Lor Foundation Inc
- Assets
- $352.4m
- Revenue
- $12.9m
- Investments
- $308.6m
- Employees
- 0
- Location
- West Chester, PA
- Founding
- 08/2007
- Data as of
- 12/2021
- 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 12/2021, Lor Foundation Inc generated $12.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $19.7m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PUBLISHING AND DISTRIBUTION OF COMMUNITY IDEAS FOR SOLVING QUALITY OF LIFE CHALLANGES OVER 30 COMMUNITY RESOURCES & PAPERS PRODUCED
TECHNICAL ASSISTANCE TO PUBLIC CHARITIES, GOVERNMENTS AND OTHER ORGANIZATIONS OVER 100 INSTANCES OF SUPPORT PROVIDED TO OVER 25 ORGANIZATI
STAFF SERVICES ON VOLUNTEER BOARDS AND ADVISORY GROUPS 15 ORGANIZATIONS SERVED
COORDINATION OF CONFERENCES AND SEMINARS IN TAOS, NEW MEXICO REGARDING HOUSING AFFORDABILITY ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Wilmot Board Member | 0 | $0 | |
Joan Mcgrath Chief Program Office | 45 | $218,911 | |
Alex Dunlop Chief Bus Dev Office | 45 | $183,003 | |
Kasey Cordell Communications Offic | 45 | $122,700 | |
Jacob Caldwell Strategic Initiative | 45 | $117,058 | |
Amy E Wyss Board Chair & President | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/21 | $843,194 |
Jackson Hole Real Estate Associates | 12/30/21 | $0 |
Greystar Southeast Llc | 12/30/21 | $349,933 |
Greystar Southeast Llc | 12/30/21 | $0 |
National Journal Group | 12/30/21 | $114,666 |
Delivery Associates Limited | 12/30/21 | $187,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,628,267 |
| Dividends & Interest | $3,295,463 |
| Net Rental Income | $2,976,131 |
| Net Gain on Sale of Assets | $5,608,394 |
| Capital Gain Net Income | $5,608,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$619,363 |
| Total Revenue | $12,888,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,323,738 |
| Pension plans, employee benefits | $440,926 |
| Interest | $0 |
| Taxes | $921,195 |
| Depreciation | $1,424,138 |
| Occupancy | $17,168 |
| Travel, conferences, and meetings | $45,670 |
| Printing and publications | $0 |
| Other expenses | $740,867 |
| Total operating and administrative expenses | $6,691,068 |
| Contributions, gifts, grants paid | $13,055,240 |
| Total expenses and disbursements | $19,746,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,006,998 |
| Net Accounts receivable | $27,346 |
| 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 | $22,164 |
| Net Investments - land, buildings, equipment | $29,582,409 |
| Investments—mortgage loans | $0 |
| Investments—other | $107,962,545 |
| Net Land, buildings, and equipment | $121,876 |
| Other assets | $0 |
| Total assets | $352,392,197 |
| Accounts payable and accrued expenses | $668,392 |
| 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 | $668,392 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lor Foundation Inc has recieved totaling $21,127.
| Awarding Organization | Amount |
|---|---|
Onward A Legacy Foundation Cortez, CO PURPOSE: Grants for Cortez area projects | $21,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |