Lawton W Fitt And James I Mclaren Foundation
- Assets
- $11.7m
- Revenue
- $607.2k
- Investments
- $11.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1998
- Data as of
- 09/2023
- EIN
- 13-3919763
Organization Overview
Lawton W Fitt And James I Mclaren Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Lawton W Fitt And James I Mclaren 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 09/2023, Lawton W Fitt And James I Mclaren Foundation generated $607.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $711.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Lawton W Fitt And James I Mclaren Foundation has awarded 40 individual grants totaling $1,123,350. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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 |
|---|---|---|---|
Lawton W Fitt Trustee | 1 | $0 | |
James I Mclaren Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,330 |
| Dividends & Interest | $282,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,952 |
| Capital Gain Net Income | $292,952 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,599 |
| Total Revenue | $607,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,665 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,162 |
| Total operating and administrative expenses | $65,508 |
| Contributions, gifts, grants paid | $645,750 |
| Total expenses and disbursements | $711,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139 |
| Savings and temporary cash investments | $387,718 |
| 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 | $4,675,629 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,707,555 |
| 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, Lawton W Fitt And James I Mclaren Foundation has awarded $645,750 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON MARKET GARDEN PURPOSE: GENERAL PURPOSE | $250 |
FRIENDS OF HUDSON RIVER PARK PURPOSE: GENERAL | $30,000 |
WOMEN'S FORUM OF NEW YORK (EDUCATION FUND) PURPOSE: GENERAL | $5,000 |
BELLPORT AREA COMMUNITY ACTION COMMITTEE PURPOSE: GENERAL | $5,000 |
PROMISE PROJECT PURPOSE: GENERAL | $1,500 |
NEW YORK PUBLIC RADIO PURPOSE: GENERAL | $1,500 |