Ora Lerman Charitable Tr
- Assets
- $937.4k
- Revenue
- $173.0k
- Investments
- $593.6k
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 13-7198011
Organization Overview
Ora Lerman Charitable Tr is located in Portola Valley, CA. The organization was established in 2019. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ora Lerman Charitable Tr 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 12/2021, Ora Lerman Charitable Tr generated $173.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $102.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOARING GARDENS ARTISTS RETREAT IN LACEYVILLE, PA, OFFERS VISUAL ARTISTS, WRITERS, COMPOSERS, AND INSTRUMENTALISTS A QUIET COUNTRY SETTING FOR TWO- TO FIVE-WEEK RESIDENCIES TO FOCUS ON THEIR CREATIVE ENDEAVORS. SOARING GARDENS HAS NO FEES, MAKES NO DEMANDS, AND THERE ARE NO INTRUSIONS FROM THE ADMINISTRATIONONLY THE STUDIOS, GARDENS, DEER, OTHER CREATURES, AND TIME. ALL DIRECT CHARITABLE EXPENSES ARE IN SUPPORT OF THIS ACTIVITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ostwald Trustee | 0 | $0 | |
Margaret Mathews Berenson President | 0 | $0 | |
Ann Sutherland Harris Vice President | 0 | $0 | |
Ilene Sunshine Treasurer | 0 | $0 | |
Rachel Selekman Trustee | 0 | $0 | |
Gail Shaw-Clemmons Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,419 |
| Capital Gain Net Income | $55,419 |
| Net ST Capital Gain | $415 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $110,591 |
| Total Revenue | $172,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,629 |
| Depreciation | $2,763 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,164 |
| Total operating and administrative expenses | $98,706 |
| Contributions, gifts, grants paid | $3,600 |
| Total expenses and disbursements | $102,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,903 |
| 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 | $234,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $51,378 |
| Other assets | $0 |
| Total assets | $937,380 |
| 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, Ora Lerman Charitable Tr has awarded $3,600 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
KING HO PURPOSE: SCHOLARSHIP | $500 |
SEAN NISHI PURPOSE: SCHOLARSHIP | $500 |
KIRA SMITH PURPOSE: SCHOLARSHIP | $500 |
ERIN DORNEY PURPOSE: SCHOLARSHIP | $400 |
LINDA NICHOLS PURPOSE: SCHOLARSHIP | $400 |
LINDA SCHMIDT PURPOSE: SCHOLARSHIP | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Music Center Foundation Los Angeles, CA | $314,452,554 | $21,090,065 |
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |