Lucerna Fund
- Assets
- $21.1m
- Revenue
- $555.5k
- Investments
- $19.9m
- Employees
- 0
- Location
- Port Washington, NY
- Founding
- 11/1965
- Data as of
- 12/2022
- EIN
- 11-6044099
Organization Overview
Lucerna Fund is located in Port Washington, NY. The organization was established in 1965. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucerna Fund 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, Lucerna Fund generated $555.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECORDING OF LITERARY WORKS AND DISTRIBUTION OF RECORDINGS TO VISUALLY HANDICAPPED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Tedeschi Publisher | 40 | $155,100 | |
Ann Schlegel-Kyrkostas Editor-In-Chief | 40 | $110,638 | |
Raquel Sime Office Manager/bookk | 40 | $74,190 | |
Alfredo Franco Associate Editor | 40 | $72,380 | |
Jeffrey Popham Associate Editor | 40 | $72,380 | |
Dorrie Rush Director | 0.25 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,590 |
| Interest on Savings | $0 |
| Dividends & Interest | $239,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,098 |
| Capital Gain Net Income | $165,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $555,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $266,238 |
| Other employee salaries and wages | $218,450 |
| Pension plans, employee benefits | $276,528 |
| Interest | $0 |
| Taxes | $3,857 |
| Depreciation | $0 |
| Occupancy | $97,290 |
| Travel, conferences, and meetings | $5,745 |
| Printing and publications | $82,641 |
| Other expenses | $139,098 |
| Total operating and administrative expenses | $1,270,330 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,270,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278 |
| Savings and temporary cash investments | $1,118,152 |
| 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 | $21,057,238 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Lucerna Fund has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Peter And Jeri Dejana Family Foundation Port Washington, NY PURPOSE: HELP FUND CONVERSION OF PRINTED MAGAZINES TO AUDIO FOR THE VISUALLY IMPARED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |