Blanche And Irving Laurie Foundation Inc
- Assets
- $17.7m
- Revenue
- $5.8m
- Investments
- $17.0m
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 03/1984
- Data as of
- 09/2022
- EIN
- 22-2489725
Organization Overview
Blanche And Irving Laurie Foundation Inc is located in Roseland, NJ. The organization was established in 1984. 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. Blanche And Irving Laurie 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 09/2022, Blanche And Irving Laurie Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $4.7m during the year ending 09/2022. While expenses have increased by 0.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blanche And Irving Laurie Foundation Inc has awarded 482 individual grants totaling $18,994,850. 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
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Zagoren Baron Trustee/pres | 25 | $75,000 | |
Harvey S Rich Trustee | 15 | $50,000 | |
Richard A Patt MD Trustee | 15 | $50,000 | |
Scott Korf Trustee | 15 | $50,000 | |
Gene R Korf Trustee | 15 | $50,000 | |
Robert Zagoren Trustee | 15 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harvey Rich & Company | 9/29/22 | $95,745 |
Korf & Rosenblatt Pc | 9/29/22 | $143,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $230 |
| Dividends & Interest | $1,673,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,125,087 |
| Capital Gain Net Income | $4,125,087 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,799,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $325,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $81,998 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,713 |
| Printing and publications | $906 |
| Other expenses | $1,470 |
| Total operating and administrative expenses | $747,816 |
| Contributions, gifts, grants paid | $3,945,150 |
| Total expenses and disbursements | $4,692,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $714,495 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,724,462 |
| 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, Blanche And Irving Laurie Foundation Inc has awarded $5,255,150 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
STATE THEATRE REG ARTS CTRNEW BRUNSW PURPOSE: SYMPH SERIES CAP CAMP GEN OPER SUPP | $296,000 |
MANHATTAN THEATRE CLUB PURPOSE: PROD SUPP&CAP CAMPAIGN | $225,000 |
NJPAC PURPOSE: CAP.IMPVTS-AMER.SONGBOOK | $180,000 |
LINCOLN CENTER THEATRE PURPOSE: PROD AND GEN OPER SUPP | $180,000 |
RWJ UNIV HOSP FNDTN PURPOSE: CAP IMP TO SURG.ROOMS AND GEN OPER SUPP | $170,000 |
ST BARNABAS MED CTR PURPOSE: CAP IMP CARDIAC CARE AND GEN OPER SUPP | $170,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |