L E Charitable Trust
- Assets
- $8.7m
- Revenue
- $556.7k
- Investments
- $4.9m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/1993
- Data as of
- 11/2023
- EIN
- 11-3133027
Organization Overview
L E Charitable Trust is located in Brooklyn, NY. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. L E Charitable Trust 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 11/2023, L E Charitable Trust generated $556.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $432.4k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, L E Charitable Trust has awarded 20 individual grants totaling $3,490,183. 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 |
|---|---|---|---|
Abraham Loeffler Trustee | 1 | $0 | |
Chany Loeffler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,068 |
| Dividends & Interest | $574,798 |
| Net Rental Income | $1,320 |
| Net Gain on Sale of Assets | -$23,733 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,288 |
| Total Revenue | $556,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $241,791 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $262,381 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $432,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,489 |
| Savings and temporary cash investments | $10,460 |
| 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 | $3,728,426 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $66,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,727,692 |
| 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 | $6,233,119 |
| Total liabilities | $6,233,119 |
Grants Awarded
Over the last fiscal year, L E Charitable Trust has awarded $170,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONG YESODAH YEHUDA PURPOSE: GENERAL SUPPORT | $10,000 |
BAIS RUCHEL DSATMAR INC PURPOSE: GENERAL SUPPORT | $160,000 |