W Lester Brooks Foundation Inc
- Assets
- $796.1k
- Revenue
- $52.8k
- Investments
- $790.5k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1960
- Data as of
- 11/2023
- EIN
- 56-6060695
Organization Overview
W Lester Brooks Foundation Inc is located in Charlotte, NC. The organization was established in 1960. 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. W Lester Brooks 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.
Since 2021, W Lester Brooks Foundation Inc has awarded 70 individual grants totaling $164,700. 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 |
|---|---|---|---|
Carter B Macbain Vice Preside | 1 | $0 | |
Janet B Dudley Secretary | 0.5 | $0 | |
William L Brooks III President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $61,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,711 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,425 |
| Contributions, gifts, grants paid | $54,500 |
| Total expenses and disbursements | $55,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,577 |
| 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 | $0 |
| Total assets | $796,059 |
| 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, W Lester Brooks Foundation Inc has awarded $54,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
A TOUCH OF THE FATHER'S LOVE INC PURPOSE: PROVIDE FOOD TO NEEDY | $3,000 |
CAMP SEAGALLSEAFARER ANNUAL FUND PURPOSE: FOR CAMP EXPERIENCE FOR ALL CHILDREN | $1,500 |
CENTRAL CITY CONCERN PURPOSE: FOR HOMELESS INDIVIDUALS | $3,000 |
COMMUNITY BUILDING INITIATIVE PURPOSE: FOR AFFORDABLE HOUSING | $500 |
DIX PARK CONSERVANCY PURPOSE: SUPPORT THE CITY OF RALEIGH | $1,000 |
EDISON HIGH SCHOOL PURPOSE: EDUCATION FOR DIVERSE STUDENT GROUPS | $2,000 |