Lester Family Foundation
- Assets
- $217.4k
- Revenue
- $22.3k
- Investments
- $211.6k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 73-1622433
Organization Overview
Lester Family Foundation is located in Oklahoma City, OK. 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. Lester Family Foundation 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 12/2023, Lester Family Foundation generated $22.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $21.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lester Family Foundation has awarded 188 individual grants totaling $261,000. 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 |
|---|---|---|---|
J Mark Lester Trustee | 0 | $0 | |
Carol A Lester Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,614 |
| Dividends & Interest | $6,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,120 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,349 |
| 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 | $573 |
| Total operating and administrative expenses | $973 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,849 |
| 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 | $217,439 |
| 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, Lester Family Foundation has awarded $20,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS OKLAHOMA PURPOSE: CONTINUING OPERATIONS | $500 |
SIGMA CHI FOUNDATION PURPOSE: CONTINUING OPERATIONS | $2,000 |
PURDUE FOR LIFE FOUNDATION PURPOSE: CONTINUING OPERATIONS | $5,000 |
YMCA OF GREATER OKLAHOMA CITY PURPOSE: CONTINUING OPERATIONS | $500 |
OKLAHOMA SCHOOL OF SCIENCE MATH FOU PURPOSE: CONTINUING OPERATIONS | $500 |
IMPACT OKLAHOMA PURPOSE: CONTINUING OPERATIONS | $1,500 |