Levine Family Foundation Inc
- Assets
- $3.8m
- Revenue
- $58.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 13-3476578
Organization Overview
Levine Family Foundation Inc is located in New Rochelle, NY. The organization was established in 1989. 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. Levine Family Foundation Inc 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, Levine Family Foundation Inc generated $58.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $325.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Levine Family Foundation Inc has awarded 22 individual grants totaling $536,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Rothman Levine Predident | 3 | $0 | |
Harry Levine V. President | 1 | $0 | |
Bernard Segal Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $343,924 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $57,207 |
| Contributions, gifts, grants paid | $268,000 |
| Total expenses and disbursements | $325,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,937,131 |
| 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 | $0 |
| Total assets | $3,777,137 |
| 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, Levine Family Foundation Inc has awarded $268,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NYU GROSSMAN MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $50,000 |
BRANDEIS UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $25,000 |
SOUTHERN POVERTY LAW CENTER PURPOSE: CIVIL RIGHTS | $20,000 |
PLANNED PARENTHOOD PURPOSE: WOMENS HEALTH | $25,000 |
UJA FEDERATION PURPOSE: COMMUNAL CHARITY | $20,000 |
ANIMAL WELFARE INSTITUTE PURPOSE: ANIMAL HEALTH | $18,000 |