Randi And Clifford Lane Foundation
- Assets
- $26.5m
- Revenue
- $290.1k
- Investments
- $5.3m
- Employees
- 0
- Location
- Holbrook, NY
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 11-3635985
Organization Overview
Randi And Clifford Lane Foundation is located in Holbrook, NY. 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. Randi And Clifford Lane 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 12/2021, Randi And Clifford Lane Foundation generated $290.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Randi And Clifford Lane Foundation has awarded 186 individual grants totaling $9,939,135. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsi Lane Director | 30 | $300,000 | |
Matthew Lane Director | 30 | $300,000 | |
Clifford Lane President | 2 | $0 | |
Randi Lane Vice President | 2 | $0 | |
Terrance M Bennett Director | 0 | $0 | |
Thomas Brown CFO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,568 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,581 |
| Capital Gain Net Income | $256,581 |
| Net ST Capital Gain | $175,565 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $290,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,160 |
| Interest | $857 |
| Taxes | $1,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,220 |
| Total operating and administrative expenses | $673,663 |
| Contributions, gifts, grants paid | $1,905,375 |
| Total expenses and disbursements | $2,579,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,104,514 |
| 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 | $38,888 |
| Total assets | $26,464,825 |
| Accounts payable and accrued expenses | $20,600 |
| 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 | $20,600 |
Grants Awarded
Over the last fiscal year, Randi And Clifford Lane Foundation has awarded $1,905,375 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWELL HEALTH FDN PURPOSE: CHARITABLE PURPOSE | $750,000 |
ST JUDE CHILDREN RESEARCH PURPOSE: CHARITABLE PURPOSE | $400,000 |
ISLAND HARVEST PURPOSE: CHARITABLE PURPOSE | $100,000 |
ST FRANCIS HOSP FDN PURPOSE: CHARITABLE PURPOSE | $100,000 |
SPECIAL OPERATIONS WARRIOR PURPOSE: CHARITABLE PURPOSE | $50,000 |
New York, NY PURPOSE: CHARITABLE PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |