Timber Lake Foundation
- Assets
- $21.6k
- Revenue
- $300.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Cove, NY
- Founding
- 02/1991
- Data as of
- 05/2024
- EIN
- 11-2940875
Organization Overview
Timber Lake Foundation is located in Glen Cove, NY. The organization was established in 1991. 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. Timber Lake 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 05/2024, Timber Lake Foundation generated $300.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $337.6k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Timber Lake Foundation has awarded 312 individual grants totaling $5,266,314. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay S Jacobs President/director | 0.25 | $0 | |
David Skolnik Vp/director | 0.25 | $0 | |
Scott Glick Secretary/treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,860 |
| Total operating and administrative expenses | $2,860 |
| Contributions, gifts, grants paid | $334,698 |
| Total expenses and disbursements | $337,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,579 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,579 |
| 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, Timber Lake Foundation has awarded $334,698 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ACA NY & NJ PURPOSE: PROGRAM SUPPORT | $25,000 |
AHRC FOUNDATION PURPOSE: PROGRAM SUPPORT | $250 |
CAMP HASHARA MOSHAVA PURPOSE: PROGRAM SUPPORT | $1,000 |
BOSTON EXPLORERS PURPOSE: PROGRAM SUPPORT | $15,000 |
CAMP HERRLICH PURPOSE: PROGRAM SUPPORT | $10,000 |
AIDS WALK NY PURPOSE: PROGRAM SUPPORT | $250 |