | 30 | $0 | |
Jane Justis Dir/pres/prg | 30 | $0 | |
Nancy Waterman Dir/scy/trs/ | 10 | $0 | |
Heidi Reifenstein Director | 3 | $0 | |
Robert Justis Director/vp | 3 | $0 | |
Wayne Leighty Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategy Action Consulting Llc | 8/30/22 | $68,774 |
Adisa Llc | 8/30/22 | $73,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,203 |
| Dividends & Interest | $127,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $233,551 |
| Capital Gain Net Income | $233,551 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $367,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,413 |
| Pension plans, employee benefits | $108 |
| Interest | $0 |
| Taxes | $6,107 |
| Depreciation | $0 |
| Occupancy | $158 |
| Travel, conferences, and meetings | $47,675 |
| Printing and publications | $0 |
| Other expenses | $2,909 |
| Total operating and administrative expenses | $227,804 |
| Contributions, gifts, grants paid | $275,500 |
| Total expenses and disbursements | $503,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,432 |
| 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 | $0 |
| Other assets | $338 |
| Total assets | $4,919,480 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |