Lassiter Family Charitable Foundation Inc
- Assets
- $10.8m
- Revenue
- $972.6k
- Investments
- $10.3m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2013
- Data as of
- 06/2023
- EIN
- 46-1402786
Organization Overview
Lassiter Family Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 2013. 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. Lassiter Family Charitable 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 06/2023, Lassiter Family Charitable Foundation Inc generated $972.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $724.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lassiter Family Charitable Foundation Inc has awarded 142 individual grants totaling $2,967,750. 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 |
|---|---|---|---|
Eg Lassiter III President | 8 | $0 | |
Marianne B Lassiter Secretary | 1 | $0 | |
Dr Richard G Lassiter Treasurer | 0.25 | $0 | |
Ann Marie Grace Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $327,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $645,122 |
| Capital Gain Net Income | $645,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $972,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,631 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $212 |
| Total operating and administrative expenses | $91,169 |
| Contributions, gifts, grants paid | $633,000 |
| Total expenses and disbursements | $724,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,008 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $174,933 |
| Total assets | $10,774,027 |
| 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, Lassiter Family Charitable Foundation Inc has awarded $633,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA SIGMA PHI FOUNDATION PURPOSE: YOUTH DEVELOPMENT | $5,000 |
AMERICAN RED CROSS PURPOSE: GLOBAL CATASTROPHE RELIEF | $20,000 |
ATLANTA AREA COUNCIL BSA PURPOSE: YOUTH DEVELOPMENT | $10,000 |
ATLANTA BOTANICAL GARDEN PURPOSE: COMMUNITY EDUCATION | $2,000 |
ATLANTA HISTORY CENTER PURPOSE: COMMUNITY EDUCATION | $2,500 |
ATLANTA RONALD MCDONALD HOUSE PURPOSE: FAMILY SUPPORT | $10,000 |