Lillian & Luis Fernandez Foundation Inc
- Assets
- $11.4m
- Revenue
- $5.0m
- Investments
- $9.4m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-4012727
Organization Overview
Lillian & Luis Fernandez Foundation Inc is located in West Palm Beach, FL. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lillian & Luis Fernandez 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 12/2022, Lillian & Luis Fernandez Foundation Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 73.8% each year . All expenses for the organization totaled $594.7k during the year ending 12/2022. While expenses have increased by 22.8% per year over the past 8 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 2015, Lillian & Luis Fernandez Foundation Inc has awarded 36 individual grants totaling $3,289,865. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis J Fernandez President/treasurer/director | 1 | $0 | |
Lillian F Fernandez Vp/secretary/director | 0.5 | $0 | |
Luis A Fernandez Director | 0.25 | $0 | |
Alfonso G Fernandez Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,374,490 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $466,097 |
| Capital Gain Net Income | $466,097 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,956,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,292 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,365 |
| Total operating and administrative expenses | $74,657 |
| Contributions, gifts, grants paid | $520,000 |
| Total expenses and disbursements | $594,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,963,818 |
| 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 | $9,413,324 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,377,142 |
| 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, Lillian & Luis Fernandez Foundation Inc has awarded $520,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERSHIP TO END ADDICTION PURPOSE: PARTNERSHIP TO END ADDICTION | $25,000 |
TRINITY COLLEGE PURPOSE: ALUMNI FUND / STUDENT SUPPORT | $100,000 |
PALM BEACH ZOO PURPOSE: 2022 TROPICAL SAFARI GALA | $25,000 |
MIDDLEBURY COLLEGE PURPOSE: ALUMNI FUND / STUDENT SUPPORT | $10,000 |
DEERFIELD ACADEMY PURPOSE: ALUMNI FUND / STUDENT SUPPORT | $10,000 |
PALM BEACH ZOO PURPOSE: 2023 JOURNEY INTO AFRICA GALA | $100,000 |