Lutheran Social Services Foundation Of Upstate New York Inc
- Assets
- $22.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 31-1598005
Organization Overview
Lutheran Social Services Foundation Of Upstate New York Inc is located in Jamestown, NY. The organization was established in 1988. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Social Services Foundation Of Upstate New York 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 12/2021, Lutheran Social Services Foundation Of Upstate New York Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $718.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lutheran Social Services Foundation Of Upstate New York Inc has awarded 36 individual grants totaling $6,201,379. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE PURPOSES OF LUTHERAN SOCIAL SERVICES GROUP, INC. AND ITS AFFILIATED CORPORATIONS, ALL OF WHICH ARE 501(C)(3) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS USED FOR SUPPORT, RENOVATION, AND EXPANSION OF LUTHERAN SOCIAL SERVICES GROUP, INC. AND ITS AFFILIATED ORGANIZATIONS, AS FURTHER DISCLOSED ON SCHEDULE I.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Gaden Chair | OfficerTrustee | 0.5 | $0 |
Jason Beckwith CFO | Officer | 2 | $0 |
Thomas E Holt President/ceo | Officer | 4 | $0 |
Cynthia Lind Hanson Director | Trustee | 0.5 | $0 |
Matthew Moore Director | Trustee | 0.5 | $0 |
Harold Brunacini Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,738,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,764,311 |
| Total Program Service Revenue | $0 |
| Investment income | $227,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,786,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,778,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,674 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,916 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $775 |
| Advertising and promotion | $700 |
| Office expenses | $851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,939 |
| Total functional expenses | $718,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,323,682 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,930,475 |
| Total assets | $22,346,687 |
| Accounts payable and accrued expenses | $3,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,283 |
| Net assets without donor restrictions | $14,653,158 |
| Net assets with donor restrictions | $7,690,246 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,346,687 |
Grants Awarded
Over the last fiscal year, Lutheran Social Services Foundation Of Upstate New York Inc has awarded $570,674 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, NY PURPOSE: OPER/CAPITAL | $305,076 |
Jamestown, NY PURPOSE: OPER/CAPITAL | $177,285 |
Jamestown, NY PURPOSE: OPER/CAPITAL | $80,685 |
Jamestown, NY PURPOSE: OPER/CAPITAL | $7,628 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Social Services Foundation Of Upstate New York Inc has recieved totaling $189.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $189 |
Endowment Analysis
| Beg. Balance | $4,294,453 |
| Earnings | $467,075 |
| Other Expense | $75,000 |
| Ending Balance | $4,686,528 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |