Lanza Family Foundation Inc
- Assets
- $25.5m
- Revenue
- $517.7k
- Investments
- $19.5m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 13-3922706
Organization Overview
Lanza Family Foundation Inc is located in Harrison, 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. Lanza 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, Lanza Family Foundation Inc generated $517.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (51.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lanza Family Foundation Inc has awarded 270 individual grants totaling $3,127,661. 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
MILLION GALLONS FUND - THE FOUNDATION STARTED THE MILLION GALLONS FUND DURING 2020 IN RESPONSE TO THE COVID19 PANDEMIC. THE FUND UTILIZED CONTRIBUTIONS RECEIVED TO OPEN A SOUP KITCHEN IN THE PEEKSKILL, NY AREA IN ORDER TO PROVIDE MEALS TO INDIVIDUALS WHO ARE UNABLE TO OBTAIN A MEAL DUE TO FINANCIAL HARDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Lanza Co Pkf O'connor President | 5 | $0 | |
Anthony Lanza Co Pkf O'connor Treasurer | 5 | $0 | |
James Lanza Co Pkf O'connor Secretary | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services | 12/30/22 | $76,596 |
Morgan Stanley | 12/30/22 | $106,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,355 |
| Dividends & Interest | $493,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,388 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,500 |
| Total Revenue | $517,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,025 |
| Total operating and administrative expenses | $266,964 |
| Contributions, gifts, grants paid | $1,307,000 |
| Total expenses and disbursements | $1,573,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,071,647 |
| 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 | $937,062 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,114,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,463,817 |
| 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, Lanza Family Foundation Inc has awarded $1,307,000 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE SOUTH CAROLINA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
ADVANCING CTNNB1 CURES AND TREATMENTS INC PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
ALS RIDE FOR LIFE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ARCHBISHOP STEPINAC HIGH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ARTS 10566 PURPOSE: GENERAL OPERATING SUPPORT | $21,000 |
BE THE CHANGE CHARLESTON PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |