Litzenberger Family Foundation
- Assets
- $1.5m
- Revenue
- $84.4k
- Investments
- $1.4m
- Employees
- 0
- Location
- Shohola, PA
- Founding
- 05/2000
- Data as of
- 08/2022
- 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 08/2022, Litzenberger Family Foundation generated $84.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $99.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Litzenberger Family Foundation has awarded 212 individual grants totaling $1,008,186. 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Litzenberger Director | 5 | $7,500 | |
Christopher Palmisano Director | 5 | $7,500 | |
Robert H Litzenberger Trustee | 2 | $0 | |
Amy E Litzenberger Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $292 |
| Dividends & Interest | $82,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105 |
| Capital Gain Net Income | $105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,660 |
| Total Revenue | $84,394 |
| 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 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,068 |
| Total operating and administrative expenses | $23,219 |
| Contributions, gifts, grants paid | $75,750 |
| Total expenses and disbursements | $98,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,631 |
| 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 | $628,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,501,009 |
| 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 $75,750 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $25,000 |
Salt Lake City, UT PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $10,000 |
PEEC PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $10,000 |
Pittsburgh, PA PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $10,000 |
ERA COALITION PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $2,500 |
THE CAMPAIGN SCHOOL AT YALE UNIVERSITY PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |