Lester E Yeager Charitable Trust B
- Assets
- $4.8m
- Revenue
- $388.0k
- Investments
- $4.5m
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 61-1159548
Organization Overview
Lester E Yeager Charitable Trust B is located in Owensboro, KY. The organization was established in 1989. 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. Lester E Yeager Charitable Trust B 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, Lester E Yeager Charitable Trust B generated $388.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $407.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lester E Yeager Charitable Trust B has awarded 99 individual grants totaling $727,621. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE DISTRIBUTED TO 34 ORGANIZATIONS WITHIN THE WESTERN KENTUCKY/SOUTHERN INDIANA GEOGRAHPIC REGION AT AN AVERAGE OF ABOUT $8,500 PER ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald W Haas Trustee | 0.5 | $2,000 | |
Nancy Kennedy Trustee | 1 | $24,000 | |
William Wilson Jr Trustee | 12 | $24,000 | |
Donna Porter Trustee | 12 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,180 |
| Dividends & Interest | $184,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $200,506 |
| Capital Gain Net Income | $200,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $388,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,233 |
| Depreciation | $0 |
| Occupancy | $3,109 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,688 |
| Total operating and administrative expenses | $120,653 |
| Contributions, gifts, grants paid | $287,071 |
| Total expenses and disbursements | $407,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,692 |
| Savings and temporary cash investments | $363,320 |
| 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 | $4,827,574 |
| 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 | $519 |
| Total liabilities | $519 |
Grants Awarded
Over the last fiscal year, Lester E Yeager Charitable Trust B has awarded $287,071 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS WESTERN KY REGION PURPOSE: HOME FIRE FINANCIAL ASSISTANCE PROGRAM FOR FAMILIES WHO HAVE SUFFERED LOSS DUE TO FIRE | $25,000 |
AUDUBON AREA COMMUNITY SERVICES PURPOSE: PROVIDE MILEAGE REIMBURSEMENT OR TRANSPORTATION TO MEMBERS SERVING IN NON-PROFIT AGENCIES | $4,500 |
CLIFF HAGAN BOYS & GIRLS CLUB PURPOSE: OPERATING EXPENSES FOR MIKE HORN UNIT WHICH INCLUDES YOUTH DEVELOPMENT, UTILITIES, MAINTENANCE. OPERATING EXPENSES HAVE RISEN ACROSS THE BOARD | $10,000 |
COMMUNITY DENTAL CLINIC PURPOSE: CHARITY CARE FUND WHICH BRIDGES THE GAP IN COST OF DENTAL SERVICE AND WHAT PATIENT CAN AFFORD TO PAY | $12,000 |
CROSSROADS INC PURPOSE: HALF OF UTILITIES FOR 2023; COLD CASE UNIT FOR FOOD, PAY FOR WORKERS OVERNIGHT; HALF OF BUS TOKENS FOR A YEAR; 3 MONTHS MORTGAGE PAYMENT | $16,144 |
EASTER SEALS REHABILITATION CENTER PURPOSE: HELP UNDERWRITE THERAPY SERVICES FOR DISADVANTAGED CHILDREN AND ADULTS WITH DISABILITIES IN KY, IN, IL | $4,000 |