Golden Ladder Foundation
- Assets
- $2.9m
- Revenue
- $2.0m
- Investments
- $2.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-1700260
Organization Overview
Golden Ladder Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Golden Ladder Foundation 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, Golden Ladder Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.4% each year . All expenses for the organization totaled $60.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Gelband Dir, Treas, Co- Pres | 1 | $0 | |
Amanda Leiter Co- Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $247,075 |
| Interest on Savings | $584 |
| Dividends & Interest | $34,185 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,718,938 |
| Capital Gain Net Income | $1,842,104 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,000,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $531 |
| Taxes | $8,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,596 |
| Total operating and administrative expenses | $18,385 |
| Contributions, gifts, grants paid | $42,500 |
| Total expenses and disbursements | $60,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $882,210 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,898,702 |
| 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, Golden Ladder Foundation has awarded $42,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ROOTS INSTITUTE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ROCK THE STREET WALL STREET PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
SENTIENT MEDIA PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
TEMPLE SHAARAY TEFILA AKA CONGREGATION SHAARAY TEF PURPOSE: RAISE THE ROOFTOP PROJECT | $3,000 |
THE HUMANE LEAGUE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |