Louise R Lester Foundation Inc
- Assets
- $13.8m
- Revenue
- $479.5k
- Investments
- $12.8m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 54-2036566
Organization Overview
Louise R Lester Foundation Inc is located in Roanoke, VA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Louise R Lester 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 12/2022, Louise R Lester Foundation Inc generated $479.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louise R Lester Foundation Inc has awarded 263 individual grants totaling $2,701,269. 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 |
|---|---|---|---|
Elaine R Zopp President | 5 | $0 | |
Barry Robertson Vice President | 1 | $0 | |
B J Robertson Executive Director | 40 | $91,483 | |
Suzanne R Jones Director | 1 | $0 | |
Laura B Robertson Director | 1 | $0 | |
Lindsey A Coley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,003 |
| Dividends & Interest | $341,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $124,260 |
| Capital Gain Net Income | $124,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $479,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,021 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,870 |
| Interest | $0 |
| Taxes | $46,726 |
| Depreciation | $526 |
| Occupancy | $17,446 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,579 |
| Total operating and administrative expenses | $323,615 |
| Contributions, gifts, grants paid | $712,352 |
| Total expenses and disbursements | $1,035,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,824 |
| Savings and temporary cash investments | $851,441 |
| 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 | $1,822 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,135,569 |
| Net Land, buildings, and equipment | $700 |
| Other assets | $0 |
| Total assets | $13,795,978 |
| 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, Louise R Lester Foundation Inc has awarded $712,352 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT CARE CENTER OF ROANOKE VALLEY PURPOSE: SUE NUTTER SCHOLARSHIP FUND/GEN OP | $15,000 |
AMERICAN ADVERTISING FEDERATION OF ROANOKE PURPOSE: TWO EPISODE OF BUZZ | $10,000 |
BEAFOURT CO COMMUNITY COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP FUND/ENDOWMENT | $30,000 |
CHILDREN'S ASSISTIVE TECHNOLOGY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
COMMUNITIES IN SCHOOLS GREENBRIER COUNTY PURPOSE: STUDENT SUPPORT COORDINATORS | $10,000 |
COMMUNITY CHRISTMAS STORE PURPOSE: PROVIDE NEEDY CHILDREN WITH CHRISTMAS GIFTS | $7,650 |