Lmcl Inc
- Assets
- $28.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 13-4077883
Organization Overview
Lmcl Inc is located in New York, NY. The organization was established in 2000. 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. Lmcl 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, Lmcl Inc generated $1.6m 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 (11.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
LEGACY HERITAGE TEACHER INSTITUTE FOR THE ARTS PROGRAM
LEGACY HERITAGE TEACHER INSTITUTE PROGRAM
LEGACY HERITAGE TEACHER MAKER INSTITUTE FOR EDUCATIONAL TECHNOLOGY
LEGACY HERITAGE TEACHER LEADER FELLOWSHIP
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 |
|---|---|---|---|
B Gloznek Assistant Secretary | 0 | $0 | |
W Stern Director | 0 | $0 | |
R Kanner Director | 0 | $0 | |
S Wexner Pres,secy,treas,dir | 0 | $0 | |
G Levy Director | 0 | $0 | |
R Agus Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $624,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $890,063 |
| Capital Gain Net Income | $890,063 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,437 |
| Total Revenue | $1,641,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,821 |
| Taxes | $81,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127,613 |
| Total operating and administrative expenses | $229,230 |
| Contributions, gifts, grants paid | $1,932,458 |
| Total expenses and disbursements | $2,161,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $449,400 |
| 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 | $27,672,080 |
| Total assets | $28,121,480 |
| Accounts payable and accrued expenses | $33,820 |
| 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 | $33,820 |
Grants Awarded
Over the last fiscal year, Lmcl Inc has awarded $1,932,458 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY HERITAGE PROGRAMMING V LLC PURPOSE: OTHER DIRECT CHARITABLE ACTIVITIES | $1,288,578 |
LEGACY HERITAGE TEACHER LEADER FELLOWSHIP PROGRAM PURPOSE: A PROGRAM TO PROVIDE PROFESSIONAL DEVELOPMENT FOR JEWISH DAY SCHOOL EDUCATORS. | $461,383 |
LEGACY HERITAGE TEACHER MAKER INSTITUTE FOR EDUCATIONAL TECHNOLOGY PROGRAM PURPOSE: A PROGRAM DEVOTED TO ENCOURAGING DAY-SCHOOL TEACHERS AND ED-TECH COORDINATORS TO THINK, COLLABORATE AND DEVELOP THEIR KNOWLEDGE AND SKILLS TO HARNESS TECHNOLOGY TO TRANSFORM THE MODERN CLASSROOM THROUGH THE VARIOUS PROGRAM ELEMENTS.THE PROGRAM ELEMENTS INTEGRATE TECHNOLOGY AND MAKER SPACE TECHNIQUES WITH GENERAL STUDIES SUBJECT AREAS SUCH AS STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS AND MATHEMATICS) COURSEWORK AS WELL AS JUDAIC STUDIES. | $83,038 |
LEGACY HERITAGE INSTITUTE FOR THE ARTS PROGRAM PURPOSE: A PROGRAM THAT PROVIDES PROFESSIONAL DEVELOPMENT FOR JEWISH DAY SCHOOL EDUCATORS. | $60,415 |
SOCIETY FOR THE INTERPRETATION OF TALMUD PURPOSE: PROVIDE SUPPORT FOR THE ORGANIZATION'S RELIGIOUS AND EDUCATIONAL PROGRAMMING. | $24,000 |
LEGACY HERITAGE TEACHERS INSTITUTE PURPOSE: A PROGRAM FOR DAY SCHOOL TEACHERS THAT TEACH A TEXT BASED JUDAIC STUDIES SUBJECT. | $15,044 |
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 |