Lucerna Fund
- Assets
- $23.8m
- Revenue
- $952.4k
- Investments
- $22.9m
- Employees
- 0
- Location
- Port Washington, NY
- Founding
- 11/1965
- Data as of
- 12/2023
- EIN
- 11-6044099
Organization Overview
Lucerna Fund is located in Port Washington, NY. The organization was established in 1965. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucerna Fund 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, Lucerna Fund generated $952.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECORDING OF LITERARY WORKS AND DISTRIBUTION OF RECORDINGS TO VISUALLY HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Holland Director And President | 0.25 | $0 | |
Larry Condon Director And Vice President | 0.25 | $0 | |
Denis O'connor Director And Vice President | 0.25 | $0 | |
Joan Daly Director And Treasurer | 0.25 | $0 | |
Sondra Mochson Director | 0.25 | $0 | |
Lloyd Burlingame Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $274,428 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $667,948 |
| Capital Gain Net Income | $667,948 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $952,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $279,025 |
| Other employee salaries and wages | $229,898 |
| Pension plans, employee benefits | $289,636 |
| Interest | $0 |
| Taxes | $5,741 |
| Depreciation | $0 |
| Occupancy | $79,314 |
| Travel, conferences, and meetings | $301 |
| Printing and publications | $72,816 |
| Other expenses | $87,666 |
| Total operating and administrative expenses | $1,229,874 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,229,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642 |
| Savings and temporary cash investments | $967,802 |
| 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 | $0 |
| Total assets | $23,834,032 |
| 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 |