Francine A Lefrak Foundation Inc
- Assets
- $11.7m
- Revenue
- $3.3m
- Investments
- $11.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 27-1752212
Organization Overview
Francine A Lefrak Foundation Inc is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Francine A Lefrak 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, Francine A Lefrak Foundation Inc generated $3.3m in total revenue. All expenses for the organization totaled $889.5k during the year ending 12/2021. While expenses have increased by 39.3% per year over the past 6 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 2014, Francine A Lefrak Foundation Inc has awarded 57 individual grants totaling $6,135,859. 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
EMPOWERED WOMEN SPEAKER SERIES- MODERATED BY FRANCINE LEFRAK IN WHICH PROMINENT WOMEN IN BUSINESS,ENTERTAINMENT,ARTS ARE INTERVIEWED BY FRANCINE TO DISCUSS PIONEERING IN THEIR FIELD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Wierbicki Abrahams Dir, Sec | 55 | $243,000 | |
Blair Feldman Dir, Treas | 1 | $0 | |
Eric Friedberg Dir, VP | 1 | $0 | |
Jay Goldberg Dir | 1 | $0 | |
Francine A Lefrak Dir, Pres | 30 | $0 | |
Sheila Klehm Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,882,771 |
| Interest on Savings | $373 |
| Dividends & Interest | $177,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,203,284 |
| Capital Gain Net Income | $2,140,832 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,003 |
| Total Revenue | $3,265,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $243,000 |
| Other employee salaries and wages | $96,360 |
| Pension plans, employee benefits | $20,721 |
| Interest | $0 |
| Taxes | $41,897 |
| Depreciation | $4,857 |
| Occupancy | $2,698 |
| Travel, conferences, and meetings | $5,381 |
| Printing and publications | $170 |
| Other expenses | $75,809 |
| Total operating and administrative expenses | $604,479 |
| Contributions, gifts, grants paid | $285,000 |
| Total expenses and disbursements | $889,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $457,443 |
| 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 | $1,973,724 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,714,456 |
| 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, Francine A Lefrak Foundation Inc has awarded $285,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: THE FRANCINE A. LEFRAK COMPUTER TRAINING PROGRAM | $50,000 |
GRACE INSTITUTE PURPOSE: REIMAGINING JOB PLACEMENT, RETENTION SUPPORT AND ALUMNAE SUPPORT IN A POST-COVID ECONOMY | $50,000 |
Brooklyn, NY PURPOSE: FRANCINE A. LEFRAK FOUNDATION TOOLS OF THE TRADE MICROGRANT FUND | $45,000 |
Little Rock, AR PURPOSE: SAME SKY SCHOLARSHIP FUND AT THE FAWE SCHOOL | $35,000 |
Little Rock, AR PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
Atlanta, GA PURPOSE: CHARITABLE EVENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |