Lance R Wachenheim Foundation
- Assets
- $18.5m
- Revenue
- $367.5k
- Investments
- $15.6m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1497632
Organization Overview
Lance R Wachenheim Foundation is located in Purchase, NY. The organization was established in 2008. 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. Lance R Wachenheim Foundation 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, Lance R Wachenheim Foundation generated $367.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $945.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lance R Wachenheim Foundation has awarded 82 individual grants totaling $3,322,107. 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 |
|---|---|---|---|
Lance R Wachenheim Trustee | 0.5 | $0 | |
Edgar Wachenheim III Trustee/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,842 |
| Dividends & Interest | $324,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2 |
| Capital Gain Net Income | $2 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $367,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,630 |
| Total operating and administrative expenses | $11,704 |
| Contributions, gifts, grants paid | $934,166 |
| Total expenses and disbursements | $945,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,905,568 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $134 |
| 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 | $18,527,963 |
| 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, Lance R Wachenheim Foundation has awarded $934,166 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BLYTHEDALE CHILDREN'S HOSPITAL PURPOSE: GENERAL PURPOSE | $205,000 |
SKIDMORE COLLEGE PURPOSE: GENERAL PURPOSE | $195,000 |
THE GUIDANCE CENTER PURPOSE: GENERAL PURPOSE | $99,866 |
DOCTORS WITHOUT BORDERS USA INC PURPOSE: GENERAL PURPOSE | $60,000 |
MYSTIC SEAPORT PURPOSE: GENERAL PURPOSE | $60,000 |
WORKSHOP FOR WARRIORS INC PURPOSE: GENERAL PURPOSE | $50,000 |