Leslie Powell Foundation Inc
- Assets
- $990.8k
- Revenue
- $82.5k
- Investments
- $410.2k
- Employees
- 0
- Location
- Lawton, OK
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 73-1190206
Organization Overview
Leslie Powell Foundation Inc is located in Lawton, OK. The organization was established in 1983. 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. Leslie Powell 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, Leslie Powell Foundation Inc generated $82.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $107.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LESLIE POWELL FOUNDATION, INC. OPERATES AN ART GALLERY THAT SERVES AS A DISPLAY FOR ART WORKS OF VARIOUS ARTISTS, WHICH INCLUDES HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS A MEETING PLACE FOR ART GROUPS WITHIN THE LAWTON-FT SILL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
See Attached List 1 | 0 | $0 | |
Matthew Hughes Exec Director | 40 | $42,653 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,505 |
| Interest on Savings | $2,173 |
| Dividends & Interest | $14,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $32,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $565 |
| Other Income | $0 |
| Total Revenue | $82,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,653 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,263 |
| Depreciation | $27,296 |
| Occupancy | $10,182 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,052 |
| Other expenses | $12,545 |
| Total operating and administrative expenses | $98,990 |
| Contributions, gifts, grants paid | $8,624 |
| Total expenses and disbursements | $107,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,306 |
| Savings and temporary cash investments | $23,012 |
| 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 | $17,722 |
| Net Land, buildings, and equipment | $542,263 |
| Other assets | $0 |
| Total assets | $990,782 |
| Accounts payable and accrued expenses | $1,855 |
| 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 | $1,855 |
Grants Awarded
Over the last fiscal year, Leslie Powell Foundation Inc has awarded $8,624 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMERON UNIVERSITY FOUNDATION PURPOSE: ART PROGRAMING | $4,624 |
OKLAHOMA ARTS INSTITUTE PURPOSE: ART PROGRAMING | $4,000 |