Louis Sobelman Family Foundation
- Assets
- $1.9m
- Revenue
- $2.2m
- Investments
- $1.9m
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 33-1181235
Organization Overview
Louis Sobelman Family Foundation is located in Great Neck, NY. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Louis Sobelman Family 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 12/2021, Louis Sobelman Family Foundation generated $2.2m in total revenue. All expenses for the organization totaled $76.6k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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, Louis Sobelman Family Foundation has awarded 45 individual grants totaling $376,216. 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 |
|---|---|---|---|
Joyanna Marx Trustee | 1 | $0 | |
Walter Sobelman Trustee | 1 | $0 | |
Bonnie Siegel Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,818,947 |
| Interest on Savings | $7 |
| Dividends & Interest | $36,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $352,410 |
| Capital Gain Net Income | $352,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,207,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,059 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,148 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $76,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,793 |
| 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 | $821,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,938,684 |
| 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, Louis Sobelman Family Foundation has awarded $60,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Great Neck, NY PURPOSE: GENERAL OPERATING SUPPROT | $1,000 |
SAINT JUDE'S CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |