Karyn Gerschel Lamb Foundation
- Assets
- $742.5k
- Revenue
- $117.8k
- Investments
- $464.3k
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 31-6671633
Organization Overview
Karyn Gerschel Lamb Foundation is located in New York, NY. The organization was established in 2001. 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. Karyn Gerschel Lamb 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, Karyn Gerschel Lamb Foundation generated $117.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $42.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Karyn Gerschel Lamb Foundation has awarded 142 individual grants totaling $347,135. 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 |
|---|---|---|---|
Karyn Gerschel Lamb Trustee | 2 | $0 | |
Patrick A Gerschel Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,768 |
| Capital Gain Net Income | $110,768 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $674 |
| Total operating and administrative expenses | $1,274 |
| Contributions, gifts, grants paid | $41,600 |
| Total expenses and disbursements | $42,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $278,159 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $742,497 |
| 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, Karyn Gerschel Lamb Foundation has awarded $41,600 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ANN NORTON SCULPTURE GARDENS PURPOSE: GRANT IN SUPPORT OF 2023 SEASON OF CULTURE, DEEP REFRESHING AND PRESERVATION OF THE GARDENS. THE SEASON INCLUDES EXHIBITION LINEUP, INSPIRING CULTURAL AND EDUCATIONAL EVENTS WHICH ALLOWS THE ORGANIZATION TO FULFILL THE MISSION OF ENRICHING LIVES WITH NATURE, ART AND HISTORY. | $5,000 |
BOYS AND GIRLS CLUB OF PALM BEACH COUNTY PURPOSE: SUPPORT FOR THE ANNUAL YOUTH OF THE YEAR CALL TO HEART PROVIDING FUNDING FOR BOYS AND GIRLS CLUBS LOCATED IN PALM BEACH COUNTY TO OVERCOME PERSONAL CHALLENGES AND OBSTACLES IN THEIR LIVES. | $2,500 |
BOYS CLUB OF NEW YORK PURPOSE: DONATION TO THE 2022 WINTER CELEBRATION IN SUPPORT OF PROGRAMMING AND ESSENTIAL SERVICES TO BOYS AGES 7-21 TO FIND SUPPORTIVE MENTORS AND NURTURING ENVIRONMENT TO BUILD COMPETENCE, CONFIDENCE, CHARACTER AND CONNECTION. | $500 |
EAGLEBROOK SCHOOL PURPOSE: DONATION TO ANNUAL FUND TO HELP SCHOOL PROVIDE SCHOLARSHIP ASSISTANCE, DELIVER ACADEMIC EXCELLENCE AND TRAIN DEDICATED FACULTY. | $2,500 |
BROOKS SCHOOL PURPOSE: CONTRIBUTION TO BROOKS FUND TO ENCOURGE STUDENTS TO DEVELOP ANALYTIC AND CREATIVE CAPACITIES, TO READ CRITICALLY AND BROADEN AESTHEIC SENSIBILITY. | $5,000 |
THE PROCTOR FUND PURPOSE: SUPPORT FOR 2022-2023 FUNDRAISING FOR COMMITMENT TO LEARNING SKILLS PROGRAMS AND A STRONG EMPHASIS ON EXPERIMENTAL LEARNING TO HELP STUDENTS TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. | $500 |