Brook J Lenfest Foundation Inc
- Assets
- $14.1m
- Revenue
- $1.2m
- Investments
- $14.0m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 05/2000
- Data as of
- 06/2022
- EIN
- 23-3031338
Organization Overview
Brook J Lenfest Foundation Inc is located in King Of Prussia, PA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Brook J Lenfest 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 06/2022, Brook J Lenfest Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 0.7% 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 2015, Brook J Lenfest Foundation Inc has awarded 269 individual grants totaling $46,954,253. 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
THE FOUNDATION IS A PRIVATE NON-OPERATING FOUNDATION, AND AS SUCH, ITS ONLY ACTIVITY IS TO MAKE GRANTS AND CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS PRINCIPALLY TO PUB CHARITIES. SEE PART XV, QUESTION 3A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brook J Lenfest President | 2 | $0 | |
Marguerite B Lenfest Treasurer | 1 | $0 | |
Anna Lenfest Director | 1 | $0 | |
Tracy Coyle Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $306,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $929,936 |
| Capital Gain Net Income | $929,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,236,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,181,935 |
| Total expenses and disbursements | $1,181,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,001 |
| 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 | $4,562,724 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,117,845 |
| Accounts payable and accrued expenses | $286,418 |
| Grants payable | $2,125,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $63,305 |
| Total liabilities | $2,474,723 |
Grants Awarded
Over the last fiscal year, Brook J Lenfest Foundation Inc has awarded $1,181,935 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ADULTS WITH DEVELOPMENTAL DISABILIT PURPOSE: SOCIAL SERVICES FOR GREATER INDEPEND | $7,000 |
ANTI-DEFAMATION LEAGUE FOUNDATION PURPOSE: THE GOOD FIGHT | $15,000 |
BREAKTHROUGH OF GREATER PHILADELPHI PURPOSE: OPERATING SUPPORT | $25,000 |
CHESTER COUNTY FUTURES PURPOSE: PASSPORT TO COLLEGE | $20,000 |
CHILDREN'S LITERACY INIAT PURPOSE: ASSET BASED EARLY LITERACY | $25,000 |
CLARKE SCHOOLS FOR HEARING AND SPEE PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |