Lambs Foundation Inc
- Assets
- $1.1m
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 13-6138296
Organization Overview
Lambs Foundation Inc is located in New York, NY. The organization was established in 1949. 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. Lambs 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, Lambs Foundation Inc generated $54.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $224.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR NONPROFIT THEATRE GROUPS AND OTHERWISE SUPPORT EDUCATION IN THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR NONPROFIT THEATRE GROUPS AND OTHERWISE SUPPORT THE ARTS.
THE FOUNDATION OWNS A COLLECTION OF ART AND MEMORABILIA DATING BACK TO THE MID 1800'S, A VERITABLE LIVING HISTORY OF NEW YORK THEATER HISTORY. THE FOUNDATION MAINTAINS AND RESTORES THE COLLECTION. WHEN POSSIBLE, THE ORGANIZATION ALSO ADDS TO THE COLLECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Baron President | OfficerTrustee | 10 | $0 |
Deborah Stone Treasurer | OfficerTrustee | 10 | $0 |
Eileen Lacy Rec/corres S | OfficerTrustee | 2 | $0 |
Peter Kingsley Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,703 |
| Total Program Service Revenue | $0 |
| Investment income | $18,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,070 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,596 |
| Grants and other assistance to domestic individuals. | $17,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,730 |
| Insurance | $1,156 |
| All other expenses | $0 |
| Total functional expenses | $224,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,697 |
| Savings and temporary cash investments | $10,842 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $702,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,099,011 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,099,011 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,099,011 |
Grants Awarded
Over the last fiscal year, Lambs Foundation Inc has awarded $14,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: OPERATIONAL SUPPORT | $7,700 |
Los Angeles, CA PURPOSE: OPERATIONAL SUPPORT | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lambs Foundation Inc has recieved totaling $15,229.
| Awarding Organization | Amount |
|---|---|
Smith Winchell Est Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |