Lear Family Foundation
- Assets
- $10.8m
- Revenue
- $535.0k
- Investments
- $10.1m
- Employees
- 0
- Location
- Culver City, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 95-4661216
Organization Overview
Lear Family Foundation is located in Culver City, CA. The organization was established in 1998. 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. Lear 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 12/2021, Lear Family Foundation generated $535.0k 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 (44.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lear Family Foundation has awarded 381 individual grants totaling $10,765,079. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Lear President, Director | 20 | $0 | |
Julie Dyer Treasurer | 12 | $0 | |
Lyn Lear Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $331,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $188,228 |
| Capital Gain Net Income | $188,228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,217 |
| Total Revenue | $535,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,675 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $210 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,388 |
| Total operating and administrative expenses | $399,274 |
| Contributions, gifts, grants paid | $1,234,600 |
| Total expenses and disbursements | $1,633,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,073 |
| Savings and temporary cash investments | $193,612 |
| 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 | $300,000 |
| 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 | $81,984 |
| Total assets | $10,816,386 |
| Accounts payable and accrued expenses | $109,382 |
| 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 | $45,384 |
| Total liabilities | $154,766 |
Grants Awarded
Over the last fiscal year, Lear Family Foundation has awarded $1,461,250 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF SOUTHERN CALIFORNIA PURPOSE: CHARITABLE | $10,000 |
BALLET HISPANICO PURPOSE: CHARITABLE | $20,000 |
BIG GREEN PURPOSE: CHARITABLE | $7,500 |
CENTURY CITY CHAMBER OF COMMER PURPOSE: CHARITABLE | $500 |
CLIMATE EMERGENCY FUND PURPOSE: CHARITABLE | $10,000 |
CREATIVE VISIONS PURPOSE: CHARITABLE | $10,000 |