Lerner Foundation
- Assets
- $1.0m
- Revenue
- $339.9k
- Investments
- $969.1k
- Employees
- 0
- Location
- Islandia, NY
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-1596911
Organization Overview
Lerner Foundation is located in Islandia, NY. The organization was established in 2009. 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. Lerner 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 12/2022, Lerner Foundation generated $339.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $138.6k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 7 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 2016, Lerner Foundation has awarded 73 individual grants totaling $457,059. 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 |
|---|---|---|---|
Richard M Lerner Trustee | 0.5 | $0 | |
Amy Kv Lerner Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $830 |
| Dividends & Interest | $30,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $308,142 |
| Capital Gain Net Income | $308,142 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,534 |
| Contributions, gifts, grants paid | $135,036 |
| Total expenses and disbursements | $138,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,795 |
| 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 | $1,006,914 |
| 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, Lerner Foundation has awarded $135,036 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITYBUZZCOM PURPOSE: TO SUPPORT VARIOUS CHARITIES | $5,883 |
THE BOLLINGER FOUNDATION PURPOSE: ENHANCE EDUCATIONAL ENVIRONMENT | $300 |
TEMPLE EMANUE EL PURPOSE: TO SUPPORT AN ORGANIZATION THAT HAS PROGRAMS, SERVICES AND INSTITUTIONS TO SERVE THE JEWISH COMMUNITY | $10,000 |
ENGLEWOOD HEALTH FOUNDATION PURPOSE: TO HELP SUPPORT AND SUSTAIN ENGLEWOOD HOSPITAL'S PROUD TRADITION OF EXCELLENCE IN HEALTHCARE | $8,100 |
EXPERIENCECAMPSORG PURPOSE: A NATIONAL PROGRAM FOR GRIEVING CHILDREN WHO HAVE EXPRIENCED THE DEATH OF A PARENT, SIBLING OR PRIMARY CAREGIVER. EMPOWERING THE CHILDREN WITH COPING SKILLS TO MOVE FORWARD WITH THEIR LIVES. | $1,050 |
MORICHES ROTARY HEALTH CAMP INC PURPOSE: SOCIAL & RECREATIONAL FACILITY FOR HANDICAPPED CHILDREN. | $1,000 |