Laurence Levine Charitable Fund Inc
- Assets
- $727.5k
- Revenue
- -$77.4k
- Investments
- $708.4k
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 02-0704231
Organization Overview
Laurence Levine Charitable Fund Inc is located in West Palm Beach, FL. The organization was established in 2003. 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. Laurence Levine Charitable 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, Laurence Levine Charitable Fund Inc generated -$77.4k in total revenue. All expenses for the organization totaled $76.4k during the year ending 12/2021. While expenses have increased by 113.6% per year over the past 2 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 |
|---|---|---|---|
M Hill Treasurer | 1 | $0 | |
Sj Kumble Vice President | 1 | $0 | |
Sarah C Langham Executive Director | 1.5 | $0 | |
Thomas R Moore President/director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$93,380 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,925 |
| Total Revenue | -$77,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,716 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $4,114 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $185 |
| Total operating and administrative expenses | $71,435 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $76,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $19,100 |
| Total assets | $727,533 |
| 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 | $388,991 |
| Total liabilities | $388,991 |
Grants Awarded
Over the last fiscal year, Laurence Levine Charitable Fund Inc has awarded $10,980 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL FUND | $3,000 |
OCEANAINC PURPOSE: GENERAL FUND | $2,500 |
WESTPORT COUNTRY PLAYHOUSE PURPOSE: GENERAL FUND | $2,000 |
MEMORIAL SLOAN KETTERING OFFICE OF DEVELOPMENT PURPOSE: GENERAL FUND | $1,200 |
THE FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL FUND | $1,000 |
THE SOCIETY OF MAYFLOWER DESCENDANTS PURPOSE: GENERAL FUND | $800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |