Lone Pine Foundation Inc
- Assets
- $70.6m
- Revenue
- $14.3m
- Investments
- $62.2m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 06-1637040
Organization Overview
Lone Pine Foundation Inc is located in Greenwich, CT. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Lone Pine Foundation Inc 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, Lone Pine Foundation Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $10.0m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION SUPPORTS FAIRFIELD COUNTY PUBLIC ELEMENTARY SCHOOLS THROUGH PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS, COACHES, AND PRINCIPALS CENTERED AROUND MATH
INSTRUCTION AND SOCIAL EMOTIONAL LEARNING. THE FOUNDATION PROVIDES FUNDING FOR WORKSHOPS, CONSULTANTS, AND VENDORS TO FURTHER THE PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Craver Director | 1 | $0 | |
Brian Doherty Director | 1 | $0 | |
Stephen F Mandel Jr Dir/pres/chairman | 1 | $0 | |
Lucy Ball Executive Director | 1 | $0 | |
Katherine Gehrmann Associate Director/secretary | 1 | $0 | |
Kerry A Tyler Dir/vp/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,557,950 |
| Interest on Savings | $2,016 |
| Dividends & Interest | $118,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,747,398 |
| Capital Gain Net Income | $8,649,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$117,861 |
| Total Revenue | $14,308,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $196,190 |
| Taxes | $189,536 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,363 |
| Total operating and administrative expenses | $458,554 |
| Contributions, gifts, grants paid | $9,505,899 |
| Total expenses and disbursements | $9,964,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,408,548 |
| 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 | $62,193,414 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,601,962 |
| 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, Lone Pine Foundation Inc has awarded $575,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL PROGRAM SUPPORT | $325,000 |
Alexandria, VA PURPOSE: GENERAL PROGRAM SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |