Ledy Family Foundation
- Assets
- $1.2m
- Revenue
- $285.6k
- Investments
- $684.6k
- Employees
- 0
- Location
- North Oaks, MN
- Founding
- Data as of
- 12/2023
- EIN
- 88-4222639
Organization Overview
Ledy Family Foundation is located in North Oaks, MN. 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. Ledy 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, Ledy Family Foundation generated $285.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.6%) each year.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ledy President | 1 | $0 | |
John Ledy Treasurer | 1 | $0 | |
Jenna Huiras Secretary | 1 | $55 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,183 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $285,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $13,967 |
| Contributions, gifts, grants paid | $95,600 |
| Total expenses and disbursements | $109,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,845 |
| Savings and temporary cash investments | $487,638 |
| 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 | $684,563 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,179,046 |
| 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, Ledy Family Foundation has awarded $95,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE NEST RETREAT CENTER PURPOSE: GENERAL OPERATING & CHOSEN MOVIE | $58,100 |
COMPASSION CONNECTION PURPOSE: GENERAL OPERATING | $6,400 |
JACK'S BASKET PURPOSE: GENERAL OPERATING | $2,900 |
HENDRICKSON FOUNDATION PURPOSE: GENERAL OPERATING | $4,800 |
EVERYMEAL PURPOSE: GENERAL OPERATING | $2,400 |
WHITE BEAR FOOD SHELF PURPOSE: GENERAL OPERATING | $2,400 |