Lucille T And George J Stretchcharitable Foundation Inc
- Assets
- $4.2m
- Revenue
- $127.4k
- Investments
- $4.1m
- Employees
- 0
- Location
- Ridge, NY
- Founding
- 05/2008
- Data as of
- 12/2023
- EIN
- 26-0479221
Organization Overview
Lucille T And George J Stretchcharitable Foundation Inc is located in Ridge, NY. The organization was established in 2008. 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. Lucille T And George J Stretchcharitable 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 12/2023, Lucille T And George J Stretchcharitable Foundation Inc generated $127.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $288.5k during the year ending 12/2023. While expenses have increased by 2.8% 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 2014, Lucille T And George J Stretchcharitable Foundation Inc has awarded 158 individual grants totaling $2,064,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Belford Director | 1 | $3,100 | |
William F Quinn Director | 1 | $3,100 | |
Eric L Weiss Director | 1 | $3,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,993 |
| Capital Gain Net Income | $28,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $300 |
| Total Revenue | $127,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $62,528 |
| Contributions, gifts, grants paid | $226,000 |
| Total expenses and disbursements | $288,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,435 |
| Savings and temporary cash investments | $53,923 |
| 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 | $0 |
| Total assets | $4,156,155 |
| 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, Lucille T And George J Stretchcharitable Foundation Inc has awarded $226,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
K OF C ASSUMPTION COUNCIL PURPOSE: US VETERANS ASSISTANCE | $5,000 |
LIGHTHOUSE MISSION PURPOSE: SOCIAL SERVICES | $40,000 |
HOPE HOUSE MINISTRIES PURPOSE: SOCIAL SERVICES | $30,000 |
MERCY HAVEN PURPOSE: SOCIAL SERVICES | $20,000 |
CHILD CRISIS CENTER OF UGANDA PURPOSE: CHILDREN OUTREACH | $10,000 |
EJ AUTISM FOUNDATION PURPOSE: MEDICAL ASSISTANCE | $10,000 |