Larry L Luing Family Foundation Inc
- Assets
- $21.5m
- Revenue
- $976.6k
- Investments
- $21.0m
- Employees
- 0
- Location
- Woodland Park, NJ
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 22-3564439
Organization Overview
Larry L Luing Family Foundation Inc is located in Woodland Park, 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. Larry L Luing Family 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, Larry L Luing Family Foundation Inc generated $976.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 23.7% per year over the past 7 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 2016, Larry L Luing Family Foundation Inc has awarded 247 individual grants totaling $4,638,151. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Luing President/trustee | 2 | $0 | |
Randy Luing Treasurer/trustee | 2 | $0 | |
Timothy Luing Trustee | 2 | $0 | |
Heather Hill Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $37,244 |
| Dividends & Interest | $469,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $349,395 |
| Capital Gain Net Income | $349,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $976,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,050 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,870 |
| Total operating and administrative expenses | $175,242 |
| Contributions, gifts, grants paid | $1,074,000 |
| Total expenses and disbursements | $1,249,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,883 |
| Savings and temporary cash investments | $409,471 |
| 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 | $349,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,455,779 |
| 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, Larry L Luing Family Foundation Inc has awarded $1,074,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $25,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $25,000 |
ARCH GRANTS PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $5,000 |
BIG BROTHERS BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY INC PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $5,000 |
BIG BROTHERS BIG SISTERS OF ESSEX HUDSON AND UNION COUNTIES NJ INC PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $5,000 |
BIG BROTHERS BIG SISTERS OF NEW YORK CITY PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $10,000 |