Lake Road Foundation
- Assets
- $26.9m
- Revenue
- $565.4k
- Investments
- $25.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1994
- Data as of
- 04/2023
- EIN
- 13-3745065
Organization Overview
Lake Road Foundation is located in New York, NY. The organization was established in 1994. 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. Lake Road 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 04/2023, Lake Road Foundation generated $565.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $1.8m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lake Road Foundation has awarded 179 individual grants totaling $6,239,455. 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 |
|---|---|---|---|
Wendy Sandler President | 0 | $0 | |
Neil Sandler Secretary And Treasurer | 0 | $0 | |
Susan Lewen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,494 |
| Dividends & Interest | $251,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $311,167 |
| Capital Gain Net Income | $311,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $565,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $171,857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155,676 |
| Total operating and administrative expenses | $344,511 |
| Contributions, gifts, grants paid | $1,475,745 |
| Total expenses and disbursements | $1,820,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,383,519 |
| 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 | $18,681,645 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,908,434 |
| 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, Lake Road Foundation has awarded $1,475,745 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CROHN'S & COLITIS FOUNDATION PURPOSE: GENERAL | $10,000 |
EMELIN THEATRE PURPOSE: GENERAL | $1,500 |
JIMMY FUND PURPOSE: GENERAL | $100 |
JEWISH COMMUNAL FUND PURPOSE: GENERAL | $1,000,000 |
LARCHMONT TEMPLE PURPOSE: GENERAL | $5,155 |
MAMARONECK EMS PURPOSE: GENERAL | $1,000 |