Lebanon Foundation Inc
- Assets
- $175.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lebanon, PA
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 25-1847208
Organization Overview
Lebanon Foundation Inc is located in Lebanon, PA. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community 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. Lebanon 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, Lebanon Foundation Inc generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PROMOTION AND IMPROVEMENT OF DOWNTOWN LEBANON, PA THROUGH PUBLIC EVENTS SUCH AS OUTDOOR PUBLIC EVENTS, PARADES, FESTIVALS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Bracale President | 1.5 | $0 | |
Thomas Morrissey Vice Preside | 1 | $0 | |
Craig Gates Treasurer | 1 | $0 | |
Cheryl Batdorf Secretary | 1 | $0 | |
Pam Shirk Manager | 40 | $18,981 | |
Justin Wissler Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,655 |
| Other Revenue | $28,882 |
| Total Revenue | $39,037 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,615 |
| Professional fees and other payments to independent contractors | $1,555 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,502 |
| Total expenses | $35,672 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175,283 |
| Other assets | $0 |
| Total assets | $175,283 |
| Total liabilities | $85,000 |
| Net assets or fund balances | $90,283 |