Annette M And Theodore N Lerner Family Foundation Inc
- Assets
- $609.4k
- Revenue
- $1.5m
- Investments
- $386.2k
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 52-1528436
Organization Overview
Annette M And Theodore N Lerner Family Foundation Inc is located in Rockville, MD. The organization was established in 1988. 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. Annette M And Theodore N Lerner Family 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 12/2021, Annette M And Theodore N Lerner Family Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Annette M And Theodore N Lerner Family Foundation Inc has awarded 448 individual grants totaling $23,580,263. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore N Lerner Director | 1 | $7,054 | |
Marla L Tanenbaum President & Director | 8 | $0 | |
Mark D Lerner V. Pres. & Director | 2 | $0 | |
Debra L Cohen Sec. & Director | 2 | $0 | |
Annette M Lerner Treas. & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $88 |
| Dividends & Interest | $4,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,716 |
| Total Revenue | $1,509,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,054 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104 |
| Total operating and administrative expenses | $8,830 |
| Contributions, gifts, grants paid | $1,692,046 |
| Total expenses and disbursements | $1,700,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,222 |
| 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 | $200,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $609,399 |
| 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, Annette M And Theodore N Lerner Family Foundation Inc has awarded $2,048,713 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: SUPPORT THE KIMMEL CANCER CENTER - THE LERNER FAMILY PALLIATIVE CARE FELLOWSHIP | $700,000 |
North Bethesda, MD PURPOSE: SUPPORT JEWISH FEDERATION PROGRAMS | $210,000 |
JEWISH FEDERATION OF GREATER WASHINGTON- ANNUAL CAMPAIGN PURPOSE: SUPPORT JEWISH FEDERATION PROGRAMS THAT STRIVE TO CREATE PURPOSEFUL JEWISH COMMUNITIES IN THE D.C. AREA | $116,667 |
Washington, DC PURPOSE: 2021 SPRING GALA & CAPITAL CAMPAIGN - RENOVATION OF PRINCIPAL BUILDING & EXPLORE NEW PROGRAMS | $115,000 |
GEORGE WASHINGTON UNIVERSITY - HILLEL PURPOSE: STRENGTHEN JEWISH LIFE FOR JEWISH UNDERGRADUATE AND GRADUATE STUDENTS ON CAMPUS | $115,000 |
Washington, DC PURPOSE: BOARD GIFT AND GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |