Laniado Development Fund Inc
- Assets
- $541.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-4291538
Organization Overview
Laniado Development Fund Inc is located in Monsey, NY. The organization was established in 2019. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laniado Development Fund 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, Laniado Development Fund Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
TO SUPPORT THE LANIADO HOSPITAL IN NETANYA ISRAEL AND OTHER CHARITABLE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE LANIADO HOSPITAL IN NETANYA ISRAEL AND OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chaim S Kresch Trustee | OfficerTrustee | 10 | $0 |
Dov Shtemer Trustee | Trustee | 10 | $0 |
Tzvi Reichman Trustee | Trustee | 10 | $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 | $1,706,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,706,128 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,706,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,300,000 |
| 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 | $99,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,225 |
| Payroll taxes | $9,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $925 |
| Office expenses | $64,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,625 |
| Travel | $4,472 |
| 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 | $1,812 |
| All other expenses | $0 |
| Total functional expenses | $1,542,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $70,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $541,683 |
| 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 | $0 |
| 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 | $164,103 |
| Total liabilities and net assets/fund balances | $541,683 |
Grants Awarded
Over the last fiscal year, Laniado Development Fund Inc has awarded $145,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Suffern, NY PURPOSE: Support to the Organization | $120,000 |
Brooklyn, NY PURPOSE: Support to the Organization | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Laniado Development Fund Inc has recieved totaling $50,127.
| Awarding Organization | Amount |
|---|---|
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $40,100 |
Goldner Family Foundation Inc Los Angeles, CA PURPOSE: PUBLIC CHARITY | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Count Me In Inc Cambridge, MA | $7,331,909 | $8,017,841 |
Lung Cancer Research Foundation New York, NY | $5,738,095 | $6,154,252 |
The Ricbac Foundation Newtonville, MA | $46,150,580 | $5,404,964 |
Samuel Waxman Cancer Research Foundation New York, NY | $4,834,675 | $2,510,809 |
Advanced Medical Research Foundation Inc Brookline, MA | $69,323,551 | $6,501,514 |
For Petes Sake Cancer Respite Foundation Plymouth Meeting, PA | $5,811,462 | $3,990,620 |
International Myeloma Society Needham, MA | $7,371,497 | $4,469,545 |
Laniado Development Fund Inc Monsey, NY | $541,683 | $1,706,128 |
American-Italian Cancer Foundation New York, NY | $5,209,552 | $1,660,961 |
Sbarro Health Research Organization Inc Philadelphia, PA | $1,818,007 | $1,444,668 |
Stachestrong Inc Vestal, NY | $447,946 | $1,183,926 |
Arms Wide Open Childhood Cancer Foundation Marlboro, NJ | $332,441 | $1,049,867 |