Blanche And Irving Laurie Foundation Inc
- Assets
- $17.4m
- Revenue
- $4.3m
- Investments
- $16.5m
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 03/1984
- Data as of
- 09/2023
- EIN
- 22-2489725
Organization Overview
Blanche And Irving Laurie Foundation Inc is located in Roseland, NJ. The organization was established in 1984. 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. Blanche And Irving Laurie 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 09/2023, Blanche And Irving Laurie Foundation Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $4.7m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blanche And Irving Laurie Foundation Inc has awarded 491 individual grants totaling $20,058,000. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene R Korf Trustee | 15 | $50,000 | |
Scott Korf Trustee | 15 | $50,000 | |
Harvey S Rich Trustee | 15 | $50,000 | |
Laura Zagoren Baron Trustee/pres | 25 | $75,000 | |
Richard A Patt MD Trustee | 15 | $50,000 | |
Robert Zagoren Trustee | 15 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Korf & Rosenblatt Pc | 9/29/23 | $167,842 |
Harvey Rich & Company | 9/29/23 | $93,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,039 |
| Dividends & Interest | $1,706,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,609,167 |
| Capital Gain Net Income | $2,609,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,317,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $325,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $71,480 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34,383 |
| Printing and publications | $1,455 |
| Other expenses | $1,262 |
| Total operating and administrative expenses | $762,493 |
| Contributions, gifts, grants paid | $3,909,500 |
| Total expenses and disbursements | $4,671,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $861,941 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,369,602 |
| 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, Blanche And Irving Laurie Foundation Inc has awarded $5,308,000 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
92ND ST Y PURPOSE: GENERAL OPER SUPP | $15,000 |
ADLER APHASIA CENTER PURPOSE: SPEECH THERAPY | $5,000 |
ANSHE EMETH DEV CORP PURPOSE: GENERAL OPER SUPP | $2,500 |
ARVADA COUNCIL FOR ARTS&HUMANITIES PURPOSE: PRODUCTION SUPPORT | $11,000 |
ASSOC ALUMNAE DOUGLASS COLL PURPOSE: 100TH ANNIVERSARY CAMP | $103,000 |
AMERICAN HEART ASSOC PURPOSE: GENERAL OPER SUPP | $2,000 |