Lonnie Thomas Schwartz Charitable Foundation
- Assets
- $3.8m
- Revenue
- $24.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 08/1968
- Data as of
- 12/2022
- EIN
- 11-6112410
Organization Overview
Lonnie Thomas Schwartz Charitable Foundation is located in Albany, NY. The organization was established in 1968. 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. Lonnie Thomas Schwartz Charitable 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, Lonnie Thomas Schwartz Charitable Foundation generated $24.0k 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 (36.7%) each year. All expenses for the organization totaled $205.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lonnie Thomas Schwartz Charitable Foundation has awarded 165 individual grants totaling $1,694,240. 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 |
|---|---|---|---|
Lonnie Schwartz Treasurer | 2 | $0 | |
Thomas Schwartz President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $14,107 |
| Dividends & Interest | $44,089 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,148 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186 |
| Total operating and administrative expenses | $1,620 |
| Contributions, gifts, grants paid | $203,500 |
| Total expenses and disbursements | $205,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,570 |
| Savings and temporary cash investments | $516,630 |
| 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 | $476,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,833,404 |
| 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, Lonnie Thomas Schwartz Charitable Foundation has awarded $203,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SINAI SCHOOL OF MEDICINE PURPOSE: NON RESTRICTED | $200,000 |
GUILDERLAND PBA PURPOSE: NON RESTRICTED | $500 |
RONALD MCDONALD HOUSE PURPOSE: NON-RESTRICTED | $2,500 |
WESTMERE FIRE DEPARTMENT PURPOSE: NON RESTRICTED | $500 |