Lifebridge Foundation Inc
- Assets
- $3.7m
- Revenue
- $254.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 06-1356766
Organization Overview
Lifebridge Foundation Inc is located in New York, NY. The organization was established in 1993. 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. Lifebridge Foundation 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, Lifebridge Foundation Inc generated $254.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $329.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFEBRIDGE SANCTUARY - PROVIDE A UNIQUE EXPERIENCE OF AN INTIMATE SPACE THAT ALLOWS FOR PRODUCTIVE MEETINGS TO A WIDE VARIETY OF NOT-FOR-PROFIT GROUPS AT AN AFFORDABLE COST
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kraft Treasurer | 30 | $62,000 | |
Barbara Valocore President | 20 | $35,000 | |
Stephen Nation Secretary | 1 | $0 | |
Nancy Roof Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,199 |
| Interest on Savings | $2,495 |
| Dividends & Interest | $21,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,655 |
| Capital Gain Net Income | $121,655 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,955 |
| Total Revenue | $254,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $18,108 |
| Interest | $0 |
| Taxes | $9,432 |
| Depreciation | $101,711 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $31 |
| Printing and publications | $95 |
| Other expenses | $72,481 |
| Total operating and administrative expenses | $328,951 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $328,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,145 |
| 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 | $11,478 |
| Net Land, buildings, and equipment | $2,468,910 |
| Other assets | $0 |
| Total assets | $3,692,869 |
| Accounts payable and accrued expenses | $3,146 |
| 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 | $407 |
| Total liabilities | $3,553 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifebridge Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Mckinney Geib Foundation Inc Buford, GA PURPOSE: OPERATIONS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |