Louise R Lester Foundation Inc
- Assets
- $14.4m
- Revenue
- $1.9m
- Investments
- $13.6m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 09/2002
- Data as of
- 12/2021
- 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 12/2021, Louise R Lester Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $949.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louise R Lester Foundation Inc has awarded 190 individual grants totaling $1,860,517. 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 |
|---|---|---|---|
B J Robertson Executive Director | 40 | $87,194 | |
Lindsey A Coley Secretary | 1 | $0 | |
Elaine R Zopp President | 5 | $0 | |
Suzanne R Jones Director | 1 | $0 | |
J Lee Osborne Secretary | 1 | $0 | |
Barry Robertson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $324,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,574,040 |
| Capital Gain Net Income | $1,574,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,898,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,194 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $21,798 |
| Interest | $0 |
| Taxes | $27,731 |
| Depreciation | $698 |
| Occupancy | $17,162 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,360 |
| Total operating and administrative expenses | $306,013 |
| Contributions, gifts, grants paid | $643,325 |
| Total expenses and disbursements | $949,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,314 |
| Savings and temporary cash investments | $619,624 |
| 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 | $1,579 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,395,706 |
| Net Land, buildings, and equipment | $1,226 |
| Other assets | $0 |
| Total assets | $14,352,477 |
| 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 $643,325 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
SPCA OF MARTINSVILLE HENRY CO PURPOSE: SPAY AND NEUTER CLINIC | $50,000 |
GREENBRIER COUNTY YOUTH CAMP PURPOSE: CONSTRUCTION OUTDOOR SHELTER | $30,000 |
Roanoke, VA PURPOSE: SUPPORT COMMUNITY IMPACT FUND | $30,000 |
Boones Mill, VA PURPOSE: OPERATING EXPENSES | $30,000 |
Washington, NC PURPOSE: SCHOLARSHIP FUND/ENDOWMENT | $30,000 |
SECOND PRESBYTERIAN CHURCH PURPOSE: CAPITAL CAMPAIGN FOR NEW COMMUNITY CENTER | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |