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← LESHER FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by LESHER FAMILY FOUNDATION.

Totals

Total revenue
-$1,702,710
Total expenses
$1,064,655
Contributions and grants received
$0
Grants paid
$653,900
Program service revenue
$201,246
Investment income
-$1,903,956
Other revenue
$0
Total assets, end of year
$38,288,823
Total liabilities, end of year
$15,068
Net assets or fund balances, end of year
$38,273,755
Program services expenses (Part IX)
$653,900
Management and general expenses
$410,755
Fundraising expenses
$0
Program service expenses (Part III)
$653,900

Program services were 61.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FROM K-1S

    total $201,246 · excluded $201,246

  • 3 · Investment income

    total $481,334 · excluded $481,334

  • 4 · Income from investment of tax-exempt bond proceeds

    total $64,655 · excluded $64,655

  • 7a · Gross sales of assets other than inventory

    securities $25,940,199

  • 7b · Less cost or other basis and sales expenses

    securities $28,390,144

  • 7c · Gain or loss

    securities -$2,449,945

  • 7d · Net gain or loss

    total -$2,449,945 · excluded -$2,449,945

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $653,900 · program services $653,900

  • 5 · Compensation of officers, directors and key employees

    total $18,000 · management and general $18,000

  • 7 · Other salaries and wages

    total $29,775 · management and general $29,775

  • 11a · Fees: management

    total $30,000 · management and general $30,000

  • 11b · Fees: legal

    total $9,218 · management and general $9,218

  • 11c · Fees: accounting

    total $5,031 · management and general $5,031

  • 11f · Fees: investment management

    total $191,655 · management and general $191,655

  • 11g · Fees: other

    total $100,293 · management and general $100,293

  • 12 · Advertising and promotion

    total $10,955 · management and general $10,955

  • 13 · Office expenses

    total $6,582 · management and general $6,582

  • 17 · Travel

    total $3,743 · management and general $3,743

  • 22 · Depreciation, depletion and amortization

    total $2,075 · management and general $2,075

  • 23 · Insurance

    total $3,428 · management and general $3,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,429,480 · end of year $107,484

  • 2 · Savings and temporary cash investments

    end of year $1,040,354

  • 10a · Land, buildings and equipment: cost or other basis

    $2,561

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,075

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $486

  • 12 · Investments: other securities

    beginning of year $34,769,584 · end of year $37,140,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,301 · end of year $15,068

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $36,170,763 · end of year $38,273,755

Mission and programs · 2022

Mission

REVITALIZE LOCAL ECONOMIES AND ENVIRONMENTS THROUGH CREATIVE AND PRODUCTIVE ENTERPRISE START-UPS AND DEVELOPMENT;CREATE JOB OPPORTUNITIES FOR PEOPLE WITH DIFFERENT LEVELS OF FORMAL EDUCATION AND VOCATIONAL TRAINING;FUND EDUCATIONAL PROJECTS AND INSTITUTIONS, EMPHASIZING CHILDHOOD LITERACY;ENCOURAGE ETHICAL FARMING PRACTICES, ANIMAL HUSBANDRY AND LAND STEWARDSHIP;FACILITATE WORKFORCE HOUSING DEVELOPMENT;PROMOTE DIRECT ACCESS WITHIN COMMUNITIES TO LOCAL UTILITIES AND PUBLIC RESOURCES;EMPOWER WOMEN IN, OR ASPIRING TO HOLD, LEADERSHIP POSITIONS IN THE PRIVATE, PUBLIC, AND NON-PROFIT SECTORS;NURTURE LOCALIZED SOLUTIONS AND INITIATIVES THAT ADVANCE THE CAUSES OF RACIAL, SOCIAL, AND ENVIRONMENTAL JUSTICE.

Activities or mission (Part I)

THE LESHER FAMILY FOUNDATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION THAT SEEKS TO EMPOWER PEOPLE TO TAKE AN ACTIVE ROLE IN POSITIVELY SHAPING WHERE AND HOW THEY LIVE. IN FURTHERANCE OF THESE OBJECTIVES, THE LESHER FAMILY FOUNDATION PLANS TO ESTABLISH LITERACY STUDIOS TO ENCOURAGE EARLY CHILDHOOD EDUCATION, FACILITATE THE DEVELOPMENT AND DELIVERY OF WORKFORCE HOUSING, AND SUPPORT RESPONSIBLE LAND STEWARDSHIP, ETHICAL FARMING PRACTICES AND ANIMAL HUSBANDRY, AMONG OTHER PROGRAMS.

  • SUPPORT ETHICAL FARMING, ANIMAL HUSBANDRY AND LAND STEWARDSHIP

    Expenses $653,900 · Grants $653,900

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • J Griffin Lesher

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Justin Lesher

    TREASURER AND INT EXECUTIV

    Total calculated
    $12,450
    From this org
    $12,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    21

  • Linda Lesher

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Nicholas Lesher

    SECRETARY/INTERIM DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Meredith K Lesher

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel E Lesher

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ROCKPORT COMMUNITY RESOURCES LLC

    OPERATING A BOOKSTORE AND CONDUCT EDUCATIONAL EVENTS · ME · income $0 · assets $0

    Directly controlled by LESHER FAMILY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431359349312708

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