Libby Holman Foundation Inc
- Assets
- $2.0m
- Revenue
- $196.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Westport, CT
- Founding
- 06/1962
- Data as of
- 10/2023
- EIN
- 11-6037769
Organization Overview
Libby Holman Foundation Inc is located in Westport, CT. The organization was established in 1962. 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. Libby Holman 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 10/2023, Libby Holman Foundation Inc generated $196.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $226.9k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Libby Holman Foundation Inc has awarded 107 individual grants totaling $994,500. 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 |
|---|---|---|---|
Lloyd S Clareman Chairman | 2 | $28,000 | |
Kyle Reynolds Director | 0.25 | $0 | |
Brooke Cheney Director | 0.25 | $0 | |
Erin Holzman Director | 0.25 | $0 | |
Anthony Reynolds Director | 0.25 | $0 | |
Janet Lea Renfro Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,127 |
| Dividends & Interest | $52,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $138,813 |
| Capital Gain Net Income | $138,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,283 |
| Total Revenue | $196,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,625 |
| Total operating and administrative expenses | $69,884 |
| Contributions, gifts, grants paid | $157,000 |
| Total expenses and disbursements | $226,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,708 |
| 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 | $83,567 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,945 |
| Total assets | $2,037,353 |
| 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, Libby Holman Foundation Inc has awarded $157,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BARGE MUSIC LTD PURPOSE: 200GENERAL SUPPORT | $5,000 |
EAST HARLEM TUTORIAL PROGRAM PURPOSE: GENERAL SUPPORT | $20,000 |
HAPPINESS IS CAMPING PURPOSE: GENERAL SUPPORT | $14,000 |
BOWERY MISSION PURPOSE: GENERAL SUPPORT | $15,000 |
BLOOMINGDALE SCHOOL OF MUSIC PURPOSE: GENERAL SUPPORT | $2,000 |
FREE STORE FOOD BANK PURPOSE: GENERAL SUPPORT | $20,000 |