Letham Family Foundation
- Assets
- $1.9m
- Revenue
- $215.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 84-3961500
Organization Overview
Letham Family Foundation is located in Naples, FL. The organization was established in 2020. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Letham 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, Letham Family Foundation generated $215.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis J Letham Trustee | 0.25 | $0 | |
Frances W Letham Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,578 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,609 |
| Capital Gain Net Income | $48,609 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $215,064 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,118 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $95,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,652 |
| Savings and temporary cash investments | $613,522 |
| 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 | $334,330 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,854,343 |
| 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, Letham Family Foundation has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE PLACE FOR CHILDREN AND FAMILIES INC PURPOSE: GENERAL PURPOSES | $45,000 |
WESTINGHOUSE ARTS ACADEMY PURPOSE: GENERAL PURPOSES | $20,000 |
RAINER SCHOLARS PURPOSE: GENERAL PURPOSES | $15,000 |