Eugene W & Gloria Landy Fam Foundation Tr
- Assets
- $3.3m
- Revenue
- $3.8m
- Investments
- $3.1m
- Employees
- 0
- Location
- Freehold, NJ
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 22-6903439
Organization Overview
Eugene W & Gloria Landy Fam Foundation Tr is located in Freehold, NJ. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Eugene W & Gloria Landy Fam Foundation Tr 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, Eugene W & Gloria Landy Fam Foundation Tr generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 58.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 8 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 2015, Eugene W & Gloria Landy Fam Foundation Tr has awarded 250 individual grants totaling $2,476,257. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene W Landy Trustee | 0 | $0 | |
Samuel Landy Trustee | 0 | $0 | |
Michael Landy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30 |
| Interest on Savings | $947 |
| Dividends & Interest | $6,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,810,642 |
| Capital Gain Net Income | $3,810,642 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,818,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,228 |
| Taxes | $3,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $9,703 |
| Contributions, gifts, grants paid | $1,237,235 |
| Total expenses and disbursements | $1,246,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,122 |
| 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 | $129 |
| Total assets | $3,253,587 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $449,748 |
| 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 | $449,748 |
Grants Awarded
Over the last fiscal year, Eugene W & Gloria Landy Fam Foundation Tr has awarded $857,235 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
AGUDATH ISRAEL OF AMERICA PURPOSE: GENERAL DONATION | $10,000 |
ALEX LEMONADE STAND FOUNDATION PURPOSE: GENERAL DONATION | $1,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL DONATION | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL DONATION | $5,000 |
AMERICAN IMMIGRATION COUNCIL PURPOSE: GENERAL DONATION | $5,000 |
AMERICAN LUNG ASSOCIATION OF NJ PURPOSE: GENERAL DONATION | $500 |