Herman Liebman Memorial Fund Inc
- Assets
- $1.1m
- Revenue
- $403.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 13-3313999
Organization Overview
Herman Liebman Memorial Fund Inc is located in Bronx, NY. The organization was established in 1986. According to its NTEE Classification (T30) the organization is classified as: Public 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. Herman Liebman Memorial Fund 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 12/2021, Herman Liebman Memorial Fund Inc generated $403.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $362.4k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND SUPPORT CULTURALAND EDUCATIONAL PROGRAMS FOR RESIDENTS OF TWO MODERATE INCOMEHOUSING DEVELOPMENTS, AMALGAMATED HOUSING AND PARK RESERVOIR HOUSING,AND MEMBERS OF THE GENERAL PUBLIC IN THE SURROUNDING NORTH BRONX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND SUPPORT CULTURAL AND EDUCATIONAL PROGRAMS FOR RESIDENTSOF TWO MODERATE INCOME HOUSING DEVELOPMENTS AND MEMBERS OF THE GENERAL PUBLIC IN THE SURROUNDING NORTH BRONX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Yaker President | 0 | $0 | |
Brad Silver 1st Vice President | 0 | $0 | |
Murray Citron 2nd Vice President | 0 | $0 | |
Howard Kamiel Secretary | 0 | $0 | |
Jack Spiegel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,110 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| Net Rental Income | $49,783 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $403,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $7,714 |
| Taxes | $55,174 |
| Depreciation | $39,652 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $243,257 |
| Total operating and administrative expenses | $362,383 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $362,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $222,930 |
| Net Accounts receivable | $26,332 |
| 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 | $868,670 |
| Other assets | $28,000 |
| Total assets | $1,145,932 |
| Accounts payable and accrued expenses | $21,042 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $185,431 |
| Other liabilities | $38,198 |
| Total liabilities | $244,671 |
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