Lenfest Scholars Foundation Inc
- Assets
- $61.6m
- Revenue
- $4.5m
- Investments
- $60.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/2015
- Data as of
- 06/2021
- EIN
- 47-1810540
Organization Overview
Lenfest Scholars Foundation Inc is located in Philadelphia, PA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenfest Scholars 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, Lenfest Scholars Foundation Inc generated $4.5m in total revenue.
Since 2018, Lenfest Scholars Foundation Inc has awarded 18 individual grants totaling $5,420,608. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PRIVATE NON-OPERATING FOUNDATION, AND AS SUCH, ITS PRIMARY ACTIVITIES ARE 1) TO AWARD EDUCATIONAL SCHOLARSHIPS TO QUALIFYING STUDENTS AND 2) TO MAKE GRANTS OR CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS, PRINCIPALLY TO PUBLIC CHARITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzi Nam Executive Director | 40 | $145,405 | |
Martha Denney Executive Director | 40 | $86,998 | |
Steven Watter Associate Director | 40 | $57,773 | |
Jessica Macleod Secretary | 40 | $2,699 | |
Erin E Crum Director | 1 | $0 | |
John Payne Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,706,905 |
| Interest on Savings | $0 |
| Dividends & Interest | $644,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,129,673 |
| Capital Gain Net Income | $1,129,673 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $820 |
| Total Revenue | $4,481,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,697 |
| Other employee salaries and wages | $347,071 |
| Pension plans, employee benefits | $28,746 |
| Interest | $0 |
| Taxes | $155,220 |
| Depreciation | $1,464 |
| Occupancy | $108 |
| Travel, conferences, and meetings | $225 |
| Printing and publications | $84 |
| Other expenses | $22,224 |
| Total operating and administrative expenses | $938,432 |
| Contributions, gifts, grants paid | $1,500,454 |
| Total expenses and disbursements | $2,438,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,840 |
| Savings and temporary cash investments | $504,582 |
| Net Accounts receivable | $388,939 |
| 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 | $2,201 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $40,446,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,615,222 |
| Accounts payable and accrued expenses | $173,727 |
| Grants payable | $2,692,330 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $312,309 |
| Total liabilities | $3,178,366 |
Grants Awarded
Over the last fiscal year, Lenfest Scholars Foundation Inc has awarded $1,415,454 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHEDULE OF SCHOLARSHIP RECIPIENTS PURPOSE: LENFEST SCHOLARSHIP PROGRAM | $1,323,154 |
SCHEDULE OF FINALIST GRANTS - INFOR PURPOSE: LENFEST SCHOLARSHIP PROGRAM | $64,000 |
SCHEDULE OF SPECIAL EDUCATION EXPEN PURPOSE: LENFEST SCHOLARSHIP PROGRAM | $28,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lenfest Scholars Foundation Inc has recieved totaling $2,605,679.
| Awarding Organization | Amount |
|---|---|
Lenfest Foundation Inc Philadelphia, PA PURPOSE: SCHOLARSHIPS | $2,605,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |