Lorell Family Foundation Inc
- Assets
- $177.6k
- Revenue
- $13.9k
- Investments
- $166.1k
- Employees
- 0
- Location
- Wellington, FL
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 22-3728131
Organization Overview
Lorell Family Foundation Inc is located in Wellington, FL. The organization was established in 2000. 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. Lorell 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, Lorell Family Foundation Inc generated $13.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $13.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis L Lorell President | 1 | $0 | |
Susan Lorell Secretary-Treasurer | 1 | $0 | |
Jennifer Levison Trustee | 1 | $0 | |
Robin L Davison Trustee | 1 | $0 | |
Beth S Lorell Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,962 |
| Capital Gain Net Income | $9,962 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $221 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,476 |
| Total operating and administrative expenses | $6,197 |
| Contributions, gifts, grants paid | $6,761 |
| Total expenses and disbursements | $12,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,521 |
| 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 | $166,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,618 |
| 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, Lorell Family Foundation Inc has awarded $6,761 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ISRAEL TENNIS & EDUCATION PURPOSE: GENERAL PURPOSE SUPPORT | $118 |
CHABAD OF CHERRY HILL PURPOSE: GENERAL PURPOSE SUPPORT | $2,824 |
PRAGER UNIVERSITY PURPOSE: GENERAL PURPOSE SUPPORT | $50 |
STAND WITH US PURPOSE: GENERAL PURPOSE SUPPORT | $1,150 |
THE INTERFAITH TASKFORCE FOR AMERICA AND ISRAEL PURPOSE: GENERAL PURPOSE SUPPORT | $750 |
MICHAEL LEVIN LONE SOLDIER PURPOSE: GENERAL PURPOSE SUPPORT | $360 |