Laurence W Levine Foundation Inc
- Assets
- $12.1m
- Revenue
- $1.7m
- Investments
- $11.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 65-0535001
Organization Overview
Laurence W Levine Foundation Inc is located in New York, NY. The organization was established in 1994. 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. Laurence W Levine 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 12/2023, Laurence W Levine Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 7 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.
Since 2015, Laurence W Levine Foundation Inc has awarded 314 individual grants totaling $7,046,500. 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 |
|---|---|---|---|
Susan Kane Pres, Treas & Direct | 4 | $4,500 | |
Jay Levine Vice Pres & Direct | 2 | $4,500 | |
Russell Kane Director | 2 | $4,500 | |
Beth Feldman Director | 2 | $4,500 | |
Lesley Logue Director | 2 | $4,500 | |
James Levine Director | 2 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $338,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $445,200 |
| Capital Gain Net Income | $445,200 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $945,107 |
| Total Revenue | $1,728,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,775 |
| Depreciation | $0 |
| Occupancy | $9,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,812 |
| Total operating and administrative expenses | $144,309 |
| Contributions, gifts, grants paid | $1,625,000 |
| Total expenses and disbursements | $1,769,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,347 |
| Savings and temporary cash investments | $149,500 |
| 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 | $2,728,318 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,052,826 |
| 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, Laurence W Levine Foundation Inc has awarded $1,625,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
MUHLENBERG COLLEGE PURPOSE: EXEMPT ORGANIZATION PURPOSE | $8,000 |
MELVILLE JEWISH CENTER PURPOSE: EXEMPT ORGANIZATION PURPOSE | $17,000 |
THE CARON FOUNDATION PURPOSE: EXEMPT ORGANIZATION PURPOSE | $10,000 |
PERKIOMEN SCHOOL PURPOSE: EXEMPT ORGANIZATION PURPOSE | $10,000 |
SMART KIDS PURPOSE: ORGANIZATION'S EXEMPT | $10,000 |
ARBUTOS PURPOSE: EXEMPT ORGANIZATION PURPOSE | $15,000 |