Lenoir Charitable Tr
- Assets
- $19.1m
- Revenue
- $1.8m
- Investments
- $17.5m
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-6682909
Organization Overview
Lenoir Charitable Tr is located in Boca Grande, FL. The organization was established in 2015. 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. Lenoir Charitable Tr 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, Lenoir Charitable Tr generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lenoir Charitable Tr has awarded 365 individual grants totaling $7,864,500. 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 |
|---|---|---|---|
Orrin S Wightman IV Officer | 5 | $50,000 | |
Letitia W Scott Officer | 5 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $515,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,310,761 |
| Capital Gain Net Income | $1,310,761 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,826,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $248 |
| Taxes | $12,176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $351,343 |
| Contributions, gifts, grants paid | $1,420,000 |
| Total expenses and disbursements | $1,771,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,573,148 |
| 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 | $12,160,634 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,074,893 |
| 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, Lenoir Charitable Tr has awarded $1,420,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
29 BELLEVUE AVE FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
ALTERNATIVE MEDICINE ALLIANCE PURPOSE: GENERAL SUPPORT | $15,000 |
BARRIER ISLAND PARKS SOCIETY PURPOSE: GENERAL SUPPORT | $10,000 |
AVIATIONNATION DBA VIRTUAL FLIGHT ACADEMY PURPOSE: GENERAL SUPPORT | $30,000 |
BOCA GRANDE HEALTH CLINIC FOUNDATION INC PURPOSE: GENERAL SUPPORT | $65,000 |
BOCA GRANDE HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $5,000 |