Levart Family Foundation
- Assets
- $23.6m
- Revenue
- $1.7m
- Investments
- $20.4m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-1561922
Organization Overview
Levart Family Foundation is located in Teaneck, NJ. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Levart Family 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, Levart Family Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Levart Family Foundation has awarded 35 individual grants totaling $4,016,333. 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 |
|---|---|---|---|
Timothy I Levart President | 1 | $0 | |
Ria R Levart Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $559,600 |
| Interest on Savings | $183,133 |
| Dividends & Interest | $306,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $553,773 |
| Capital Gain Net Income | $553,773 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $113,501 |
| Total Revenue | $1,716,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $197,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $201,677 |
| Total operating and administrative expenses | $413,177 |
| Contributions, gifts, grants paid | $1,289,333 |
| Total expenses and disbursements | $1,702,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,337 |
| Savings and temporary cash investments | $3,211,080 |
| 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 | $15,195,842 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,631,120 |
| 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, Levart Family Foundation has awarded $1,289,333 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HEICHAL HATORAH INCORPORATED PURPOSE: GENERAL SUPPORT | $33,000 |
JEWISH COMMUNAL FUND PURPOSE: GENERAL SUPPORT | $1,105,000 |
YESHIVA HIGH SCHOOL FOR GIRLS INC PURPOSE: GENERAL SUPPORT | $151,333 |