Randi And Clifford Lane Foundation
- Assets
- $24.9m
- Revenue
- $1.0m
- Investments
- $14.8m
- Employees
- 0
- Location
- Holbrook, NY
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 11-3635985
Organization Overview
Randi And Clifford Lane Foundation is located in Holbrook, NY. 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. Randi And Clifford Lane 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 12/2022, Randi And Clifford Lane Foundation generated $1.0m 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 (16.8%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Randi And Clifford Lane Foundation has awarded 219 individual grants totaling $11,855,135. 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 |
|---|---|---|---|
Clifford Lane President | 2 | $0 | |
Randi Lane Vice President | 2 | $0 | |
Terrance M Bennett Director | 0 | $0 | |
Thomas Brown CFO | 0.5 | $0 | |
Matthew Lane Director | 30 | $300,000 | |
Lindsi Lane Director | 30 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $290,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $710,074 |
| Capital Gain Net Income | $710,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,044 |
| Total Revenue | $1,043,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,353 |
| Total operating and administrative expenses | $714,583 |
| Contributions, gifts, grants paid | $1,916,000 |
| Total expenses and disbursements | $2,630,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,022,146 |
| 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 | $54,204 |
| Total assets | $24,880,694 |
| Accounts payable and accrued expenses | $23,500 |
| 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 | $23,500 |
Grants Awarded
Over the last fiscal year, Randi And Clifford Lane Foundation has awarded $1,916,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
THE NORTH SHORE SOUP KITCHEN PURPOSE: CHARITABLE PURPOSE | $10,000 |
OLD BROOKVILLE PBA PURPOSE: CHARITABLE PURPOSE | $250 |
PMC PAN-MASS CHALLENGE PURPOSE: CHARITABLE PURPOSE | $500 |
GLEN OKS CLUB PHILANTHROPIC PURPOSE: CHARITABLE PURPOSE | $750 |
MMRF PURPOSE: CHARITABLE PURPOSE | $10,000 |
ALZHEIMERS DRUG DISCOVERY PURPOSE: CHARITABLE PURPOSE | $25,000 |