Elizabeth M Falk Foundation
- Assets
- $847.4k
- Revenue
- $155.7k
- Investments
- $736.1k
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 03/1985
- Data as of
- 08/2024
- EIN
- 95-3950915
Organization Overview
Elizabeth M Falk Foundation is located in Sherman Oaks, CA. The organization was established in 1985. 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. Elizabeth M Falk 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 08/2024, Elizabeth M Falk Foundation generated $155.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $165.3k during the year ending 08/2024. While expenses have increased by 6.5% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Falk President | 2 | $9,056 | |
Sue Falk Secretary | 6 | $51,645 | |
Charles Schwab Custodian | 4 | $9,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,741 |
| Dividends & Interest | $20,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,720 |
| Capital Gain Net Income | $119,720 |
| Net ST Capital Gain | $4,378 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,877 |
| Other employee salaries and wages | $50,842 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9 |
| Total operating and administrative expenses | $135,294 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $165,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,770 |
| 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 | $61,609 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $847,438 |
| 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, Elizabeth M Falk Foundation has awarded $66,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CARMA PURPOSE: CARE FOR ANIMALS | $2,000 |
PASADENA HUMANE SOCIETY PURPOSE: REFUGE FOR HOMLESS AMIMALS | $64,500 |