Tom & Frances Leach Foundation Inc
- Assets
- $22.8m
- Revenue
- $2.8m
- Investments
- $20.6m
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 11/1958
- Data as of
- 12/2023
- EIN
- 45-6012703
Organization Overview
Tom & Frances Leach Foundation Inc is located in Bismarck, ND. The organization was established in 1958. 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. Tom & Frances Leach 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 12/2023, Tom & Frances Leach Foundation Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 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.
Since 2015, Tom & Frances Leach Foundation Inc has awarded 651 individual grants totaling $24,142,250. 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 |
|---|---|---|---|
William L Daniel President | 0 | $5,000 | |
Todd Steinwand Vice Preside | 0 | $5,000 | |
Don Clement Secretary/tr | 0 | $5,000 | |
Brian R Bjella Director | 0 | $4,500 | |
Ann Reich Director | 0 | $4,500 | |
David L Goodin Director | 0 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,204 |
| Dividends & Interest | $874,018 |
| Net Rental Income | $265,697 |
| Net Gain on Sale of Assets | $401,266 |
| Capital Gain Net Income | $401,266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,279,894 |
| Total Revenue | $2,843,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,500 |
| Other employee salaries and wages | $39,187 |
| Pension plans, employee benefits | $4,174 |
| Interest | $0 |
| Taxes | $13,723 |
| Depreciation | $1,115 |
| Occupancy | $16,172 |
| Travel, conferences, and meetings | $32,901 |
| Printing and publications | $17,918 |
| Other expenses | $26,201 |
| Total operating and administrative expenses | $409,068 |
| Contributions, gifts, grants paid | $1,460,000 |
| Total expenses and disbursements | $1,869,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,491 |
| Savings and temporary cash investments | $2,261,712 |
| 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 | $1,263,362 |
| Net Land, buildings, and equipment | $5,957 |
| Other assets | $100 |
| Total assets | $22,831,072 |
| 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 | $815 |
| Total liabilities | $815 |
Grants Awarded
Over the last fiscal year, Tom & Frances Leach Foundation Inc has awarded $2,670,000 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
318 PROJECT PURPOSE: HUMAN TRAFFICKING PUBLIC AWARENESS | $30,000 |
ABUSED ADULT RESOURCE CENTER PURPOSE: DOMESTIC VIOLENCE SHELTER OPERATIONS | $20,000 |
AID INCORPORATED PURPOSE: SUPPORT TO COMMUNITY MEMBERS IN NEED | $10,000 |
ANNE CARLSEN CENTER PURPOSE: CAPITAL CAMPAIGN FOR BUILDING | $20,000 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF IN COMMUNITY | $15,000 |
AO1 FOUNDATION INC PURPOSE: MINISTRY PROVIDING SUMMER CAMPS | $15,000 |