Limo Almi Foundation
- Assets
- $1.6m
- Revenue
- $40.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Hauppauge, NY
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 11-6481695
Organization Overview
Limo Almi Foundation is located in Hauppauge, NY. The organization was established in 1998. 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. Limo Almi 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 12/2023, Limo Almi Foundation generated $40.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $103.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Limo Almi Foundation has awarded 26 individual grants totaling $417,025. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,253 |
| Dividends & Interest | $27,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,860 |
| Capital Gain Net Income | $10,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $1,160 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $103,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,007 |
| 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 | $1,623,822 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $266 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,266 |
Grants Awarded
Over the last fiscal year, Limo Almi Foundation has awarded $102,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WESTBURY FRIENDS SCHOOL PURPOSE: GENERAL USE | $7,500 |
CORNELL UNIVERSITY PURPOSE: GENERAL USE | $12,500 |
FRIENDS ACADEMY PURPOSE: GENERAL USE | $5,000 |
THE COLD SPRING HARBOR FIRE MUSEUM PURPOSE: GENERAL USE | $2,000 |
GRACE PLACE FOR CHILDREN AND FAMILIES PURPOSE: GENERAL USE | $50,000 |
CHILDREN OF PROMISE PURPOSE: GENERAL USE | $5,000 |