Lor Foundation Inc
- Assets
- $315.7m
- Revenue
- $4.1m
- Investments
- $274.7m
- Employees
- 0
- Location
- West Chester, PA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5682977
Organization Overview
Lor Foundation Inc is located in West Chester, PA. The organization was established in 2007. 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. Lor 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, Lor Foundation Inc generated $4.1m 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 (21.3%) each year. All expenses for the organization totaled $22.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, PUBLISHING AND DISTRIBUTION OF COMMUNITY DATA & SOLUTIONS FOR SOLVING QUALITY OF LIFE CHALLANGES. OVER 35 COMMUNITY RESOURCES PRODUCED.
TECHNICAL ASSISTANCE TO PUBLIC CHARITIES, GOVERNMENTS AND OTHER ORGANIZATIONS. 35 INSTANCES OF SUPPORT PROVIDED TO OVER 20 ORGANIZATIONS.
STAFF SERVICE ON VOLUNTEER BOARDS & ADVISORY GROUPS. OVER 18 ENTITIES SERVED.
SERVICES PROVIDED FOR COMMUNITY EVENTS SUPPORTING FINANCIALLY DISADVANTAGED YOUTH & FAMILIES IN MONTE VISTA, CO AND LIBBY, MT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy E Wyss Board Chair & President | 0 | $0 | |
Ed Jaramillo Board Member & Secretary | 0 | $0 | |
Robert Donohue Board Member & Treasurer | 0 | $0 | |
Kasey Cordell Communications Offcr | 45 | $129,099 | |
Alex Dunlop Chief Bus Dev Offcr | 45 | $173,950 | |
Joan Mcgrath Chief Program Offcr | 45 | $229,758 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/22 | $815,298 |
Greystar Southeast Llc | 12/30/22 | $419,658 |
National Journal Group | 12/30/22 | $63,334 |
White Label Group | 12/30/22 | $228,168 |
Embrace Your Space Organizational Soltns | 12/30/22 | $73,665 |
Morgan Stanley | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,565,085 |
| Dividends & Interest | $3,150,646 |
| Net Rental Income | $3,349,021 |
| Net Gain on Sale of Assets | -$3,354,637 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$573,936 |
| Total Revenue | $4,136,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,661,103 |
| Pension plans, employee benefits | $502,429 |
| Interest | $0 |
| Taxes | $891,846 |
| Depreciation | $1,487,576 |
| Occupancy | $33,325 |
| Travel, conferences, and meetings | $90,246 |
| Printing and publications | $0 |
| Other expenses | $5,230,595 |
| Total operating and administrative expenses | $11,804,223 |
| Contributions, gifts, grants paid | $10,247,849 |
| Total expenses and disbursements | $22,052,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,250,749 |
| Net Accounts receivable | $71,760 |
| 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 | $164,051 |
| Net Investments - land, buildings, equipment | $28,155,896 |
| Investments—mortgage loans | $0 |
| Investments—other | $113,763,976 |
| Net Land, buildings, and equipment | $4,321,011 |
| Other assets | $0 |
| Total assets | $315,654,313 |
| Accounts payable and accrued expenses | $809,123 |
| 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 | $809,123 |