Armour-Lewis Foundation
- Assets
- $5.2m
- Revenue
- $277.7k
- Investments
- $4.7m
- Employees
- 0
- Location
- Allenhurst, NJ
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 22-3476006
Organization Overview
Armour-Lewis Foundation is located in Allenhurst, NJ. The organization was established in 1998. 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. Armour-Lewis Foundation 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, Armour-Lewis Foundation generated $277.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $331.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Armour-Lewis Foundation has awarded 40 individual grants totaling $2,559,876. 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
CHARITABLE ACTIVITIES ARE LIMITED TO MAKING GRANTS AND CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Ouelette Trustee | 0 | $12,069 | |
Tara L Fallon Trustee | 0 | $12,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,644 |
| Dividends & Interest | $83,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,257 |
| Capital Gain Net Income | $4,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,474 |
| Total Revenue | $277,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,138 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $31,656 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $331,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $463,442 |
| 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 | $1,160 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,188,737 |
| 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 | $1,257,388 |
| Total liabilities | $1,257,388 |
Grants Awarded
Over the last fiscal year, Armour-Lewis Foundation has awarded $300,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MASONIC CHARITY FOUNDATION PURPOSE: SUPPORT | $60,000 |
STEVENS INSTITUTE OF TECHNOLOGY PURPOSE: SUPPORT | $60,000 |
UNIVERSITY OF PENNSLYVANIA PURPOSE: SUPPORT | $60,000 |
UNION THEOLOGICAL SEMINARY PURPOSE: SUPPORT | $60,000 |
WEILL CORNELL MEDICAL COLLEGE PURPOSE: SUPPORT | $60,000 |