Lindmor Foundation Inc
- Assets
- $44.5m
- Revenue
- $6.1m
- Investments
- $44.2m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3631010
Organization Overview
Lindmor Foundation Inc is located in Albany, NY. The organization was established in 2009. 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. Lindmor 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 12/2021, Lindmor Foundation Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lindmor Foundation Inc has awarded 13 individual grants totaling $5,159,485. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CHARITABLE CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur J Reimers III Directr/vp/sec/treas | 1 | $0 | |
Megan C Bent Director | 1 | $0 | |
Sarah E M Summers Director | 1 | $0 | |
Lindsay J H Reimers Director/president | 1 | $0 | |
Caitlin L Brumme Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $999,771 |
| Interest on Savings | $213 |
| Dividends & Interest | $680,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,392,600 |
| Capital Gain Net Income | $4,392,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,222 |
| Total Revenue | $6,136,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $314 |
| Taxes | $137,027 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,043 |
| Printing and publications | $0 |
| Other expenses | $390,983 |
| Total operating and administrative expenses | $594,832 |
| Contributions, gifts, grants paid | $1,300,000 |
| Total expenses and disbursements | $1,894,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $336,159 |
| 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 | $17,591,103 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $339 |
| Total assets | $44,541,064 |
| 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, Lindmor Foundation Inc has awarded $2,200,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE DENVER FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000,000 |
THE DENVER FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000,000 |
Menlo Park, CA PURPOSE: GENERAL CHARITABLE PURPOSES | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |