Lester And Phyllis Foster Foundation

Hampton, CT
Tax-exempt since July 2004
EIN: 81-0630150

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$20.4k (2024)

Expenses

$83.8k (2024)

Total Assets

$232k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$20,370

Expenses

$83,835

Net Income

-$63,465

Net Assets

$231,787

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,829	18.8%
Interest Revenue	$29	0.1%
Dividends	$12,146	59.6%
Sales of Assets	$4,366	21.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,035	99.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$231,787
Total Liabilities	$0
Net Assets	$231,787

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on April 30, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

-$6,038

Expenses

$177,850

Net Income

-$183,888

Net Assets

$292,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$790
Dividends	$12,548
Sales of Assets	-$19,376
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,650	97.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$292,355
Total Liabilities	$0
Net Assets	$292,355

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$347,264

Expenses

$2,082,328

Net Income

-$1,735,064

Net Assets

$449,539

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,649	1.1%
Dividends	$21,201	6.1%
Sales of Assets	$292,414	84.2%
Other Income	$30,000	8.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,074,231	99.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$449,539
Total Liabilities	$0
Net Assets	$449,539

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on April 28, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$328,597

Expenses

$289,375

Net Income

$39,222

Net Assets

$2,834,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,632	2.6%
Dividends	$42,506	12.9%
Sales of Assets	$277,241	84.4%
Other Income	$218	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$285,775	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,834,495
Total Liabilities	$0
Net Assets	$2,834,495

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on May 4, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$75,046

Expenses

$286,572

Net Income

-$211,526

Net Assets

$2,768,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,888	27.8%
Dividends	$44,702	59.6%
Sales of Assets	$8,677	11.6%
Other Income	$779	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$284,100	99.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,768,140
Total Liabilities	$1
Net Assets	$2,768,139

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on May 4, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$171,109

Expenses

$137,679

Net Income

$33,430

Net Assets

$2,749,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,473	14.9%
Dividends	$42,688	24.9%
Sales of Assets	$102,917	60.1%
Other Income	$31	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,100	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,749,899
Total Liabilities	$1
Net Assets	$2,749,898

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on May 7, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$132,090

Expenses

$181,265

Net Income

-$49,175

Net Assets

$2,431,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	11.4%
Interest Revenue	$30,236	22.9%
Dividends	$38,226	28.9%
Sales of Assets	$47,753	36.2%
Other Income	$875	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,375	95.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,431,954
Total Liabilities	$0
Net Assets	$2,431,954

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on April 30, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$387,971

Expenses

$187,868

Net Income

$200,103

Net Assets

$2,749,067

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$27,545	7.1%
Interest Revenue	$27,497	7.1%
Dividends	$32,151	8.3%
Sales of Assets	$300,778	77.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$170,962	91.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,749,067
Total Liabilities	$0
Net Assets	$2,749,067

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on May 23, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$66,273

Expenses

$186,818

Net Income

-$120,545

Net Assets

$2,562,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,272	29.1%
Dividends	$38,630	58.3%
Sales of Assets	$32	0.0%
Other Income	$8,339	12.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$169,600	90.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,562,476
Total Liabilities	$0
Net Assets	$2,562,476

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on June 30, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$84,834

Expenses

$172,756

Net Income

-$87,922

Net Assets

$2,588,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,274	16.8%
Dividends	$42,020	49.5%
Sales of Assets	$28,540	33.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$152,900	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,588,257
Total Liabilities	$0
Net Assets	$2,588,257

Compensation

Key Employees and Officers	Compensation	Other
David Foster (Trustee)	$0	$0
Mark Foster (Trustee)	$0	$0

990-PF

Filed on May 24, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$479,690

Expenses

$288,514

Net Income

$191,176

Net Assets

$2,784,435

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$142,795	29.8%
Interest Revenue	$13,448	2.8%
Dividends	$52,474	10.9%
Sales of Assets	$270,973	56.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$273,000	94.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,784,435
Total Liabilities	$0
Net Assets	$2,784,435

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$153,413

Expenses

$140,466

Net Income

$12,947

Net Assets

$2,796,115

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,373	12.0%
Dividends	$49,313	32.1%
Sales of Assets	$85,727	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,750	92.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,796,115
Total Liabilities	$0
Net Assets	$2,796,115

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$117,196

Expenses

$128,106

Net Income

-$10,910

Net Assets

$2,540,262

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$24,381	20.8%
Dividends	$46,923	40.0%
Sales of Assets	$45,892	39.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,500	93.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,540,262
Total Liabilities	$0
Net Assets	$2,540,262

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$76,466

Expenses

$141,784

Net Income

-$65,318

Net Assets

$2,369,564

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27,029	35.3%
Dividends	$41,607	54.4%
Sales of Assets	$7,830	10.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$133,500	94.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,369,565
Total Liabilities	$1
Net Assets	$2,369,564

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Lester And Phyllis Foster Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $20.4k (2024)

Expenses $83.8k (2024)

Total Assets $232k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$20.4k (2024)

Expenses

$83.8k (2024)

Total Assets

$232k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2007

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