Lee Graff Foundation
- Assets
- $1.9m
- Revenue
- $104.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- San Clemente, CA
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 95-4252561
Organization Overview
Lee Graff Foundation is located in San Clemente, 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. Lee Graff 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, Lee Graff Foundation generated $104.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $193.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lee Graff Foundation has awarded 61 individual grants totaling $830,981. 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 |
|---|---|---|---|
Scott Morielli Trustee | 10 | $27,000 | |
Victoria Schaffer Trustee | 2 | $6,000 | |
Jasmine Morielli Trustee | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,981 |
| Dividends & Interest | $45,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,834 |
| Capital Gain Net Income | $48,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,081 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,749 |
| Total operating and administrative expenses | $74,581 |
| Contributions, gifts, grants paid | $119,305 |
| Total expenses and disbursements | $193,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,423 |
| Savings and temporary cash investments | $0 |
| 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 | $1,862,061 |
| 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, Lee Graff Foundation has awarded $119,305 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LA PHILHARMONIC HOLLYWOOD BOWL PURPOSE: CHARITABLE | $16,305 |
INNER CITY ARTS PURPOSE: CHARITABLE | $25,000 |
BREAK THE CHAIN KENNEL KRU PURPOSE: CHARITABLE | $15,000 |
FAMILY ASSISTANCE MINISTRIES PURPOSE: CHARITABLE | $5,000 |
HOLY FAMILY SERVICES PURPOSE: CHARITABLE | $5,000 |
SEGERSTROM CENTER FOR THE ARTS PURPOSE: CHARITABLE | $25,000 |