Lbs Charity Foundation Inc
- Assets
- $1.5m
- Revenue
- $194.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, NY
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-4725130
Organization Overview
Lbs Charity Foundation Inc is located in Monroe, NY. The organization was established in 2017. 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. Lbs Charity 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 12/2022, Lbs Charity Foundation Inc generated $194.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shimon Weinberger Director | 1 | $0 | |
Perry P Weinberger Director | 1 | $0 | |
Joel Weinberger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $69 |
| 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 | $44,099 |
| Total Revenue | $194,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $297 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,420 |
| Total operating and administrative expenses | $5,720 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,668 |
| Savings and temporary cash investments | $368,836 |
| Net Accounts receivable | $49,967 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $969,209 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,545,680 |
| 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, Lbs Charity Foundation Inc has awarded $320,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE JEWISH INSTITUTE OF QUEENS PURPOSE: FOR ASSISTANCE TO INDIGENT FAMILIES | $90,000 |
UTA MESIVTA OF KIRYAS JOEL PURPOSE: FOR ASSISTANCE TO INDIGENT STUDENTS | $180,000 |
CONGREGATION OHR MENACHEM PURPOSE: FOR ASSISTANCE TO INDIGENT FAMILIES | $50,000 |