Philip And Janice Levin Foundation
- Assets
- $18.6m
- Revenue
- $2.8m
- Investments
- $16.8m
- Employees
- 0
- Location
- North Plainfield, NJ
- Founding
- 03/1966
- Data as of
- 08/2022
- EIN
- 22-6075837
Organization Overview
Philip And Janice Levin Foundation is located in North Plainfield, NJ. The organization was established in 1966. 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. Philip And Janice Levin 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, Philip And Janice Levin Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $2.4m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Philip And Janice Levin Foundation has awarded 290 individual grants totaling $58,105,101. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew K Harding V. President | 1 | $0 | |
Antoinette Puccia Assistant Secretary | 1 | $0 | |
Adam Levin President | 1 | $0 | |
Paul Tavaglione Treasurer | 1 | $0 | |
William Farber V. President | 1 | $0 | |
Stacy A Garrity Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $563,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,204,905 |
| Capital Gain Net Income | $2,204,905 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $754 |
| Total Revenue | $2,769,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175,875 |
| Total operating and administrative expenses | $396,783 |
| Contributions, gifts, grants paid | $2,049,750 |
| Total expenses and disbursements | $2,446,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,958 |
| Savings and temporary cash investments | $1,446,356 |
| Net Accounts receivable | $10,404 |
| 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 | $3,694,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,556,236 |
| Accounts payable and accrued expenses | $35,829 |
| Grants payable | $4,939,062 |
| 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 | $4,974,891 |
Grants Awarded
Over the last fiscal year, Philip And Janice Levin Foundation has awarded $7,181,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
THE PUBLIC THEATER PURPOSE: GENERAL CONTRIBUTION | $2,500,000 |
RUTGERS UNIVERSITY PURPOSE: GENERAL CONTRIBUTION | $1,000,000 |
NYU SCHOOL OF MEDICINE PURPOSE: GENERAL CONTRIBUTION | $900,000 |
THIRTEENWNET PURPOSE: GENERAL CONTRIBUTION | $575,000 |
THE PUBLIC THEATER PURPOSE: GENERAL CONTRIBUTION | $500,000 |
NYU SCHOOL OF MEDICINE PURPOSE: GENERAL CONTRIBUTION | $450,000 |
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 |