Leonard And Ilona H Ling Familyfoundation
- Assets
- $1.3m
- Revenue
- $292.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2007
- Data as of
- 06/2022
- EIN
- 20-5247159
Organization Overview
Leonard And Ilona H Ling Familyfoundation is located in Wilmington, DE. The organization was established in 2007. 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. Leonard And Ilona H Ling Familyfoundation 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 06/2022, Leonard And Ilona H Ling Familyfoundation generated $292.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $132.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leonard And Ilona H Ling Familyfoundation has awarded 17 individual grants totaling $443,850. 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.
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 |
|---|---|---|---|
Mark Christiansen Dir, Sec | 1 | $0 | |
Michael Hennessey Atty Dir | 1 | $0 | |
E Lawrence Ling Dir | 1 | $0 | |
Andrew Stout Dir, Pres | 1 | $0 | |
John Wedgwood Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $51,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,645 |
| Capital Gain Net Income | $240,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $292,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,909 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,459 |
| Printing and publications | $0 |
| Other expenses | $8,902 |
| Total operating and administrative expenses | $37,921 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $132,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,742 |
| 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 | $0 |
| Total assets | $1,342,462 |
| 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, Leonard And Ilona H Ling Familyfoundation has awarded $95,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACACIA FRATERNITY FOUNDATION INC PURPOSE: LING WESTERN COLONIES AND CHAPTER ENDOWMENT FUND | $5,000 |
UNIVERSITY OF THE PACIFIC PURPOSE: UOP DUGONI DENTAL SCHOOL ANNUAL FUND | $10,000 |
UNIVERSITY OF THE PACIFIC PURPOSE: DR. LEONARD & ILONA LING FAMILY FOUNDATION ENDOWED FUND | $75,000 |
UNIVERSITY OF THE PACIFIC PURPOSE: CHARITABLE EVENT | $5,000 |