Robert Lemelson Foundation
- Assets
- $6.0m
- Revenue
- $468.9k
- Investments
- $5.6m
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-3423670
Organization Overview
Robert Lemelson Foundation is located in Pacific Palisades, CA. The organization was established in 2011. 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. Robert Lemelson 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, Robert Lemelson Foundation generated $468.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $471.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert Lemelson Foundation has awarded 64 individual grants totaling $1,928,864. 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 |
|---|---|---|---|
Robert Lemelson PHD President | 0 | $0 | |
Irene Sukwandi Secretary | 0 | $0 | |
Beate Ritz MD PHD Chief Financial Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $148,121 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $320,796 |
| Capital Gain Net Income | $320,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $468,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,212 |
| Printing and publications | $0 |
| Other expenses | $41,651 |
| Total operating and administrative expenses | $61,455 |
| Contributions, gifts, grants paid | $410,305 |
| Total expenses and disbursements | $471,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $339,986 |
| 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 | $3,284,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,299 |
| Total assets | $5,959,639 |
| 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, Robert Lemelson Foundation has awarded $410,305 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ANTHROPOLOGICAL ASSOCIATION PURPOSE: SVA GRANTS 2022-23 / LEMELSON FELLOWS | $35,138 |
I AM A GIRL PURPOSE: GENERAL FUNDS | $10,000 |
INTERNATIONAL DOCUMENTARY ASSOCIATION PURPOSE: GRANT FOR BRIAN MAEDA'S FILM "I SAY,NO NO" | $30,000 |
PAN-MASSACHUSETTS CHALLENGE PURPOSE: PAN MASS CHALLENGE | $500 |
UCLA FOUNDATION PURPOSE: ANTHRO HONORS/HOLLAN MMAC WORKING GROUP ENDOWMENT/STUDY OF BLACK LIFE AND RACIAL INEQUALITY | $317,667 |
USC PACIFIC ASIA MUSEUM PURPOSE: PROGRAMS FOR BALI 2022 | $17,000 |