Leonard M Tannenbaum Foundation
- Assets
- $11.2m
- Revenue
- $813.4k
- Investments
- $9.2m
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-2934717
Organization Overview
Leonard M Tannenbaum Foundation is located in Saratoga Springs, NY. The organization was established in 2009. 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. Leonard M Tannenbaum 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, Leonard M Tannenbaum Foundation generated $813.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 4 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 2019, Leonard M Tannenbaum Foundation has awarded 20 individual grants totaling $4,289,063. 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 NOT INVOLVED IN ANY CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3).
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,569 |
| Dividends & Interest | $1,139,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$329,156 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $813,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $68,557 |
| Contributions, gifts, grants paid | $1,099,539 |
| Total expenses and disbursements | $1,168,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,006,116 |
| 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 | $2,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,007 |
| Total assets | $11,204,075 |
| 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, Leonard M Tannenbaum Foundation has awarded $1,099,539 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000,000 |
PALM BEACH ZOO PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
GREENWICH COUNTY DAY SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
CENTER FOR CHILDRENS ADVOCACY PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |
PERELMEN CENTER FOR JEWISH LIFE LUBAVITCH HOUSE PURPOSE: GENERAL CHARITABLE PURPOSE | $20,000 |
TEMPLE SHALOM PURPOSE: GENERAL CHARITABLE PURPOSE | $4,539 |