Leon And Ollie Craig Foundation Inc
- Assets
- $2.1m
- Revenue
- $57.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Visalia, CA
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 77-0475709
Organization Overview
Leon And Ollie Craig Foundation Inc is located in Visalia, CA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leon And Ollie Craig 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, Leon And Ollie Craig Foundation Inc generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (40.4%) each year. All expenses for the organization totaled $137.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Leon And Ollie Craig Foundation Inc has awarded 61 individual grants totaling $497,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS FURTHERING EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Orlopp President | 0 | $0 | |
Gary Burns Secretary | 0 | $0 | |
Traci Clevenger Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,856 |
| Dividends & Interest | $47,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25 |
| Capital Gain Net Income | $25 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,080 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54 |
| Total operating and administrative expenses | $39,532 |
| Contributions, gifts, grants paid | $98,000 |
| Total expenses and disbursements | $137,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,561 |
| 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 | $151,448 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,621,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,650 |
| Total assets | $2,078,220 |
| 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, Leon And Ollie Craig Foundation Inc has awarded $98,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
REDWOOD HIGH SCHOOL SCHOLARSHIP PRO PURPOSE: SCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION | $17,000 |
GOLDEN WEST HIGH SCHOOL SCHOLARSHIP PURPOSE: SCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION | $7,000 |
EL DIAMANTE HIGH SCHOOL SCHOLARSHIP PURPOSE: SCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION | $7,000 |
TULARE JOINT UNION HIGH SCHOOL PURPOSE: SCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION | $36,000 |
WOODLAKE UNION HIGH SCHOOL SCHOLARS PURPOSE: SCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION | $17,000 |
MT WHITNEY HIGH SCHOOL SCHOLARSHIP PURPOSE: SCHOLARSHIP AWARDED TO FURTHER COLLEGE EDUCATION | $7,000 |