Lucille Lortel Foundation Inc
- Assets
- $18.5m
- Revenue
- $2.4m
- Investments
- $17.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2005
- Data as of
- 06/2021
- EIN
- 13-3036521
Organization Overview
Lucille Lortel Foundation Inc is located in New York, NY. The organization was established in 2005. 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. Lucille Lortel 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 06/2021, Lucille Lortel Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 2.1% per year over the past 4 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.
Since 2015, Lucille Lortel Foundation Inc has awarded 134 individual grants totaling $4,881,834. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GENERAL OPERATING SUPPORT GRANTS TO NYC THEATRE COMPANIES, NYC THEATRE SERVICE ORGANIZATIONS, AND THE LUCILLE LORTEL THEATRE. IT ALSO MAKES PROGRAM SPECIFIC GRANTS TO NEW YORK STATE AND CONNECTICUT THEATRE COMPANIES. IN 2021, GRANT MAKING INCREASED IN DIRECT RESPONSE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Forbes VP / Executive Director | 30 | $122,382 | |
Matthew Clarke Treasurer / Director | 2 | $7,500 | |
Michael Hecht President / Board Chairman | 2 | $0 | |
Ira Gilbert Secretary / Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $494,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,816,716 |
| Capital Gain Net Income | $1,816,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $47,101 |
| Total Revenue | $2,358,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,882 |
| Other employee salaries and wages | $88,704 |
| Pension plans, employee benefits | $55,461 |
| Interest | $0 |
| Taxes | $23,833 |
| Depreciation | $1,578 |
| Occupancy | $97,496 |
| Travel, conferences, and meetings | $147 |
| Printing and publications | $0 |
| Other expenses | $42,886 |
| Total operating and administrative expenses | $740,384 |
| Contributions, gifts, grants paid | $1,587,000 |
| Total expenses and disbursements | $2,327,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $649,615 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $3,722 |
| Other assets | $8,750 |
| Total assets | $18,490,464 |
| Accounts payable and accrued expenses | $10,131 |
| 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 | $10,131 |
Grants Awarded
Over the last fiscal year, Lucille Lortel Foundation Inc has awarded $1,587,000 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
LUCILLE LORTEL THEATRE FOUNDATION PURPOSE: SUPPORT OPERATIONS & LORTEL AWARDS | $847,500 |
New York, NY PURPOSE: SENIOR MUSICIANS CONCERT | $56,000 |
Westport, CT PURPOSE: WHITE BARN PROGRAM | $30,000 |
INDIE THEATER FUND PURPOSE: ANTI-RACIST TRAINING | $25,000 |
DRAMATISTS GUILD FOUNDATION PURPOSE: WRITERS ALLIANCE GRANTS | $20,000 |
Hartford, CT PURPOSE: NEW PLAY DEVELOPMENT PROGRAM | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lucille Lortel Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Siff Charitable Foundation Worcester, MA PURPOSE: GENERAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |