Lenovo Foundation
- Assets
- $1.7m
- Revenue
- $526.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Morrisville, NC
- Founding
- 06/2010
- Data as of
- 03/2024
- EIN
- 27-2451177
Organization Overview
Lenovo Foundation is located in Morrisville, NC. The organization was established in 2010. 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. Lenovo 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 03/2024, Lenovo Foundation generated $526.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $806.9k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lenovo Foundation has awarded 87 individual grants totaling $4,487,932. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Hauser Wolff Foundation Director | 40 | $0 | |
Sydni Behm Foundation Manager | 40 | $0 | |
Calvin Crosslin President | 0.5 | $0 | |
Mary Jacques Secretary | 0.5 | $0 | |
Felix Chu Treasurer | 0.5 | $0 | |
Charlotte Newman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $526,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $526,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,076 |
| Total operating and administrative expenses | $41,614 |
| Contributions, gifts, grants paid | $765,323 |
| Total expenses and disbursements | $806,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,677,612 |
| Savings and temporary cash investments | $0 |
| 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 | $1,677,612 |
| 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, Lenovo Foundation has awarded $765,211 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ASTRONAUT SCHOLARSHIP FOUNDATION PURPOSE: PARTNERSHIP PAYMENT | $30,000 |
CHILDREN ON THE EDGE PURPOSE: PARTNERSHIP PAYMENT | $80,000 |
DRESS FOR SUCCESS PURPOSE: DRESS FOR SUCCESS | $35,000 |
EDUCANDO WORLD EDUCATION AND DEVELOPMENT FUND PURPOSE: PARTNERSHIP PAYMENT | $51,250 |
EDUCANDO WORLD EDUCATION AND DEVELOPMENT FUND PURPOSE: PARTNERSHIP PAYMENT | $23,400 |
ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE PURPOSE: PARTNERSHIP PAYMENT | $25,000 |