Saratoga Springs Lions Club Foundation Inc
- Assets
- $814.2k
- Revenue
- $105.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- 07/2003
- Data as of
- 06/2021
- EIN
- 43-1998980
Organization Overview
Saratoga Springs Lions Club Foundation Inc is located in Saratoga Springs, NY. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Saratoga Springs Lions Club Foundation Inc 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 06/2021, Saratoga Springs Lions Club Foundation Inc generated $105.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $56.5k during the year ending 06/2021. While expenses have increased by 12.6% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT, COLLECT OR OTHERWISE RAISE MONEY TO BE USED TO AID THE FIGHT AGAINST BLINDNESS, HEARING IMPAIRMENTS AND DIABETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SARATOGA LIONS CLUB FOUNDATION, INC. PROVIDES A ICE SKATING PROGRAM FOR HANDICAPPED AND VISUALLY IMPAIRED CHILDRREN. THIS WILL BE AN ONGOING PROGRAM.
SCHOLARSHIP PROGRAM
10,0000 DONATION TO SARATOGA HOSPITAL, A 501(C)(3) ORGANIZATION, TO ASSIST IN THE CAPITAL IMPROVEMENTS TO THE PROPERTY; 20,000 TO THE SARATOGA SPRINGS LIONS CLUB TO ASSIST THE CLUB TO CONTINUE IT'S CHARITABLE GIVING IN LIGHT OF THE PANDEMIC. 1,000 TO BALLSTON SPA LIONS CLUB TO ASSIST WITH A COMMUNITY PROJECT. COVID-19 ASSISTANCE TO FRONT-LINE WORKERS (HOSPITAL; FIRE AND POLICE) CONSISTING OF MEAL PURCHASES AND DELIVERY FROM AREA RESTAURANTS 3,105.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dione Ramsdill President | OfficerTrustee | 1 | $0 |
Karen Foster Vp/sec | OfficerTrustee | 1 | $0 |
Keith Ferrara Trustee | Trustee | $0 | |
Michael Baxter Treasurer | Trustee | 1 | $0 |
William Gibeault Trustee | Trustee | $0 | |
Joseph Sporko Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,007 |
| Total Program Service Revenue | $0 |
| Investment income | $8,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,939 |
| Net Income from Fundraising Events | -$1,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,105 |
| Grants and other assistance to domestic individuals. | $15,649 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,466 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $56,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,275 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $765,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $814,217 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $814,217 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $814,217 |
Grants Awarded
Over the last fiscal year, Saratoga Springs Lions Club Foundation Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SARATOGA SPRINGS LIONS CLUB PURPOSE: FUND CLUB GIFTING | $20,000 |
SARATOGA HOSPITAL PURPOSE: CAPITAL IMPROVEMENTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |