Lemberg Foundation Inc
- Assets
- $8.9m
- Revenue
- $3.5m
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1949
- Data as of
- 12/2023
- EIN
- 13-6082064
Organization Overview
Lemberg Foundation Inc is located in New York, NY. The organization was established in 1949. 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. Lemberg 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 12/2023, Lemberg Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lemberg Foundation Inc has awarded 494 individual grants totaling $31,580,624. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Usdan President | 0 | $0 | |
Adam Usdan Vice President & Tre | 0 | $0 | |
Esme Usdan Secretary | 0 | $0 | |
Dale Lewis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $118,027 |
| Dividends & Interest | $1,042,521 |
| Net Rental Income | $32,152 |
| Net Gain on Sale of Assets | $930,160 |
| Capital Gain Net Income | $930,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,030,486 |
| Total Revenue | $3,490,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160,000 |
| Depreciation | $82,064 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $503,979 |
| Total operating and administrative expenses | $789,841 |
| Contributions, gifts, grants paid | $3,238,116 |
| Total expenses and disbursements | $4,027,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,860 |
| Savings and temporary cash investments | $919,771 |
| 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 | $5,422,870 |
| Total assets | $8,868,229 |
| 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, Lemberg Foundation Inc has awarded $3,238,116 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
92ND ST Y PURPOSE: GENERAL PUBLIC SUPPORT | $375,000 |
BENNINGTON COLLEGE PURPOSE: GENERAL PUBLIC SUPPORT | $125,000 |
BRAVER ANGELS PURPOSE: GENERAL PUBLIC SUPPORT | $1,000 |
BROOKINGS INSTITUTE PURPOSE: GENERAL PUBLIC SUPPORT | $5,416 |
BRONX HOUSE INC PURPOSE: GENERAL PUBLIC SUPPORT | $25,000 |
BROOKLYN ACADEMY OF MUSIC PURPOSE: GENERAL PUBLIC SUPPORT | $125,000 |