Michael J And Patricia Levittfamily Charitable Foundation Inc
- Assets
- $323.8k
- Revenue
- $2.3m
- Investments
- $69.9k
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-8140755
Organization Overview
Michael J And Patricia Levittfamily Charitable Foundation Inc is located in Camden, NJ. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael J And Patricia Levittfamily Charitable 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, Michael J And Patricia Levittfamily Charitable Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 9 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.
Since 2014, Michael J And Patricia Levittfamily Charitable Foundation Inc has awarded 985 individual grants totaling $14,670,434. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED TO PROVIDE EDUCATIONAL SCHOLARSHIPS.
PROVIDE CHARITABLE DONATIONS TO REGISTERED 501(C)(3) ORGANIZATIONS WHOSE CHARITABLE PURPOSES FOCUS ON PET RELATED ISSUES.
PROVIDE DONATIONS FOR ANY OTHER CHARITABLE, LITERARY, SCIENTIFIC AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Levitt Exec. Vice President/secretary | 0.5 | $0 | |
Patricia Levitt President/chairman/treasurer | 0.5 | $0 | |
Andrew J Bocchino V.p./assistant Secretary | 0.5 | $0 | |
Paul Chan Trustee | 0.5 | $0 | |
Joseph Purcell Trustee | 0.5 | $0 | |
Phoebe Washburn Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,253,900 |
| Interest on Savings | $907 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,254,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,763 |
| Total operating and administrative expenses | $121,775 |
| Contributions, gifts, grants paid | $2,072,096 |
| Total expenses and disbursements | $2,193,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,314 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $567 |
| 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 | $69,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $323,814 |
| Accounts payable and accrued expenses | $161,348 |
| 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 | $161,348 |
Grants Awarded
Over the last fiscal year, Michael J And Patricia Levittfamily Charitable Foundation Inc has awarded $2,072,096 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
THE COOPER FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |
DREXEL UNIVERSITY PURPOSE: SCHOLARSHIP | $16,000 |
HILLSBOROUGH COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $10,500 |
CHESAPEAK CATS AND DOGS PURPOSE: PROGRAM SUPPORT | $2,000 |
PSPCA PURPOSE: PROGRAM SUPPORT | $7,500 |
NJ AID FOR ANIMALS PURPOSE: PROGRAM SUPPORT | $10,000 |