The Len-Ari Foundation Inc
- Assets
- $16.2m
- Revenue
- $594.7k
- Investments
- $15.5m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 20-1317221
Organization Overview
The Len-Ari Foundation Inc is located in Fort Wayne, IN. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Len-Ari 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 12/2022, Len-Ari Foundation Inc generated $594.7k 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 (13.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Len-Ari Foundation Inc has awarded 119 individual grants totaling $2,997,212. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Rifkin Director, Chairman | 1 | $0 | |
Ariela Rifkin President & Secretary | 1 | $0 | |
Jennifer L Wilson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $410,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,604 |
| Capital Gain Net Income | $181,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $594,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $174,229 |
| Contributions, gifts, grants paid | $1,170,140 |
| Total expenses and disbursements | $1,344,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,760 |
| Savings and temporary cash investments | $0 |
| 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 | $1,536,330 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,192,512 |
| 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, The Len-Ari Foundation Inc has awarded $1,170,140 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MIAMI - BASCOM PALMER PURPOSE: OPERATING SUPPORT | $45,000 |
GRAND TETON MUSIC FESTIVAL PURPOSE: ANNUAL FUND | $120,000 |
PARKVIEW FOUNDATION - FRANCINE'S FRIENDS PURPOSE: MOBILE MAMMOGRAPHY PROGRAM | $10,000 |
SOCIETY FOR THE PRESERVATION OF THE GREAT AMERICAN SONGBOOK PURPOSE: OPERATING SUPPORT | $5,000 |
JACKSON HOLE LAND TRUST PURPOSE: ANNUAL FUND | $50,000 |
KRAVIS CENTER FOR PERFORMING ARTS PURPOSE: ANNUAL CAMPAIGN | $47,500 |