Leo Freedman Foundation
- Assets
- $1.3m
- Revenue
- $70.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Encino, CA
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 95-4212896
Organization Overview
Leo Freedman Foundation is located in Encino, CA. The organization was established in 1990. 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. Leo Freedman 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 12/2022, Leo Freedman Foundation generated $70.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $124.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leo Freedman Foundation has awarded 22 individual grants totaling $539,142. 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 |
|---|---|---|---|
Ellis Stern Co Stern Golberg Trustee | 2 | $13,734 | |
Sharon Lesk Co Tygir Enterprises Trustee | 2 | $14,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $136 |
| Dividends & Interest | $24,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,412 |
| Capital Gain Net Income | $45,412 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,542 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,468 |
| Total operating and administrative expenses | $49,085 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $124,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $299,376 |
| Net Accounts receivable | $493 |
| 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 | $250,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,332,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $536 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $536 |
Grants Awarded
Over the last fiscal year, Leo Freedman Foundation has awarded $75,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAL STATE UNIV - FULLERTON PURPOSE: FINE ARTS - SCHOLARSHIPS | $25,000 |
CHAPMAN UNIVERSITY PURPOSE: FINE ARTS - SCHOLARSHIPS | $25,000 |
UNIVERSITY OF CALIFORNIA - IRVINE PURPOSE: FINE ARTS - SCHOLARSHIPS, SIGNS FOR UCI | $25,000 |