Lone Pine Foundation Inc
- Assets
- $44.1m
- Revenue
- $1.3m
- Investments
- $40.1m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 06-1637040
Organization Overview
Lone Pine Foundation Inc is located in Greenwich, CT. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Lone Pine 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 12/2023, Lone Pine Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS FAIRFIELD COUNTY PUBLIC ELEMENTARY SCHOOLS THROUGH PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS, COACHES, AND PRINCIPALS CENTERED AROUND MATH
INSTRUCTION AND SOCIAL EMOTIONAL LEARNING. THE FOUNDATION PROVIDES FUNDING FOR WORKSHOPS, CONSULTANTS, AND VENDORS TO FURTHER THE PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen F Mandel Jr Dir/pres/chairman | 1 | $0 | |
Kerry A Tyler Dir/vp/treasurer | 1 | $0 | |
Lucy Ball Executive Director | 1 | $0 | |
Dave Craver Director | 1 | $0 | |
Katherine Gehrmann Associate Director/secretary | 1 | $0 | |
Brian Doherty Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,923,360 |
| Interest on Savings | $21,377 |
| Dividends & Interest | $213,815 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,980,252 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,921 |
| Total Revenue | $1,284,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,850 |
| Contributions, gifts, grants paid | $10,130,713 |
| Total expenses and disbursements | $10,138,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,015,450 |
| 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 | $40,074,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,090,330 |
| 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, Lone Pine Foundation Inc has awarded $850,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALL OUR KIN PURPOSE: INNOVATION | $200,000 |
THE CHILDREN'S VILLAGE PURPOSE: INNOVATION | $200,000 |
FAITHACTS FOR EDUCATION PURPOSE: INNOVATION | $200,000 |
DOMUS KIDS PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |