Lisa Mcgraw Figure Skating Foundation Inc
- Assets
- $6.0m
- Revenue
- $348.6k
- Investments
- $5.3m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 22-3473319
Organization Overview
Lisa Mcgraw Figure Skating Foundation Inc is located in Pennington, NJ. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lisa Mcgraw Figure Skating 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 12/2023, Lisa Mcgraw Figure Skating Foundation Inc generated $348.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $328.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lisa Mcgraw Figure Skating Foundation Inc has awarded 85 individual grants totaling $2,589,281. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis M Webster President & Trustee | 1 | $0 | |
Paul Wylie Trustee | 1 | $0 | |
Theo M Webster Treasurer & Trustee | 1 | $0 | |
Samuel W Lambert III Secretary | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $166,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,727 |
| Capital Gain Net Income | $178,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,433 |
| Total Revenue | $348,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $410 |
| Total operating and administrative expenses | $47,795 |
| Contributions, gifts, grants paid | $281,081 |
| Total expenses and disbursements | $328,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373 |
| Savings and temporary cash investments | $275,857 |
| 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 | $2,985,339 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $371,694 |
| Total assets | $5,960,627 |
| 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, Lisa Mcgraw Figure Skating Foundation Inc has awarded $281,081 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE SKATING CLUB OF BOSTON PURPOSE: UNRESTRICTED GENERAL | $15,000 |
ICE THEATRE OF NEW YORK PURPOSE: UNRESTRICTED GENERAL | $42,500 |
FIGURE SKATING IN HARLEM INC PURPOSE: UNRESTRICTED GENERAL | $50,000 |
AMERICAN ICE THEATRE PURPOSE: UNRESTRICTED GENERAL | $5,000 |
LAKE PLACID CENTER FOR THE ARTS PURPOSE: UNRESTRICTED GENERAL | $1,081 |
NEW ENGLAND AMATEUR SKATING FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $50,000 |