Lucille And Jack Yellen Foundation
- Assets
- $983.0k
- Revenue
- $65.4k
- Investments
- $943.0k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-6925795
Organization Overview
Lucille And Jack Yellen Foundation is located in Buffalo, NY. The organization was established in 2011. 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. Lucille And Jack Yellen 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, Lucille And Jack Yellen Foundation generated $65.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $94.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lucille And Jack Yellen Foundation has awarded 92 individual grants totaling $380,000. 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 |
|---|---|---|---|
Annette H Fitch President/trustee | 0.5 | $3,605 | |
Tracy L Francisco Trustee | 0.5 | $3,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $833 |
| Dividends & Interest | $31,628 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,126 |
| Capital Gain Net Income | $12,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,862 |
| Total Revenue | $65,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,210 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $231 |
| Taxes | $207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,582 |
| Total operating and administrative expenses | $36,430 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $94,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,975 |
| 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 | $596,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $983,005 |
| 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, Lucille And Jack Yellen Foundation has awarded $58,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ASCAP FOUNDATION PURPOSE: FOSTER MUSIC EDUCATION | $4,000 |
BUFFALO MUSIC HALL OF FAME PURPOSE: SCHOLARSHIPS | $2,500 |
BUFFALO STATE COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP | $19,000 |
BUFFALO STRING WORKS PURPOSE: FOSTER MUSIC EDUCATION | $1,000 |
COMMUNITY MUSIC SCHOOL OF BUFFALO PURPOSE: FOSTER MUSIC EDUCATION | $2,500 |
DANCEABILITY INC USA PURPOSE: FOSTER MUSIC EDUCATION FOR SPECIAL NEEDS INDIVIDUALS | $1,500 |