Tom & Frances Leach Foundation Inc
- Assets
- $21.2m
- Revenue
- $4.0m
- Investments
- $20.7m
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 11/1958
- Data as of
- 12/2021
- 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 12/2021, Tom & Frances Leach Foundation Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 7 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 429 individual grants totaling $16,820,250. 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 |
|---|---|---|---|
John T Roswick Secretary | 2 | $5,000 | |
William L Daniel President | 3 | $5,000 | |
Todd Steinwand Vice President | 3 | $5,000 | |
Brian R Bjella Director | 3 | $4,500 | |
Don Clement Director | 2 | $4,500 | |
Ann Reich Director | 2 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,592 |
| Dividends & Interest | $553,039 |
| Net Rental Income | $201,221 |
| Net Gain on Sale of Assets | $2,645,464 |
| Capital Gain Net Income | $2,645,464 |
| Net ST Capital Gain | $28,145 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $580,071 |
| Total Revenue | $3,997,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,000 |
| Other employee salaries and wages | $37,257 |
| Pension plans, employee benefits | $1,118 |
| Interest | $0 |
| Taxes | $19,247 |
| Depreciation | $693 |
| Occupancy | $15,672 |
| Travel, conferences, and meetings | $15,913 |
| Printing and publications | $8,543 |
| Other expenses | $21,940 |
| Total operating and administrative expenses | $656,111 |
| Contributions, gifts, grants paid | $1,305,000 |
| Total expenses and disbursements | $1,961,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,294 |
| Savings and temporary cash investments | $457,147 |
| 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 | $917,153 |
| Net Land, buildings, and equipment | $2,113 |
| Other assets | $100 |
| Total assets | $21,175,748 |
| 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 | $1,246 |
| Total liabilities | $1,246 |
Grants Awarded
Over the last fiscal year, Tom & Frances Leach Foundation Inc has awarded $2,225,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
Bismarck, ND PURPOSE: SUPPORT CAPITAL CAMPAIGN TO EXPAND/UPDGRADE THE RADIATION FACILITY. | $400,000 |
Bismarck, ND PURPOSE: WORK MENTORSHIP PROGRAM - CENTER PROVIDES HANDS-ON SCIENCE EDUCATION PRESENTED TO PUBLIC BY HIGH SCHOOL AND COLLEGE STUDENTS WHO SHARE INTERACTIVE EXHIBITS AND DISPLAYS. STUDENTS IN THE PROGRAM RECEIVE PART-TIME WORKING OPPORTUNITIES TO LEARN BASIC WORK SKILLS FROM TRAINED STAFF MEMBERS. | $300,000 |
Bismarck, ND PURPOSE: 5 YEAR PLEDGE OF $500,000 SUPPORTING PURCHASE OF A PERMANENT EMERGENCY HOMELESS SHELTER "CENTER FOR OPPORTUNITY" LOCATED IN BISMARCK. BALANCE OF $200,000 AT 12/31/21. | $200,000 |
SANFORD HEALTH FOUNDATION WEST PURPOSE: SUPPORT ESTABLISHING A HEMODIALYSIS DEN AT A FACILITY IN ORDER TO ALLOW MORE PATIENTS TO BE SERVED. THIS WILL ALLOW AN ADDITIONAL 25 PEOPLE TO RECEIVE DIALYSIS. | $150,000 |
Bismarck, ND PURPOSE: SUPPORT CONSTRUCTION OF A KITCHEN FACILITY AT THE DREAM CENTER BISMARCK TO ALLOW MEALS TO BE PROVIDED 7 DAYS A WEEK TO THOSE IN NEED. PLEDGE BALANCE OF $140,000. | $140,000 |
Bismarck, ND PURPOSE: 5 YEAR PLEDGE TO CAPITAL CAMPAIGN FOR CONSTRUCTION OF NEW FACILITY. $100,000 BALANCE AT 12/31/21. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |