Lachman Associates Foundation
- Assets
- $419.5k
- Revenue
- $9.2k
- Investments
- $402.3k
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 36-3558381
Organization Overview
Lachman Associates Foundation is located in Northbrook, IL. The organization was established in 1989. 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. Lachman Associates 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, Lachman Associates Foundation generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lachman Associates Foundation has awarded 100 individual grants totaling $317,037. 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 |
|---|---|---|---|
Helene Lachman Director | 0 | $0 | |
Joseph Lachman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $10,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,259 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,197 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,956 |
| Contributions, gifts, grants paid | $43,603 |
| Total expenses and disbursements | $59,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,234 |
| 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 | $88,240 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $419,548 |
| 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, Lachman Associates Foundation has awarded $43,603 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH UNITED FUND PURPOSE: CHARITABLE & EDUCATIONAL | $5,755 |
JEWISH POCET PURPOSE: EDUCATIONAL | $4,000 |
RAVINIA FESTIVAL PURPOSE: CHARITABLE & EDUCATIONAL | $5,000 |
CONGREGATION BETH SHALOM PURPOSE: CHARITABLE & EDUCATIONAL | $7,145 |
B'NAI B'RITH FOUNDATION PURPOSE: EDUCATIONAL | $396 |
CHICAGO BOTANIC GARDEN PURPOSE: EDUCATIONAL | $5,000 |