Lahey Foundation is located in Naples, FL. The organization was established in 1987. 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. Lahey 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, Lahey Foundation generated $24.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $17.0k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
NONE
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald F Lahey President | 2 | $0 | |
Jane Y Lahey VP & Director | 1 | $0 | |
Philip F Lahey VP & Dir. | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $185 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,654 |
| Capital Gain Net Income | $11,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $142 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $227 |
| Contributions, gifts, grants paid | $16,800 |
| Total expenses and disbursements | $17,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,550 |
| 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 | $300,855 |
| 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 |
Over the last fiscal year, Lahey Foundation has awarded $16,800 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CHAUTAUQUA INSTITUTION PURPOSE: OPERATING COSTS | $100 |
CHAUTAUQUA LAKE ASSOC PURPOSE: ENDOWMENT | $200 |
CHAUTAUQUA FIRE DEPT PURPOSE: OPERATING COSTS | $250 |
ABC AT CHAUTAUQUA PURPOSE: OPERATING COSTS | $1,500 |
FORTNIGHTLY FOUNDATION PURPOSE: ENDOWMENT | $500 |
LOYOLA UNIVERSITY PURPOSE: ENDOWMENT | $1,000 |