Litzenberger Family Foundation
- Assets
- $1.5m
- Revenue
- $85.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Shohola, PA
- Founding
- 05/2000
- Data as of
- 08/2023
- EIN
- 13-4038156
Organization Overview
Litzenberger Family Foundation is located in Shohola, PA. The organization was established in 2000. 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. Litzenberger Family 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 08/2023, Litzenberger Family Foundation generated $85.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $90.4k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Litzenberger Family Foundation has awarded 182 individual grants totaling $823,192. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Litzenberger Trustee | 2 | $0 | |
Kenneth Litzenberger Director | 5 | $7,500 | |
Christopher Palmisano Director | 5 | $7,500 | |
Amy E Litzenberger Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $865 |
| Dividends & Interest | $84,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131 |
| Capital Gain Net Income | $131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,135 |
| Contributions, gifts, grants paid | $69,300 |
| Total expenses and disbursements | $90,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,454 |
| 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 | $687,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,496,188 |
| 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, Litzenberger Family Foundation has awarded $69,300 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ANTIOCH COLLEGE PURPOSE: GENERAL | $2,000 |
BLACK BEAR FILM FESTIVAL PURPOSE: GENERAL | $1,000 |
BUILDING TOGETHER PURPOSE: GENERAL | $1,000 |
CARNEGIE MELLON UNIERSITY PURPOSE: GENERAL | $15,000 |
DINGMANS FERRY THEATRE PURPOSE: GENERAL | $300 |
FRIENDS OF MARIE ZIMMERMANN PURPOSE: GENERAL | $500 |